DAL vs TNL: Correlation
Measured on weekly returns over the past three years, Delta Air Lines (DAL) and Travel Leisure Co. (TNL) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAL and TNL?
On 3 years of weekly data the DAL/TNL correlation comes out at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. The 5-year figure is 0.68, and annualized covariance runs at 658.3 %².
Within DAL's tracked universe of 33 assets, TNL comes in at #10 by 3-year correlation. Over the last 12 months DAL came out ahead by 14.7 percentage points (+33.9% against +19.2%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DAL vs TNL: side by side
| DAL (Delta Air Lines) | TNL (Travel Leisure Co.) | |
|---|---|---|
| 1-year return | +33.9% | +19.2% |
| 5-year return | +110.6% | +59.9% |
| Volatility (ann.) | 37.1% | 30.1% |
| Beta vs S&P 500 | 1.17 | 1.19 |
| Max drawdown (3Y) | -47.9% | -32.2% |
| Market cap | – | $4.4B |
| P/E (trailing) | 13.8 | 19.9 |
| Dividend yield | 0.94% | 3.15% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DAL | TNL |
|---|---|---|
| 2022 | -15.9% | -31.7% |
| 2023 | +23.0% | +12.5% |
| 2024 | +52.0% | +34.8% |
| 2025 | +16.1% | +45.5% |
| 2026 | +17.8% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAL and TNL good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DAL and TNL?
The DAL/TNL correlation stands at 0.59 on a 3-year window (1 year: 0.59, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is TNL a good diversifier for DAL?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dal-vs-tnl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dal-vs-tnl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DAL correlations · TNL correlations
