APLE vs MTN: Correlation
How closely do Apple Hospitality REIT, Inc. (APLE) and Vail Resorts, Inc. (MTN) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLE and MTN?
Across a 3-year window, the weekly returns of APLE and MTN correlate at 0.49, moderate. The past 12 months show a weaker link (0.35) than the 3-year average (0.49). Stretching to 5 years gives 0.52, with an annualized covariance of 324.2 %².
By 3-year correlation, MTN places #9 of the 16 assets tracked against APLE. Their recent paths diverged sharply: over the last 12 months APLE outperformed by 39.8 percentage points (+34.4% for APLE against -5.4% for MTN).
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 MTN: side by side
| APLE (Apple Hospitality REIT, Inc.) | MTN (Vail Resorts, Inc.) | |
|---|---|---|
| 1-year return | +34.4% | -5.4% |
| 5-year return | +50.0% | -41.0% |
| Volatility (ann.) | 22.9% | 29.1% |
| Beta vs S&P 500 | 0.74 | 0.68 |
| Max drawdown (3Y) | -33.0% | -45.7% |
| Market cap | $3.9B | $5.2B |
| P/E (trailing) | 22.5 | 32.1 |
| Dividend yield | 5.80% | 5.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APLE | MTN |
|---|---|---|
| 2022 | +2.4% | -24.9% |
| 2023 | +12.3% | -7.1% |
| 2024 | -1.3% | -8.0% |
| 2025 | -16.6% | -24.9% |
| 2026 | +44.5% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLE and MTN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APLE and MTN?
As of 2026-08-27, the correlation of weekly returns between APLE and MTN is 0.49 over 3 years, 0.35 over 1 year and 0.52 over 5 years.
Is MTN a good diversifier for APLE?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aple-vs-mtn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aple-vs-mtn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APLE correlations · MTN correlations
