HGV vs MIDD: Correlation
Hilton Grand Vacations Inc. (HGV) and The Middleby Corporation (MIDD) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGV and MIDD?
Across a 3-year window, the weekly returns of HGV and MIDD correlate at 0.56, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.56 over 3. Stretching to 5 years gives 0.58, with an annualized covariance of 729.8 %².
By 3-year correlation, MIDD places #14 of the 37 assets tracked against HGV. Over the last 12 months MIDD came out ahead by 9.7 percentage points (-7.2% against +2.5%).
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 MIDD: side by side
| HGV (Hilton Grand Vacations Inc.) | MIDD (The Middleby Corporation) | |
|---|---|---|
| 1-year return | -7.2% | +2.5% |
| 5-year return | +1.7% | -24.2% |
| Volatility (ann.) | 36.3% | 36.0% |
| Beta vs S&P 500 | 1.38 | 1.04 |
| Max drawdown (3Y) | -34.6% | -35.4% |
| Market cap | $3.4B | $5.1B |
| P/E (trailing) | 25.6 | 17.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HGV | MIDD |
|---|---|---|
| 2022 | -26.0% | -31.9% |
| 2023 | +4.3% | +9.9% |
| 2024 | -3.1% | -8.0% |
| 2025 | +14.9% | +9.8% |
| 2026 | -2.1% | -5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGV and MIDD good diversifiers for each other?
Only partially. A correlation of 0.56 means HGV and MIDD 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 MIDD?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.55 over the last year and 0.58 over 5 years.
Is MIDD a good diversifier for HGV?
Only partially. A correlation of 0.56 means HGV and MIDD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hgv-vs-midd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hgv-vs-midd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HGV correlations · MIDD correlations
