HLT vs RCL: Correlation
Hilton Worldwide (HLT) and Royal Caribbean Group (RCL) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLT and RCL?
Over the past 3 years, HLT and RCL moved with a correlation of 0.58, which is moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.58). Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 494.5 %².
By 3-year correlation, RCL places #17 of the 40 assets tracked against HLT. The last year tells two different stories: HLT led by 37.4 percentage points, +18.1% for HLT against -19.3% for RCL. This link changes with the market regime, having swung between 0.31 and 0.81 on a rolling one-year basis. Note the risk asymmetry: RCL runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RCL: side by side
| HLT (Hilton Worldwide) | RCL (Royal Caribbean Group) | |
|---|---|---|
| 1-year return | +18.1% | -19.3% |
| 5-year return | +162.7% | +257.6% |
| Volatility (ann.) | 20.7% | 41.3% |
| Beta vs S&P 500 | 0.85 | 1.46 |
| Max drawdown (3Y) | -26.4% | -35.0% |
| Market cap | $73.3B | $76.2B |
| P/E (trailing) | 47.8 | 17.9 |
| Dividend yield | 0.18% | 1.72% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | HLT | RCL |
|---|---|---|
| 2022 | -18.7% | -35.7% |
| 2023 | +44.7% | +162.0% |
| 2024 | +36.1% | +79.0% |
| 2025 | +16.5% | +22.5% |
| 2026 | +13.5% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLT and RCL good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HLT and RCL?
The HLT/RCL correlation stands at 0.58 on a 3-year window (1 year: 0.27, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is RCL a good diversifier for HLT?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 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-rcl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlt-vs-rcl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HLT correlations · RCL correlations
