EXPE vs HLT: Correlation
Expedia Group (EXPE) and Hilton Worldwide (HLT) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPE and HLT?
On 3 years of weekly data the EXPE/HLT correlation comes out at 0.47, moderate. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.47). The 5-year figure is 0.63, and annualized covariance runs at 420.0 %².
Among the 33 assets we track against EXPE, HLT ranks #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EXPE outperformed by 33.4 percentage points (+51.5% for EXPE against +18.1% for HLT). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.12 to 0.74. One caveat on sizing: EXPE is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EXPE vs HLT: side by side
| EXPE (Expedia Group) | HLT (Hilton Worldwide) | |
|---|---|---|
| 1-year return | +51.5% | +18.1% |
| 5-year return | +123.9% | +162.7% |
| Volatility (ann.) | 42.7% | 20.7% |
| Beta vs S&P 500 | 1.33 | 0.85 |
| Max drawdown (3Y) | -37.4% | -26.4% |
| Market cap | $38.3B | $73.3B |
| P/E (trailing) | 21.0 | 47.8 |
| Dividend yield | 0.53% | 0.18% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | EXPE | HLT |
|---|---|---|
| 2022 | -51.5% | -18.7% |
| 2023 | +73.3% | +44.7% |
| 2024 | +22.8% | +36.1% |
| 2025 | +53.3% | +16.5% |
| 2026 | +13.1% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPE and HLT good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EXPE and HLT?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.12 over the last year and 0.63 over 5 years.
Is HLT a good diversifier for EXPE?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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
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Related comparisons
Hubs: EXPE correlations · HLT correlations
