HLT vs PH: Correlation
Hilton Worldwide (HLT) and Parker Hannifin (PH) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLT and PH?
Across a 3-year window, the weekly returns of HLT and PH correlate at 0.62, strong. The link has loosened recently: the 1-year correlation (0.51) runs below the 3-year figure (0.62). Stretching to 5 years gives 0.61, with an annualized covariance of 343.3 %².
Within HLT's tracked universe of 40 assets, PH comes in at #11 by 3-year correlation. Over the last 12 months PH came out ahead by 14.7 percentage points (+18.1% against +32.8%). On a rolling one-year basis the correlation drifted between 0.45 and 0.74, a moderate band.
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 PH: side by side
| HLT (Hilton Worldwide) | PH (Parker Hannifin) | |
|---|---|---|
| 1-year return | +18.1% | +32.8% |
| 5-year return | +162.7% | +256.4% |
| Volatility (ann.) | 20.7% | 26.6% |
| Beta vs S&P 500 | 0.85 | 1.16 |
| Max drawdown (3Y) | -26.4% | -26.8% |
| Market cap | $73.3B | $127.5B |
| P/E (trailing) | 47.8 | 36.5 |
| Dividend yield | 0.18% | 0.71% |
| Sector / category | Consumer Discretionary | Industrials |
Year-by-year returns
| Year | HLT | PH |
|---|---|---|
| 2022 | -18.7% | -6.9% |
| 2023 | +44.7% | +60.8% |
| 2024 | +36.1% | +39.6% |
| 2025 | +16.5% | +39.5% |
| 2026 | +13.5% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLT and PH good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HLT and PH?
As of 2026-08-27, the correlation of weekly returns between HLT and PH is 0.62 over 3 years, 0.51 over 1 year and 0.61 over 5 years.
Is PH a good diversifier for HLT?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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/hlt-vs-ph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlt-vs-ph/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HLT correlations · PH correlations
