HGV vs TPR: Correlation
How closely do Hilton Grand Vacations Inc. (HGV) and Tapestry, Inc. (TPR) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGV and TPR?
Over the past 3 years, HGV and TPR moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 716.6 %².
Within HGV's tracked universe of 37 assets, TPR comes in at #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TPR outperformed by 30.8 percentage points (-7.2% for HGV against +23.6% for TPR).
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 TPR: side by side
| HGV (Hilton Grand Vacations Inc.) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | -7.2% | +23.6% |
| 5-year return | +1.7% | +240.1% |
| Volatility (ann.) | 36.3% | 37.8% |
| Beta vs S&P 500 | 1.38 | 1.05 |
| Max drawdown (3Y) | -34.6% | -31.8% |
| Market cap | $3.4B | $24.6B |
| P/E (trailing) | 25.6 | 17.9 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | HGV | TPR |
|---|---|---|
| 2022 | -26.0% | -3.3% |
| 2023 | +4.3% | +0.2% |
| 2024 | -3.1% | +82.8% |
| 2025 | +14.9% | +98.7% |
| 2026 | -2.1% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGV and TPR good diversifiers for each other?
Only partially. A correlation of 0.52 means HGV and TPR 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 TPR?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.43 over the last year and 0.56 over 5 years.
Is TPR a good diversifier for HGV?
Only partially. A correlation of 0.52 means HGV and TPR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hgv-vs-tpr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hgv-vs-tpr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HGV correlations · TPR correlations
