HGV vs MLKN: Correlation
How closely do Hilton Grand Vacations Inc. (HGV) and MillerKnoll, Inc. (MLKN) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGV and MLKN?
On 3 years of weekly data the HGV/MLKN correlation comes out at 0.51, moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.51). The 5-year figure is 0.53, and annualized covariance runs at 831.8 %².
By 3-year correlation, MLKN places #24 of the 37 assets tracked against HGV. The last year tells two different stories: MLKN led by 21.0 percentage points, -7.2% for HGV against +13.8% for MLKN.
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 MLKN: side by side
| HGV (Hilton Grand Vacations Inc.) | MLKN (MillerKnoll, Inc.) | |
|---|---|---|
| 1-year return | -7.2% | +13.8% |
| 5-year return | +1.7% | -35.2% |
| Volatility (ann.) | 36.3% | 45.1% |
| Beta vs S&P 500 | 1.38 | 1.11 |
| Max drawdown (3Y) | -34.6% | -53.3% |
| Market cap | $3.4B | $1.6B |
| P/E (trailing) | 25.6 | 17.7 |
| Dividend yield | 0.00% | 3.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HGV | MLKN |
|---|---|---|
| 2022 | -26.0% | -44.9% |
| 2023 | +4.3% | +32.0% |
| 2024 | -3.1% | -13.0% |
| 2025 | +14.9% | -15.7% |
| 2026 | -2.1% | +31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGV and MLKN good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HGV and MLKN?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.64 over the last year and 0.53 over 5 years.
Is MLKN a good diversifier for HGV?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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-mlkn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hgv-vs-mlkn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HGV correlations · MLKN correlations
