APLE vs PK: Correlation
Apple Hospitality REIT, Inc. (APLE) and Park Hotels & Resorts Inc. (PK) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLE and PK?
Across a 3-year window, the weekly returns of APLE and PK correlate at 0.80, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.79 over 1 year against 0.80 over 3. Stretching to 5 years gives 0.84, with an annualized covariance of 580.5 %².
Few assets follow APLE as closely as PK, which ranks #3 of 16 tracked partners. On 12-month performance PK holds a 9.0-point edge, +34.4% against +43.4%.
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 PK: side by side
| APLE (Apple Hospitality REIT, Inc.) | PK (Park Hotels & Resorts Inc.) | |
|---|---|---|
| 1-year return | +34.4% | +43.4% |
| 5-year return | +50.0% | +21.9% |
| Volatility (ann.) | 22.9% | 31.8% |
| Beta vs S&P 500 | 0.74 | 0.99 |
| Max drawdown (3Y) | -33.0% | -44.8% |
| Market cap | $3.9B | $3.2B |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 5.80% | 6.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APLE | PK |
|---|---|---|
| 2022 | +2.4% | -36.0% |
| 2023 | +12.3% | +49.4% |
| 2024 | -1.3% | +1.0% |
| 2025 | -16.6% | -18.4% |
| 2026 | +44.5% | +56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLE and PK good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between APLE and PK?
The APLE/PK correlation stands at 0.80 on a 3-year window (1 year: 0.79, 5 years: 0.84), computed from weekly returns as of 2026-08-27.
Is PK a good diversifier for APLE?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.80 mean?
A reading of 0.80 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-pk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aple-vs-pk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APLE correlations · PK correlations
