HGV vs SIG: Correlation
How closely do Hilton Grand Vacations Inc. (HGV) and Signet Jewelers Limited (SIG) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGV and SIG?
On 3 years of weekly data the HGV/SIG correlation comes out at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 851.9 %².
By 3-year correlation, SIG places #28 of the 37 assets tracked against HGV. Their 12-month results are close: -7.2% for HGV against -11.7% for SIG.
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 SIG: side by side
| HGV (Hilton Grand Vacations Inc.) | SIG (Signet Jewelers Limited) | |
|---|---|---|
| 1-year return | -7.2% | -11.7% |
| 5-year return | +1.7% | +8.4% |
| Volatility (ann.) | 36.3% | 47.9% |
| Beta vs S&P 500 | 1.38 | 1.19 |
| Max drawdown (3Y) | -34.6% | -57.1% |
| Market cap | $3.4B | – |
| P/E (trailing) | 25.6 | 11.6 |
| Dividend yield | 0.00% | 1.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HGV | SIG |
|---|---|---|
| 2022 | -26.0% | -21.0% |
| 2023 | +4.3% | +59.6% |
| 2024 | -3.1% | -23.8% |
| 2025 | +14.9% | +4.1% |
| 2026 | -2.1% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGV and SIG good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HGV and SIG?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.51 over the last year and 0.48 over 5 years.
Is SIG a good diversifier for HGV?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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-sig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hgv-vs-sig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HGV correlations · SIG correlations
