APLE vs INN: Correlation
Apple Hospitality REIT, Inc. (APLE) and Summit Hotel Properties, Inc. (INN) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLE and INN?
Across a 3-year window, the weekly returns of APLE and INN correlate at 0.73, strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.73 over 3. Stretching to 5 years gives 0.80, with an annualized covariance of 574.7 %².
Among the 16 assets we track against APLE, INN ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with APLE ahead by 20.4 points (+34.4% versus +14.0%). Risk is not evenly split, since INN carries 1.5 times the volatility of the other side.
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 INN: side by side
| APLE (Apple Hospitality REIT, Inc.) | INN (Summit Hotel Properties, Inc.) | |
|---|---|---|
| 1-year return | +34.4% | +14.0% |
| 5-year return | +50.0% | -22.7% |
| Volatility (ann.) | 22.9% | 34.6% |
| Beta vs S&P 500 | 0.74 | 1.06 |
| Max drawdown (3Y) | -33.0% | -46.3% |
| Market cap | $3.9B | $0.6B |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 5.80% | 5.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APLE | INN |
|---|---|---|
| 2022 | +2.4% | -25.3% |
| 2023 | +12.3% | -3.7% |
| 2024 | -1.3% | +6.9% |
| 2025 | -16.6% | -24.5% |
| 2026 | +44.5% | +27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLE and INN good diversifiers for each other?
Only partially. A correlation of 0.73 means APLE and INN 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 INN?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.68 over the last year and 0.80 over 5 years.
Is INN a good diversifier for APLE?
Only partially. A correlation of 0.73 means APLE and INN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 mean?
A reading of 0.73 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-inn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aple-vs-inn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APLE correlations · INN correlations
