APLE vs HST: Correlation
How closely do Apple Hospitality REIT, Inc. (APLE) and Host Hotels & Resorts (HST) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLE and HST?
Over the past 3 years, APLE and HST moved with a correlation of 0.75, which is strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 416.6 %².
Among the 16 assets we track against APLE, HST ranks #6 by 3-year correlation. Twelve-month performance is nearly a tie, at +34.4% for APLE and +39.2% for HST.
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 HST: side by side
| APLE (Apple Hospitality REIT, Inc.) | HST (Host Hotels & Resorts) | |
|---|---|---|
| 1-year return | +34.4% | +39.2% |
| 5-year return | +50.0% | +73.4% |
| Volatility (ann.) | 22.9% | 24.2% |
| Beta vs S&P 500 | 0.74 | 0.78 |
| Max drawdown (3Y) | -33.0% | -36.0% |
| Market cap | $3.9B | $15.5B |
| P/E (trailing) | 22.5 | 15.1 |
| Dividend yield | 5.80% | 3.57% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | APLE | HST |
|---|---|---|
| 2022 | +2.4% | -4.6% |
| 2023 | +12.3% | +27.6% |
| 2024 | -1.3% | -5.5% |
| 2025 | -16.6% | +7.2% |
| 2026 | +44.5% | +32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLE and HST good diversifiers for each other?
Only partially. A correlation of 0.75 means APLE and HST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between APLE and HST?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.74 over the last year and 0.81 over 5 years.
Is HST a good diversifier for APLE?
Only partially. A correlation of 0.75 means APLE and HST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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/aple-vs-hst.json
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Related comparisons
Hubs: APLE correlations · HST correlations
