GIII vs MTN: Correlation
Measured on weekly returns over the past three years, G-III Apparel Group, LTD. (GIII) and Vail Resorts, Inc. (MTN) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIII and MTN?
On 3 years of weekly data the GIII/MTN correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 509.7 %².
MTN is one of the assets that tracks GIII most closely: it ranks #2 out of the 14 assets we track against GIII. Their recent paths diverged sharply: over the last 12 months GIII outperformed by 30.1 percentage points (+24.7% for GIII against -5.4% for MTN).
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.
GIII vs MTN: side by side
| GIII (G-III Apparel Group, LTD.) | MTN (Vail Resorts, Inc.) | |
|---|---|---|
| 1-year return | +24.7% | -5.4% |
| 5-year return | +8.5% | -41.0% |
| Volatility (ann.) | 39.5% | 29.1% |
| Beta vs S&P 500 | 0.53 | 0.68 |
| Max drawdown (3Y) | -43.1% | -45.7% |
| Market cap | $1.4B | $5.2B |
| P/E (trailing) | 11.8 | 32.1 |
| Dividend yield | 0.60% | 5.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIII | MTN |
|---|---|---|
| 2022 | -50.4% | -24.9% |
| 2023 | +147.8% | -7.1% |
| 2024 | -4.0% | -8.0% |
| 2025 | -10.9% | -24.9% |
| 2026 | +15.9% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIII and MTN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GIII and MTN?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.38 over the last year and 0.47 over 5 years.
Is MTN a good diversifier for GIII?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/giii-vs-mtn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/giii-vs-mtn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GIII correlations · MTN correlations
