HGV vs UAL: Correlation
Hilton Grand Vacations Inc. (HGV) and United Airlines Holdings (UAL) 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 UAL?
Across a 3-year window, the weekly returns of HGV and UAL correlate at 0.55, moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.55). Stretching to 5 years gives 0.59, with an annualized covariance of 921.9 %².
Within HGV's tracked universe of 37 assets, UAL comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with UAL ahead by 15.0 points (-7.2% versus +7.8%).
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 UAL: side by side
| HGV (Hilton Grand Vacations Inc.) | UAL (United Airlines Holdings) | |
|---|---|---|
| 1-year return | -7.2% | +7.8% |
| 5-year return | +1.7% | +144.8% |
| Volatility (ann.) | 36.3% | 46.6% |
| Beta vs S&P 500 | 1.38 | 1.33 |
| Max drawdown (3Y) | -34.6% | -49.2% |
| Market cap | $3.4B | $36.5B |
| P/E (trailing) | 25.6 | 10.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HGV | UAL |
|---|---|---|
| 2022 | -26.0% | -13.9% |
| 2023 | +4.3% | +9.4% |
| 2024 | -3.1% | +135.3% |
| 2025 | +14.9% | +15.2% |
| 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 UAL good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HGV and UAL?
As of 2026-08-27, the correlation of weekly returns between HGV and UAL is 0.55 over 3 years, 0.68 over 1 year and 0.59 over 5 years.
Is UAL a good diversifier for HGV?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 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-ual.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hgv-vs-ual/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HGV correlations · UAL correlations
