APLE vs DRH: Correlation
Apple Hospitality REIT, Inc. (APLE) and Diamondrock Hospitality Company (DRH) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLE and DRH?
On 3 years of weekly data the APLE/DRH correlation comes out at 0.79, strong. Recent behaviour matches the longer record: 0.78 over 1 year against 0.79 over 3. The 5-year figure is 0.85, and annualized covariance runs at 455.9 %².
By 3-year correlation, DRH places #4 of the 16 assets tracked against APLE. Their recent paths diverged sharply: over the last 12 months DRH outperformed by 19.4 percentage points (+34.4% for APLE against +53.8% for DRH).
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.
APLE vs DRH: side by side
| APLE (Apple Hospitality REIT, Inc.) | DRH (Diamondrock Hospitality Company) | |
|---|---|---|
| 1-year return | +34.4% | +53.8% |
| 5-year return | +50.0% | +60.8% |
| Volatility (ann.) | 22.9% | 25.1% |
| Beta vs S&P 500 | 0.74 | 0.80 |
| Max drawdown (3Y) | -33.0% | -31.9% |
| Market cap | $3.9B | $2.6B |
| P/E (trailing) | 22.5 | 17.6 |
| Dividend yield | 5.80% | 3.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APLE | DRH |
|---|---|---|
| 2022 | +2.4% | -13.8% |
| 2023 | +12.3% | +16.3% |
| 2024 | -1.3% | -0.3% |
| 2025 | -16.6% | +3.7% |
| 2026 | +44.5% | +44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLE and DRH good diversifiers for each other?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between APLE and DRH?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.78 over the last year and 0.85 over 5 years.
Is DRH a good diversifier for APLE?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.79 mean?
A reading of 0.79 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/aple-vs-drh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aple-vs-drh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APLE correlations · DRH correlations
