HGV vs LEG: Correlation
Hilton Grand Vacations Inc. (HGV) and Leggett & Platt, Incorporated (LEG) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGV and LEG?
Over the past 3 years, HGV and LEG moved with a correlation of 0.60, which is strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.60 over 3. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 1061.3 %².
Among the 37 assets we track against HGV, LEG ranks #9 by 3-year correlation. The last year tells two different stories: LEG led by 19.9 percentage points, -7.2% for HGV against +12.7% for LEG.
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 LEG: side by side
| HGV (Hilton Grand Vacations Inc.) | LEG (Leggett & Platt, Incorporated) | |
|---|---|---|
| 1-year return | -7.2% | +12.7% |
| 5-year return | +1.7% | -72.6% |
| Volatility (ann.) | 36.3% | 48.5% |
| Beta vs S&P 500 | 1.38 | 1.29 |
| Max drawdown (3Y) | -34.6% | -76.8% |
| Market cap | $3.4B | $1.3B |
| P/E (trailing) | 25.6 | 5.9 |
| Dividend yield | 0.00% | 2.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HGV | LEG |
|---|---|---|
| 2022 | -26.0% | -17.8% |
| 2023 | +4.3% | -13.5% |
| 2024 | -3.1% | -61.9% |
| 2025 | +14.9% | +17.0% |
| 2026 | -2.1% | +1.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGV and LEG good diversifiers for each other?
Only partially. A correlation of 0.60 means HGV and LEG 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 LEG?
The HGV/LEG correlation stands at 0.60 on a 3-year window (1 year: 0.63, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is LEG a good diversifier for HGV?
Only partially. A correlation of 0.60 means HGV and LEG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
A reading of 0.60 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-leg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hgv-vs-leg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HGV correlations · LEG correlations
