HGV vs IART: Correlation
Measured on weekly returns over the past three years, Hilton Grand Vacations Inc. (HGV) and Integra LifeSciences Holdings Corporation (IART) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGV and IART?
Over the past 3 years, HGV and IART moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 1203.1 %².
Within HGV's tracked universe of 37 assets, IART comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IART ahead by 20.5 points (-7.2% versus +13.3%). Risk is not evenly split, since IART carries 1.6 times the volatility of the other side.
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.
HGV vs IART: side by side
| HGV (Hilton Grand Vacations Inc.) | IART (Integra LifeSciences Holdings Corporation) | |
|---|---|---|
| 1-year return | -7.2% | +13.3% |
| 5-year return | +1.7% | -77.0% |
| Volatility (ann.) | 36.3% | 58.0% |
| Beta vs S&P 500 | 1.38 | 1.66 |
| Max drawdown (3Y) | -34.6% | -80.3% |
| Market cap | $3.4B | $1.3B |
| P/E (trailing) | 25.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HGV | IART |
|---|---|---|
| 2022 | -26.0% | -16.3% |
| 2023 | +4.3% | -22.3% |
| 2024 | -3.1% | -47.9% |
| 2025 | +14.9% | -45.2% |
| 2026 | -2.1% | +35.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGV and IART good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HGV and IART?
As of 2026-08-27, the correlation of weekly returns between HGV and IART is 0.57 over 3 years, 0.64 over 1 year and 0.52 over 5 years.
Is IART a good diversifier for HGV?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 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
$ curl https://www.pairbook.io/api/v1/pairs/hgv-vs-iart.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hgv-vs-iart/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HGV correlations · IART correlations
