AHT vs ATEX: Correlation
Ashford Hospitality Trust Inc (AHT) and Anterix Inc. (ATEX) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHT and ATEX?
Over the past 3 years, AHT and ATEX moved with a correlation of 0.37, which is moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.37). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 1445.8 %².
By 3-year correlation, ATEX places #6 of the 11 assets tracked against AHT. Their recent paths diverged sharply: over the last 12 months ATEX outperformed by 345.9 percentage points (-45.4% for AHT against +300.5% for ATEX).
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 ATEX: side by side
| AHT (Ashford Hospitality Trust Inc) | ATEX (Anterix Inc.) | |
|---|---|---|
| 1-year return | -45.4% | +300.5% |
| 5-year return | -97.7% | +66.1% |
| Volatility (ann.) | 67.7% | 57.8% |
| Beta vs S&P 500 | 1.08 | 0.47 |
| Max drawdown (3Y) | -91.5% | -57.3% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | 27.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHT | ATEX |
|---|---|---|
| 2022 | -53.4% | -45.3% |
| 2023 | -56.6% | +3.6% |
| 2024 | -62.9% | -8.0% |
| 2025 | -40.8% | -28.8% |
| 2026 | -21.6% | +333.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHT and ATEX good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AHT and ATEX?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.17 over the last year and 0.30 over 5 years.
Is ATEX a good diversifier for AHT?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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/aht-vs-atex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aht-vs-atex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AHT correlations · ATEX correlations
