APLE vs RBA: Correlation
Apple Hospitality REIT, Inc. (APLE) and RB Global, Inc. (RBA) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLE and RBA?
On 3 years of weekly data the APLE/RBA correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 281.3 %².
By 3-year correlation, RBA places #11 of the 16 assets tracked against APLE. Their recent paths diverged sharply: over the last 12 months APLE outperformed by 59.7 percentage points (+34.4% for APLE against -25.3% for RBA).
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 RBA: side by side
| APLE (Apple Hospitality REIT, Inc.) | RBA (RB Global, Inc.) | |
|---|---|---|
| 1-year return | +34.4% | -25.3% |
| 5-year return | +50.0% | +48.6% |
| Volatility (ann.) | 22.9% | 28.2% |
| Beta vs S&P 500 | 0.74 | 0.69 |
| Max drawdown (3Y) | -33.0% | -30.9% |
| Market cap | $3.9B | $15.9B |
| P/E (trailing) | 22.5 | 36.9 |
| Dividend yield | 5.80% | 1.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APLE | RBA |
|---|---|---|
| 2022 | +2.4% | -3.9% |
| 2023 | +12.3% | +20.3% |
| 2024 | -1.3% | +36.8% |
| 2025 | -16.6% | +14.7% |
| 2026 | +44.5% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLE and RBA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APLE and RBA?
As of 2026-08-27, the correlation of weekly returns between APLE and RBA is 0.44 over 3 years, 0.43 over 1 year and 0.32 over 5 years.
Is RBA a good diversifier for APLE?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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-rba.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aple-vs-rba/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APLE correlations · RBA correlations
