PCAR vs TNL: Correlation
Measured on weekly returns over the past three years, Paccar (PCAR) and Travel Leisure Co. (TNL) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCAR and TNL?
On 3 years of weekly data the PCAR/TNL correlation comes out at 0.60, strong. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 433.7 %².
Few assets follow PCAR as closely as TNL, which ranks #2 of 27 tracked partners. Over the last 12 months PCAR came out ahead by 8.6 percentage points (+27.8% 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.
PCAR vs TNL: side by side
| PCAR (Paccar) | TNL (Travel Leisure Co.) | |
|---|---|---|
| 1-year return | +27.8% | +19.2% |
| 5-year return | +177.9% | +59.9% |
| Volatility (ann.) | 24.1% | 30.1% |
| Beta vs S&P 500 | 0.74 | 1.19 |
| Max drawdown (3Y) | -27.7% | -32.2% |
| Market cap | $66.6B | $4.4B |
| P/E (trailing) | 26.6 | 19.9 |
| Dividend yield | 1.04% | 3.15% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | PCAR | TNL |
|---|---|---|
| 2022 | +17.0% | -31.7% |
| 2023 | +55.0% | +12.5% |
| 2024 | +10.8% | +34.8% |
| 2025 | +8.0% | +45.5% |
| 2026 | +16.5% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCAR and TNL good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PCAR and TNL?
As of 2026-08-27, the correlation of weekly returns between PCAR and TNL is 0.60 over 3 years, 0.50 over 1 year and 0.53 over 5 years.
Is TNL a good diversifier for PCAR?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pcar-vs-tnl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pcar-vs-tnl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PCAR correlations · TNL correlations
