HLT vs XLF: Correlation
Hilton Worldwide (HLT) and Financial Select Sector SPDR Fund (XLF) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLT and XLF?
On 3 years of weekly data the HLT/XLF correlation comes out at 0.63, strong. The past 12 months show a weaker link (0.44) than the 3-year average (0.63). The 5-year figure is 0.63, and annualized covariance runs at 210.4 %².
Within HLT's tracked universe of 40 assets, XLF comes in at #7 by 3-year correlation. Over the last 12 months HLT came out ahead by 8.8 percentage points (+18.1% against +9.3%). The rolling one-year correlation moved between 0.45 and 0.77 over the past three years, a moderate range.
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 XLF: side by side
| HLT (Hilton Worldwide) | XLF (Financial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +18.1% | +9.3% |
| 5-year return | +162.7% | +64.2% |
| Volatility (ann.) | 20.7% | 16.2% |
| Beta vs S&P 500 | 0.85 | 0.84 |
| Max drawdown (3Y) | -26.4% | -15.5% |
| Market cap | $73.3B | – |
| P/E (trailing) | 47.8 | – |
| Dividend yield | 0.18% | 1.42% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $57.9B |
| Sector / category | Consumer Discretionary | Sector ETF |
XLF is a Financial fund from State Street Investment Management: $57.9B under management, 77 holdings, a 0.08% expense ratio, a 1.42% trailing dividend yield.
Year-by-year returns
| Year | HLT | XLF |
|---|---|---|
| 2022 | -18.7% | -10.6% |
| 2023 | +44.7% | +12.0% |
| 2024 | +36.1% | +30.6% |
| 2025 | +16.5% | +14.9% |
| 2026 | +13.5% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLT and XLF good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HLT and XLF?
The HLT/XLF correlation stands at 0.63 on a 3-year window (1 year: 0.44, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is XLF a good diversifier for HLT?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
A reading of 0.63 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HLT correlations · XLF correlations
