HLT vs XLI: Correlation
Hilton Worldwide (HLT) and Industrial Select Sector SPDR Fund (XLI) 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 XLI?
Across a 3-year window, the weekly returns of HLT and XLI correlate at 0.63, strong. The link has loosened recently: the 1-year correlation (0.45) runs below the 3-year figure (0.63). Stretching to 5 years gives 0.64, with an annualized covariance of 204.9 %².
Within HLT's tracked universe of 40 assets, XLI comes in at #8 by 3-year correlation. Their 12-month results are close: +18.1% for HLT against +18.3% for XLI. Across three years, the rolling one-year figure varied moderately, from 0.46 to 0.73.
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 XLI: side by side
| HLT (Hilton Worldwide) | XLI (Industrial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +18.1% | +18.3% |
| 5-year return | +162.7% | +84.0% |
| Volatility (ann.) | 20.7% | 15.7% |
| Beta vs S&P 500 | 0.85 | 0.89 |
| Max drawdown (3Y) | -26.4% | -18.5% |
| Market cap | $73.3B | – |
| P/E (trailing) | 47.8 | – |
| Dividend yield | 0.18% | 1.15% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $32.9B |
| Sector / category | Consumer Discretionary | Sector ETF |
XLI is an Industrials fund from State Street Investment Management: $32.9B under management, 83 holdings, a 0.08% expense ratio, a 1.15% trailing dividend yield.
Year-by-year returns
| Year | HLT | XLI |
|---|---|---|
| 2022 | -18.7% | -5.6% |
| 2023 | +44.7% | +18.1% |
| 2024 | +36.1% | +17.3% |
| 2025 | +16.5% | +19.3% |
| 2026 | +13.5% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLT and XLI good diversifiers for each other?
To a limited degree. At 0.63 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 XLI?
The HLT/XLI correlation stands at 0.63 on a 3-year window (1 year: 0.45, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is XLI a good diversifier for HLT?
To a limited degree. At 0.63 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 0.63 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-xli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlt-vs-xli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HLT correlations · XLI correlations
