HGV vs MOV: Correlation
Hilton Grand Vacations Inc. (HGV) and Movado Group Inc. (MOV) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGV and MOV?
On 3 years of weekly data the HGV/MOV correlation comes out at 0.55, moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.55 over 3. The 5-year figure is 0.53, and annualized covariance runs at 785.1 %².
Within HGV's tracked universe of 37 assets, MOV comes in at #16 by 3-year correlation. The last year tells two different stories: MOV led by 116.4 percentage points, -7.2% for HGV against +109.2% for MOV.
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 MOV: side by side
| HGV (Hilton Grand Vacations Inc.) | MOV (Movado Group Inc.) | |
|---|---|---|
| 1-year return | -7.2% | +109.2% |
| 5-year return | +1.7% | +29.6% |
| Volatility (ann.) | 36.3% | 39.1% |
| Beta vs S&P 500 | 1.38 | 1.15 |
| Max drawdown (3Y) | -34.6% | -55.1% |
| Market cap | $3.4B | $0.8B |
| P/E (trailing) | 25.6 | 19.4 |
| Dividend yield | 0.00% | 2.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HGV | MOV |
|---|---|---|
| 2022 | -26.0% | -19.7% |
| 2023 | +4.3% | +2.0% |
| 2024 | -3.1% | -30.6% |
| 2025 | +14.9% | +13.9% |
| 2026 | -2.1% | +71.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGV and MOV good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HGV and MOV?
The HGV/MOV correlation stands at 0.55 on a 3-year window (1 year: 0.61, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is MOV a good diversifier for HGV?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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-mov.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hgv-vs-mov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HGV correlations · MOV correlations
