HGV vs WH: Correlation
How closely do Hilton Grand Vacations Inc. (HGV) and Wyndham Hotels & Resorts, Inc. (WH) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGV and WH?
On 3 years of weekly data the HGV/WH correlation comes out at 0.58, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.58 over 3. The 5-year figure is 0.63, and annualized covariance runs at 542.2 %².
By 3-year correlation, WH places #12 of the 37 assets tracked against HGV. Their 12-month results are close: -7.2% for HGV against -11.6% for WH.
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 WH: side by side
| HGV (Hilton Grand Vacations Inc.) | WH (Wyndham Hotels & Resorts, Inc.) | |
|---|---|---|
| 1-year return | -7.2% | -11.6% |
| 5-year return | +1.7% | +15.6% |
| Volatility (ann.) | 36.3% | 25.8% |
| Beta vs S&P 500 | 1.38 | 0.72 |
| Max drawdown (3Y) | -34.6% | -37.2% |
| Market cap | $3.4B | $5.7B |
| P/E (trailing) | 25.6 | 27.8 |
| Dividend yield | 0.00% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HGV | WH |
|---|---|---|
| 2022 | -26.0% | -19.1% |
| 2023 | +4.3% | +14.9% |
| 2024 | -3.1% | +27.7% |
| 2025 | +14.9% | -23.5% |
| 2026 | -2.1% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGV and WH good diversifiers for each other?
Only partially. A correlation of 0.58 means HGV and WH 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 WH?
As of 2026-08-27, the correlation of weekly returns between HGV and WH is 0.58 over 3 years, 0.54 over 1 year and 0.63 over 5 years.
Is WH a good diversifier for HGV?
Only partially. A correlation of 0.58 means HGV and WH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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-wh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hgv-vs-wh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HGV correlations · WH correlations
