AHT vs APLE: Correlation
Measured on weekly returns over the past three years, Ashford Hospitality Trust Inc (AHT) and Apple Hospitality REIT, Inc. (APLE) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHT and APLE?
Over the past 3 years, AHT and APLE moved with a correlation of 0.41, which is moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.41). Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 634.4 %².
In AHT's tracked universe of 11 assets, APLE sits right near the top at #1. The last year tells two different stories: APLE led by 79.8 percentage points, -45.4% for AHT against +34.4% for APLE. Risk is not evenly split, since AHT carries 3.0 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.
AHT vs APLE: side by side
| AHT (Ashford Hospitality Trust Inc) | APLE (Apple Hospitality REIT, Inc.) | |
|---|---|---|
| 1-year return | -45.4% | +34.4% |
| 5-year return | -97.7% | +50.0% |
| Volatility (ann.) | 67.7% | 22.9% |
| Beta vs S&P 500 | 1.08 | 0.74 |
| Max drawdown (3Y) | -91.5% | -33.0% |
| Market cap | – | $3.9B |
| P/E (trailing) | – | 22.5 |
| Dividend yield | 0.00% | 5.80% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHT | APLE |
|---|---|---|
| 2022 | -53.4% | +2.4% |
| 2023 | -56.6% | +12.3% |
| 2024 | -62.9% | -1.3% |
| 2025 | -40.8% | -16.6% |
| 2026 | -21.6% | +44.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHT and APLE good diversifiers for each other?
Reasonably. At 0.41, AHT and APLE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AHT and APLE?
As of 2026-08-27, the correlation of weekly returns between AHT and APLE is 0.41 over 3 years, 0.28 over 1 year and 0.54 over 5 years.
Is APLE a good diversifier for AHT?
Reasonably. At 0.41, AHT and APLE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/aht-vs-aple.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aht-vs-aple/)
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Related comparisons
Hubs: AHT correlations · APLE correlations
