HGV vs UPBD: Correlation
How closely do Hilton Grand Vacations Inc. (HGV) and Upbound Group, Inc. (UPBD) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGV and UPBD?
Over the past 3 years, HGV and UPBD moved with a correlation of 0.64, which is strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 958.1 %².
Among the 37 assets we track against HGV, UPBD ranks #6 by 3-year correlation. Over the last 12 months HGV came out ahead by 12.6 percentage points (-7.2% against -19.8%).
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 UPBD: side by side
| HGV (Hilton Grand Vacations Inc.) | UPBD (Upbound Group, Inc.) | |
|---|---|---|
| 1-year return | -7.2% | -19.8% |
| 5-year return | +1.7% | -60.7% |
| Volatility (ann.) | 36.3% | 41.4% |
| Beta vs S&P 500 | 1.38 | 1.23 |
| Max drawdown (3Y) | -34.6% | -54.2% |
| Market cap | $3.4B | $1.1B |
| P/E (trailing) | 25.6 | 12.6 |
| Dividend yield | 0.00% | 8.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HGV | UPBD |
|---|---|---|
| 2022 | -26.0% | -49.9% |
| 2023 | +4.3% | +57.9% |
| 2024 | -3.1% | -10.1% |
| 2025 | +14.9% | -35.4% |
| 2026 | -2.1% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGV and UPBD good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HGV and UPBD?
The HGV/UPBD correlation stands at 0.64 on a 3-year window (1 year: 0.62, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is UPBD a good diversifier for HGV?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
A reading of 0.64 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-upbd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hgv-vs-upbd/)
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Related comparisons
Hubs: HGV correlations · UPBD correlations
