GM vs TNL: Correlation
Measured on weekly returns over the past three years, General Motors (GM) and Travel Leisure Co. (TNL) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GM and TNL?
On 3 years of weekly data the GM/TNL correlation comes out at 0.51, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.51 over 3. The 5-year figure is 0.54, and annualized covariance runs at 493.1 %².
Within GM's tracked universe of 35 assets, TNL comes in at #13 by 3-year correlation. The last year tells two different stories: GM led by 28.8 percentage points, +48.0% for GM against +19.2% for TNL.
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.
GM vs TNL: side by side
| GM (General Motors) | TNL (Travel Leisure Co.) | |
|---|---|---|
| 1-year return | +48.0% | +19.2% |
| 5-year return | +82.5% | +59.9% |
| Volatility (ann.) | 32.2% | 30.1% |
| Beta vs S&P 500 | 0.98 | 1.19 |
| Max drawdown (3Y) | -29.1% | -32.2% |
| Market cap | $77.9B | $4.4B |
| P/E (trailing) | 38.6 | 19.9 |
| Dividend yield | 0.76% | 3.15% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | GM | TNL |
|---|---|---|
| 2022 | -42.4% | -31.7% |
| 2023 | +7.9% | +12.5% |
| 2024 | +49.8% | +34.8% |
| 2025 | +54.2% | +45.5% |
| 2026 | +6.5% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GM and TNL good diversifiers for each other?
To a limited degree. At 0.51 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 GM and TNL?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.59 over the last year and 0.54 over 5 years.
Is TNL a good diversifier for GM?
To a limited degree. At 0.51 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 0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gm-vs-tnl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gm-vs-tnl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GM correlations · TNL correlations
