HLT vs TNL: Correlation
Hilton Worldwide (HLT) and Travel Leisure Co. (TNL) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLT and TNL?
Over the past 3 years, HLT and TNL moved with a correlation of 0.68, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.53 versus 0.68 over 3 years. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 426.2 %².
TNL is one of the assets that tracks HLT most closely: it ranks #3 out of the 40 assets we track against HLT. Their 12-month results are close: +18.1% for HLT against +19.2% for TNL.
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 TNL: side by side
| HLT (Hilton Worldwide) | TNL (Travel Leisure Co.) | |
|---|---|---|
| 1-year return | +18.1% | +19.2% |
| 5-year return | +162.7% | +59.9% |
| Volatility (ann.) | 20.7% | 30.1% |
| Beta vs S&P 500 | 0.85 | 1.19 |
| Max drawdown (3Y) | -26.4% | -32.2% |
| Market cap | $73.3B | $4.4B |
| P/E (trailing) | 47.8 | 19.9 |
| Dividend yield | 0.18% | 3.15% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HLT | TNL |
|---|---|---|
| 2022 | -18.7% | -31.7% |
| 2023 | +44.7% | +12.5% |
| 2024 | +36.1% | +34.8% |
| 2025 | +16.5% | +45.5% |
| 2026 | +13.5% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLT and TNL good diversifiers for each other?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HLT and TNL?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.53 over the last year and 0.75 over 5 years.
Is TNL a good diversifier for HLT?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.68 mean?
A reading of 0.68 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-tnl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hlt-vs-tnl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HLT correlations · TNL correlations
