HGV vs JETS: Correlation
Hilton Grand Vacations Inc. (HGV) and US Global Jets ETF (JETS) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGV and JETS?
On 3 years of weekly data the HGV/JETS correlation comes out at 0.68, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.68 over 3. The 5-year figure is 0.71, and annualized covariance runs at 715.8 %².
By 3-year correlation, JETS places #4 of the 37 assets tracked against HGV. The last year tells two different stories: JETS led by 20.4 percentage points, -7.2% for HGV against +13.2% for JETS.
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 JETS: side by side
| HGV (Hilton Grand Vacations Inc.) | JETS (US Global Jets ETF) | |
|---|---|---|
| 1-year return | -7.2% | +13.2% |
| 5-year return | +1.7% | +30.9% |
| Volatility (ann.) | 36.3% | 29.2% |
| Beta vs S&P 500 | 1.38 | 1.16 |
| Max drawdown (3Y) | -34.6% | -35.2% |
| Market cap | $3.4B | – |
| P/E (trailing) | 25.6 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | HGV | JETS |
|---|---|---|
| 2022 | -26.0% | -19.0% |
| 2023 | +4.3% | +11.4% |
| 2024 | -3.1% | +33.2% |
| 2025 | +14.9% | +11.6% |
| 2026 | -2.1% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGV and JETS good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HGV and JETS?
The HGV/JETS correlation stands at 0.68 on a 3-year window (1 year: 0.74, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is JETS a good diversifier for HGV?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
A reading of 0.68 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-jets.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hgv-vs-jets/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HGV correlations · JETS correlations
