AHT vs PK: Correlation
How closely do Ashford Hospitality Trust Inc (AHT) and Park Hotels & Resorts Inc. (PK) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHT and PK?
Over the past 3 years, AHT and PK moved with a correlation of 0.40, which is moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.40). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 863.9 %².
Within AHT's tracked universe of 11 assets, PK comes in at #4 by 3-year correlation. The last year tells two different stories: PK led by 88.8 percentage points, -45.4% for AHT against +43.4% for PK. Note the risk asymmetry: AHT runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PK: side by side
| AHT (Ashford Hospitality Trust Inc) | PK (Park Hotels & Resorts Inc.) | |
|---|---|---|
| 1-year return | -45.4% | +43.4% |
| 5-year return | -97.7% | +21.9% |
| Volatility (ann.) | 67.7% | 31.8% |
| Beta vs S&P 500 | 1.08 | 0.99 |
| Max drawdown (3Y) | -91.5% | -44.8% |
| Market cap | – | $3.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 6.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHT | PK |
|---|---|---|
| 2022 | -53.4% | -36.0% |
| 2023 | -56.6% | +49.4% |
| 2024 | -62.9% | +1.0% |
| 2025 | -40.8% | -18.4% |
| 2026 | -21.6% | +56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHT and PK good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AHT and PK?
As of 2026-08-27, the correlation of weekly returns between AHT and PK is 0.40 over 3 years, 0.19 over 1 year and 0.53 over 5 years.
Is PK a good diversifier for AHT?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aht-vs-pk.json
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Related comparisons
Hubs: AHT correlations · PK correlations
