HLT vs WH: Correlation
How closely do Hilton Worldwide (HLT) and Wyndham Hotels & Resorts, Inc. (WH) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLT and WH?
On 3 years of weekly data the HLT/WH correlation comes out at 0.53, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.53 over 3. The 5-year figure is 0.65, and annualized covariance runs at 281.2 %².
Within HLT's tracked universe of 40 assets, WH comes in at #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HLT ahead by 29.7 points (+18.1% versus -11.6%).
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 WH: side by side
| HLT (Hilton Worldwide) | WH (Wyndham Hotels & Resorts, Inc.) | |
|---|---|---|
| 1-year return | +18.1% | -11.6% |
| 5-year return | +162.7% | +15.6% |
| Volatility (ann.) | 20.7% | 25.8% |
| Beta vs S&P 500 | 0.85 | 0.72 |
| Max drawdown (3Y) | -26.4% | -37.2% |
| Market cap | $73.3B | $5.7B |
| P/E (trailing) | 47.8 | 27.8 |
| Dividend yield | 0.18% | 2.19% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HLT | WH |
|---|---|---|
| 2022 | -18.7% | -19.1% |
| 2023 | +44.7% | +14.9% |
| 2024 | +36.1% | +27.7% |
| 2025 | +16.5% | -23.5% |
| 2026 | +13.5% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLT and WH good diversifiers for each other?
Only partially. A correlation of 0.53 means HLT and WH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HLT and WH?
As of 2026-08-27, the correlation of weekly returns between HLT and WH is 0.53 over 3 years, 0.45 over 1 year and 0.65 over 5 years.
Is WH a good diversifier for HLT?
Only partially. A correlation of 0.53 means HLT and WH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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-wh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlt-vs-wh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HLT correlations · WH correlations
