AHT vs SBC: Correlation
Ashford Hospitality Trust Inc (AHT) and SBC Medical Group Holdings Incorporated (SBC) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHT and SBC?
On 3 years of weekly data the AHT/SBC correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.15 versus -0.20 over 3 years. The 5-year figure is -0.17, and annualized covariance runs at -1084.5 %².
SBC is close to the least connected end of AHT's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months SBC outperformed by 43.7 percentage points (-45.4% for AHT against -1.7% for SBC).
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 SBC: side by side
| AHT (Ashford Hospitality Trust Inc) | SBC (SBC Medical Group Holdings Incorporated) | |
|---|---|---|
| 1-year return | -45.4% | -1.7% |
| 5-year return | -97.7% | n/a |
| Volatility (ann.) | 67.7% | 81.1% |
| Beta vs S&P 500 | 1.08 | 0.56 |
| Max drawdown (3Y) | -91.5% | -82.1% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 8.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHT | SBC |
|---|---|---|
| 2022 | -53.4% | – |
| 2023 | -56.6% | +5.6% |
| 2024 | -62.9% | -48.4% |
| 2025 | -40.8% | -22.5% |
| 2026 | -21.6% | -4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHT and SBC good diversifiers for each other?
Yes. With a correlation of -0.20, AHT and SBC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AHT and SBC?
As of 2026-08-27, the correlation of weekly returns between AHT and SBC is -0.20 over 3 years, 0.15 over 1 year and -0.17 over 5 years.
Is SBC a good diversifier for AHT?
Yes. With a correlation of -0.20, AHT and SBC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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-sbc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aht-vs-sbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AHT correlations · SBC correlations
