H vs TNL: Correlation
Measured on weekly returns over the past three years, Hyatt Hotels Corporation (H) and Travel Leisure Co. (TNL) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are H and TNL?
Across a 3-year window, the weekly returns of H and TNL correlate at 0.68, strong. The past 12 months show a weaker link (0.56) than the 3-year average (0.68). Stretching to 5 years gives 0.73, with an annualized covariance of 604.2 %².
By 3-year correlation, TNL places #4 of the 10 assets tracked against H. Neither side won the trailing year by much: +20.0% against +19.2%.
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.
H vs TNL: side by side
| H (Hyatt Hotels Corporation) | TNL (Travel Leisure Co.) | |
|---|---|---|
| 1-year return | +20.0% | +19.2% |
| 5-year return | +139.1% | +59.9% |
| Volatility (ann.) | 29.7% | 30.1% |
| Beta vs S&P 500 | 1.09 | 1.19 |
| Max drawdown (3Y) | -37.3% | -32.2% |
| Market cap | $16.3B | $4.4B |
| P/E (trailing) | 216.6 | 19.9 |
| Dividend yield | 0.34% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | H | TNL |
|---|---|---|
| 2022 | -5.7% | -31.7% |
| 2023 | +44.8% | +12.5% |
| 2024 | +20.9% | +34.8% |
| 2025 | +2.6% | +45.5% |
| 2026 | +8.3% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are H and TNL good diversifiers for each other?
To a limited degree. At 0.68 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 H and TNL?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.56 over the last year and 0.73 over 5 years.
Is TNL a good diversifier for H?
To a limited degree. At 0.68 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 0.68 mean?
On the −1 to +1 scale, 0.68 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/h-vs-tnl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/h-vs-tnl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: H correlations · TNL correlations
