HLT vs LVS: Correlation
Measured on weekly returns over the past three years, Hilton Worldwide (HLT) and Las Vegas Sands (LVS) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLT and LVS?
Across a 3-year window, the weekly returns of HLT and LVS correlate at 0.42, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.42 over 3. Stretching to 5 years gives 0.43, with an annualized covariance of 304.7 %².
Within HLT's tracked universe of 40 assets, LVS comes in at #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HLT ahead by 38.4 points (+18.1% versus -20.3%). The rolling one-year correlation moved between 0.22 and 0.58 over the past three years, a moderate range. One caveat on sizing: LVS is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
HLT vs LVS: side by side
| HLT (Hilton Worldwide) | LVS (Las Vegas Sands) | |
|---|---|---|
| 1-year return | +18.1% | -20.3% |
| 5-year return | +162.7% | +8.5% |
| Volatility (ann.) | 20.7% | 34.8% |
| Beta vs S&P 500 | 0.85 | 0.75 |
| Max drawdown (3Y) | -26.4% | -44.0% |
| Market cap | $73.3B | $28.7B |
| P/E (trailing) | 47.8 | 17.1 |
| Dividend yield | 0.18% | 2.49% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | HLT | LVS |
|---|---|---|
| 2022 | -18.7% | +27.7% |
| 2023 | +44.7% | +3.1% |
| 2024 | +36.1% | +6.2% |
| 2025 | +16.5% | +29.5% |
| 2026 | +13.5% | -30.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLT and LVS good diversifiers for each other?
Reasonably. At 0.42, HLT and LVS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HLT and LVS?
The HLT/LVS correlation stands at 0.42 on a 3-year window (1 year: 0.40, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is LVS a good diversifier for HLT?
Reasonably. At 0.42, HLT and LVS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 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/hlt-vs-lvs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlt-vs-lvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HLT correlations · LVS correlations
