MAR vs TNL: Correlation
Marriott International (MAR) and Travel Leisure Co. (TNL) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAR and TNL?
Over the past 3 years, MAR and TNL moved with a correlation of 0.65, which is strong. The link has loosened recently: the 1-year correlation (0.49) runs below the 3-year figure (0.65). Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 480.6 %².
By 3-year correlation, TNL places #4 of the 40 assets tracked against MAR. On 12-month performance MAR holds a 13.1-point edge, +32.3% against +19.2%.
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.
MAR vs TNL: side by side
| MAR (Marriott International) | TNL (Travel Leisure Co.) | |
|---|---|---|
| 1-year return | +32.3% | +19.2% |
| 5-year return | +173.2% | +59.9% |
| Volatility (ann.) | 24.6% | 30.1% |
| Beta vs S&P 500 | 0.97 | 1.19 |
| Max drawdown (3Y) | -30.5% | -32.2% |
| Market cap | $92.3B | $4.4B |
| P/E (trailing) | 36.7 | 19.9 |
| Dividend yield | 0.76% | 3.15% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | MAR | TNL |
|---|---|---|
| 2022 | -9.3% | -31.7% |
| 2023 | +53.1% | +12.5% |
| 2024 | +24.9% | +34.8% |
| 2025 | +12.3% | +45.5% |
| 2026 | +14.7% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAR and TNL good diversifiers for each other?
To a limited degree. At 0.65 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 MAR and TNL?
As of 2026-08-27, the correlation of weekly returns between MAR and TNL is 0.65 over 3 years, 0.49 over 1 year and 0.72 over 5 years.
Is TNL a good diversifier for MAR?
To a limited degree. At 0.65 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 0.65 mean?
A reading of 0.65 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/mar-vs-tnl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mar-vs-tnl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MAR correlations · TNL correlations
