DFIN vs HGV: Correlation
How closely do Donnelley Financial Solutions, Inc. (DFIN) and Hilton Grand Vacations Inc. (HGV) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFIN and HGV?
On 3 years of weekly data the DFIN/HGV correlation comes out at 0.50, moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.50). The 5-year figure is 0.49, and annualized covariance runs at 766.8 %².
Within DFIN's tracked universe of 14 assets, HGV comes in at #4 by 3-year correlation. On 12-month performance HGV holds a 8.4-point edge, -15.6% against -7.2%.
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.
DFIN vs HGV: side by side
| DFIN (Donnelley Financial Solutions, Inc.) | HGV (Hilton Grand Vacations Inc.) | |
|---|---|---|
| 1-year return | -15.6% | -7.2% |
| 5-year return | +44.0% | +1.7% |
| Volatility (ann.) | 42.1% | 36.3% |
| Beta vs S&P 500 | 1.09 | 1.38 |
| Max drawdown (3Y) | -47.4% | -34.6% |
| Market cap | $1.2B | $3.4B |
| P/E (trailing) | 30.9 | 25.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFIN | HGV |
|---|---|---|
| 2022 | -18.0% | -26.0% |
| 2023 | +61.4% | +4.3% |
| 2024 | +0.6% | -3.1% |
| 2025 | -25.6% | +14.9% |
| 2026 | +2.7% | -2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFIN and HGV good diversifiers for each other?
Only partially. A correlation of 0.50 means DFIN and HGV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DFIN and HGV?
The DFIN/HGV correlation stands at 0.50 on a 3-year window (1 year: 0.35, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is HGV a good diversifier for DFIN?
Only partially. A correlation of 0.50 means DFIN and HGV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dfin-vs-hgv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfin-vs-hgv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFIN correlations · HGV correlations
