HLT vs XLY: Correlation
How closely do Hilton Worldwide (HLT) and Consumer Discretionary Select Sector SPDR Fund (XLY) 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 XLY?
Over the past 3 years, HLT and XLY moved with a correlation of 0.53, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.53 over 3 years. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 215.9 %².
By 3-year correlation, XLY places #20 of the 40 assets tracked against HLT. Correlation aside, the last 12 months split them widely, with HLT ahead by 18.2 points (+18.1% versus -0.1%). Across three years, the rolling one-year figure varied moderately, from 0.23 to 0.72.
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 XLY: side by side
| HLT (Hilton Worldwide) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +18.1% | -0.1% |
| 5-year return | +162.7% | +31.8% |
| Volatility (ann.) | 20.7% | 19.7% |
| Beta vs S&P 500 | 0.85 | 1.15 |
| Max drawdown (3Y) | -26.4% | -26.0% |
| Market cap | $73.3B | – |
| P/E (trailing) | 47.8 | – |
| Dividend yield | 0.18% | 0.78% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $22.5B |
| Sector / category | Consumer Discretionary | Sector ETF |
XLY is a Consumer Cyclical fund from State Street Investment Management: $22.5B under management, 47 holdings, a 0.08% expense ratio, a 0.78% trailing dividend yield.
Year-by-year returns
| Year | HLT | XLY |
|---|---|---|
| 2022 | -18.7% | -36.3% |
| 2023 | +44.7% | +39.6% |
| 2024 | +36.1% | +26.5% |
| 2025 | +16.5% | +7.4% |
| 2026 | +13.5% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that XLY holds HLT at a 1.89% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are HLT and XLY good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HLT and XLY?
As of 2026-08-27, the correlation of weekly returns between HLT and XLY is 0.53 over 3 years, 0.20 over 1 year and 0.63 over 5 years.
Is XLY a good diversifier for HLT?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 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-xly.json
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Related comparisons
Hubs: HLT correlations · XLY correlations
