HGV vs JBTM: Correlation
Hilton Grand Vacations Inc. (HGV) and JBT Marel Corporation (JBTM) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGV and JBTM?
Over the past 3 years, HGV and JBTM moved with a correlation of 0.51, which is moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 660.6 %².
Within HGV's tracked universe of 37 assets, JBTM comes in at #23 by 3-year correlation. Over the last 12 months HGV came out ahead by 11.0 percentage points (-7.2% against -18.2%).
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.
HGV vs JBTM: side by side
| HGV (Hilton Grand Vacations Inc.) | JBTM (JBT Marel Corporation) | |
|---|---|---|
| 1-year return | -7.2% | -18.2% |
| 5-year return | +1.7% | -18.0% |
| Volatility (ann.) | 36.3% | 35.7% |
| Beta vs S&P 500 | 1.38 | 0.79 |
| Max drawdown (3Y) | -34.6% | -32.2% |
| Market cap | $3.4B | $6.1B |
| P/E (trailing) | 25.6 | 32.3 |
| Dividend yield | 0.00% | 0.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HGV | JBTM |
|---|---|---|
| 2022 | -26.0% | -40.3% |
| 2023 | +4.3% | +9.3% |
| 2024 | -3.1% | +28.3% |
| 2025 | +14.9% | +18.9% |
| 2026 | -2.1% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGV and JBTM good diversifiers for each other?
Only partially. A correlation of 0.51 means HGV and JBTM 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 HGV and JBTM?
As of 2026-08-27, the correlation of weekly returns between HGV and JBTM is 0.51 over 3 years, 0.50 over 1 year and 0.55 over 5 years.
Is JBTM a good diversifier for HGV?
Only partially. A correlation of 0.51 means HGV and JBTM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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-jbtm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hgv-vs-jbtm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HGV correlations · JBTM correlations
