H vs. IHG

Last updated Jun 4, 2026

H (Hyatt Hotels Corporation) and IHG (InterContinental Hotels Group PLC) are both stocks. Both operate in the Lodging industry within the Consumer Cyclical sector. Over the past 10 years, H returned 15.00%/yr vs 17.12%/yr for IHG. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

H vs. IHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hyatt Hotels Corporation (H) and InterContinental Hotels Group PLC (IHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, H achieves a 16.17% return, which is significantly higher than IHG's 14.98% return. Over the past 10 years, H has underperformed IHG with an annualized return of 15.00%, while IHG has yielded a comparatively higher 17.12% annualized return.

H

• 1D: 0.38%
• 1M: 16.94%
• YTD: 16.17%
• 6M: 15.48%
• 1Y: 40.49%
• 3Y*: 17.83%
• 5Y*: 19.00%
• 10Y*: 15.00%

IHG

• 1D: 1.45%
• 1M: 14.96%
• YTD: 14.98%
• 6M: 17.70%
• 1Y: 39.91%
• 3Y*: 34.74%
• 5Y*: 19.86%
• 10Y*: 17.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

H vs. IHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
H Hyatt Hotels Corporation	16.17%	2.56%	20.86%	44.76%	-5.68%	29.16%	-17.04%	34.06%	-7.36%	33.08%
IHG InterContinental Hotels Group PLC	14.98%	14.53%	39.13%	59.59%	-8.70%	0.14%	-5.17%	27.65%	-12.53%	50.75%

Correlation

The correlation between H and IHG is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Nov 6, 2009	0.61

The correlation between H and IHG has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.

Fundamentals

Market Cap H : $18.02B IHG : $24.68B
EPS H : -$0.35 IHG : $8.92
PS Ratio H : 2.87 IHG : 2.47
Total Revenue (TTM) H : $6.24B IHG : $10.13B
Gross Profit (TTM) H : $1.72B IHG : $4.63B
EBITDA (TTM) H : $567.00M IHG : $2.53B

Return for Risk

H vs. IHG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

H

H Risk / Return Rank: 74
H Sharpe Ratio Rank: 76
H Sortino Ratio Rank: 72
H Omega Ratio Rank: 68
H Calmar Ratio Rank: 75
H Martin Ratio Rank: 79

IHG

IHG Risk / Return Rank: 81
IHG Sharpe Ratio Rank: 82
IHG Sortino Ratio Rank: 81
IHG Omega Ratio Rank: 75
IHG Calmar Ratio Rank: 82
IHG Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

H vs. IHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hyatt Hotels Corporation (H) and InterContinental Hotels Group PLC (IHG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	H	IHG	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.56	-0.33
Sortino ratio: Return per unit of downside risk	1.90	2.41	-0.52
Omega ratio: Gain probability vs. loss probability	1.22	1.26	-0.04
Calmar ratio: Return relative to maximum drawdown	2.16	3.08	-0.92
Martin ratio: Return relative to average drawdown	6.25	9.17	-2.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

H vs. IHG - Sharpe Ratio Comparison

The current H Sharpe Ratio is 1.22, which is comparable to the IHG Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of H and IHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	H	IHG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	1.56	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.74	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.56	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.64	-0.26

Drawdowns

H vs. IHG - Drawdown Comparison

The maximum H drawdown since its inception was -60.54%, smaller than the maximum IHG drawdown of -77.84%. Use the drawdown chart below to compare losses from any high point for H and IHG.

Drawdown Indicators

	H	IHG	Difference
Max Drawdown Largest peak-to-trough decline	-60.54%	-77.84%	+17.30%
Max Drawdown (1Y) Largest decline over 1 year	-18.86%	-13.04%	-5.82%
Max Drawdown (3Y) Largest decline over 3 years	-37.28%	-28.92%	-8.36%
Max Drawdown (5Y) Largest decline over 5 years	-37.28%	-34.44%	-2.84%
Max Drawdown (10Y) Largest decline over 10 years	-60.54%	-59.29%	-1.25%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-13.30%	-13.87%	+0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.50%	4.36%	+2.14%

Volatility

H vs. IHG - Volatility Comparison

Hyatt Hotels Corporation (H) has a higher volatility of 9.24% compared to InterContinental Hotels Group PLC (IHG) at 6.77%. This indicates that H's price experiences larger fluctuations and is considered to be riskier than IHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	H	IHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.24%	6.77%	+2.47%
Volatility (6M) Calculated over the trailing 6-month period	26.13%	19.18%	+6.95%
Volatility (1Y) Calculated over the trailing 1-year period	33.36%	25.80%	+7.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.49%	26.84%	+7.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.25%	30.53%	+4.72%

Dividends

H vs. IHG - Dividend Comparison

H's dividend yield for the trailing twelve months is around 0.32%, less than IHG's 1.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
H Hyatt Hotels Corporation	0.32%	0.37%	0.38%	0.35%	0.00%	0.00%	0.27%	0.85%	0.89%	0.00%	0.00%	0.00%
IHG InterContinental Hotels Group PLC	1.15%	1.23%	1.26%	1.57%	2.22%	0.00%	0.00%	5.52%	1.97%	8.04%	30.47%	2.72%

Financials

H vs. IHG - Profitability Comparison

The chart below illustrates the profitability comparison between Hyatt Hotels Corporation and InterContinental Hotels Group PLC over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

H - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hyatt Hotels Corporation reported a gross profit of 803.00M and revenue of 1.75B. Therefore, the gross margin over that period was 45.9%.

IHG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, InterContinental Hotels Group PLC reported a gross profit of 979.00M and revenue of 2.67B. Therefore, the gross margin over that period was 36.7%.

H - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hyatt Hotels Corporation reported an operating income of 673.00M and revenue of 1.75B, resulting in an operating margin of 38.5%.

IHG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, InterContinental Hotels Group PLC reported an operating income of 575.00M and revenue of 2.67B, resulting in an operating margin of 21.5%.

H - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hyatt Hotels Corporation reported a net income of 38.00M and revenue of 1.75B, resulting in a net margin of 2.2%.

IHG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, InterContinental Hotels Group PLC reported a net income of 289.00M and revenue of 2.67B, resulting in a net margin of 10.8%.

Frequently Asked Questions

Can I hold both H and IHG in my portfolio?

H and IHG have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, H or IHG?

H has higher volatility (9.24%) compared to IHG (6.77%). In terms of maximum drawdown, H dropped -60.54% vs IHG's -77.84%.

Which has better risk-adjusted returns?

IHG currently has the higher Sharpe Ratio (1.56 vs 1.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.