HLT vs QUAL: Correlation
Measured on weekly returns over the past three years, Hilton Worldwide (HLT) and iShares MSCI USA Quality Factor ETF (QUAL) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLT and QUAL?
On 3 years of weekly data the HLT/QUAL correlation comes out at 0.61, strong. Lately the two have drifted apart, with the 1-year correlation at 0.33 versus 0.61 over 3 years. The 5-year figure is 0.62, and annualized covariance runs at 175.8 %².
Within HLT's tracked universe of 40 assets, QUAL comes in at #13 by 3-year correlation. Their 12-month results are close: +18.1% for HLT against +19.7% for QUAL. On a rolling one-year basis the correlation drifted between 0.34 and 0.75, 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 QUAL: side by side
| HLT (Hilton Worldwide) | QUAL (iShares MSCI USA Quality Factor ETF) | |
|---|---|---|
| 1-year return | +18.1% | +19.7% |
| 5-year return | +162.7% | +68.0% |
| Volatility (ann.) | 20.7% | 14.0% |
| Beta vs S&P 500 | 0.85 | 0.93 |
| Max drawdown (3Y) | -26.4% | -18.0% |
| Market cap | $73.3B | – |
| P/E (trailing) | 47.8 | – |
| Dividend yield | 0.18% | 0.86% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $46.5B |
| Sector / category | Consumer Discretionary | ETF · US Style |
QUAL, iShares's Large Blend fund, carries $46.5B under management, 123 holdings, a 0.15% expense ratio, a 0.86% trailing dividend yield.
Year-by-year returns
| Year | HLT | QUAL |
|---|---|---|
| 2022 | -18.7% | -20.5% |
| 2023 | +44.7% | +30.9% |
| 2024 | +36.1% | +22.3% |
| 2025 | +16.5% | +12.7% |
| 2026 | +13.5% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLT and QUAL good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HLT and QUAL?
The HLT/QUAL correlation stands at 0.61 on a 3-year window (1 year: 0.33, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is QUAL a good diversifier for HLT?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 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-qual.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hlt-vs-qual/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HLT correlations · QUAL correlations
