TNL vs VAC: Correlation
How closely do Travel Leisure Co. (TNL) and Marriott Vacations Worldwide Corporation (VAC) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TNL and VAC?
Across a 3-year window, the weekly returns of TNL and VAC correlate at 0.64, strong. The link has loosened recently: the 1-year correlation (0.46) runs below the 3-year figure (0.64). Stretching to 5 years gives 0.69, with an annualized covariance of 886.8 %².
By 3-year correlation, VAC places #10 of the 34 assets tracked against TNL. Their recent paths diverged sharply: over the last 12 months VAC outperformed by 29.3 percentage points (+19.2% for TNL against +48.5% for VAC). Risk is not evenly split, since VAC carries 1.5 times the volatility of the other side.
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.
TNL vs VAC: side by side
| TNL (Travel Leisure Co.) | VAC (Marriott Vacations Worldwide Corporation) | |
|---|---|---|
| 1-year return | +19.2% | +48.5% |
| 5-year return | +59.9% | -13.2% |
| Volatility (ann.) | 30.1% | 46.3% |
| Beta vs S&P 500 | 1.19 | 1.45 |
| Max drawdown (3Y) | -32.2% | -55.7% |
| Market cap | $4.4B | $3.8B |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 3.15% | 2.78% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TNL | VAC |
|---|---|---|
| 2022 | -31.7% | -18.9% |
| 2023 | +12.5% | -35.2% |
| 2024 | +34.8% | +9.6% |
| 2025 | +45.5% | -32.7% |
| 2026 | +3.4% | +97.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TNL and VAC good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between TNL and VAC?
As of 2026-08-27, the correlation of weekly returns between TNL and VAC is 0.64 over 3 years, 0.46 over 1 year and 0.69 over 5 years.
Is VAC a good diversifier for TNL?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 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/tnl-vs-vac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tnl-vs-vac/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TNL correlations · VAC correlations
