H vs HLT: Correlation
Measured on weekly returns over the past three years, Hyatt Hotels Corporation (H) and Hilton Worldwide (HLT) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are H and HLT?
On 3 years of weekly data the H/HLT correlation comes out at 0.78, strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. The 5-year figure is 0.83, and annualized covariance runs at 476.1 %².
Few assets follow H as closely as HLT, which ranks #2 of 10 tracked partners. Twelve-month performance is nearly a tie, at +20.0% for H and +18.1% for HLT.
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.
H vs HLT: side by side
| H (Hyatt Hotels Corporation) | HLT (Hilton Worldwide) | |
|---|---|---|
| 1-year return | +20.0% | +18.1% |
| 5-year return | +139.1% | +162.7% |
| Volatility (ann.) | 29.7% | 20.7% |
| Beta vs S&P 500 | 1.09 | 0.85 |
| Max drawdown (3Y) | -37.3% | -26.4% |
| Market cap | $16.3B | $73.3B |
| P/E (trailing) | 216.6 | 47.8 |
| Dividend yield | 0.34% | 0.18% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | H | HLT |
|---|---|---|
| 2022 | -5.7% | -18.7% |
| 2023 | +44.8% | +44.7% |
| 2024 | +20.9% | +36.1% |
| 2025 | +2.6% | +16.5% |
| 2026 | +8.3% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are H and HLT good diversifiers for each other?
Only partially. A correlation of 0.78 means H and HLT 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 H and HLT?
The H/HLT correlation stands at 0.78 on a 3-year window (1 year: 0.74, 5 years: 0.83), computed from weekly returns as of 2026-08-27.
Is HLT a good diversifier for H?
Only partially. A correlation of 0.78 means H and HLT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 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/h-vs-hlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/h-vs-hlt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: H correlations · HLT correlations
