BHR vs DEI: Correlation
Braemar Hotels & Resorts Inc. (BHR) and Douglas Emmett, Inc. (DEI) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHR and DEI?
Across a 3-year window, the weekly returns of BHR and DEI correlate at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 1035.9 %².
DEI is one of the assets that tracks BHR most closely: it ranks #1 out of the 12 assets we track against BHR. Neither side won the trailing year by much: -21.4% against -21.1%. One caveat on sizing: BHR is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BHR vs DEI: side by side
| BHR (Braemar Hotels & Resorts Inc.) | DEI (Douglas Emmett, Inc.) | |
|---|---|---|
| 1-year return | -21.4% | -21.1% |
| 5-year return | -47.8% | -52.6% |
| Volatility (ann.) | 55.4% | 35.7% |
| Beta vs S&P 500 | 1.17 | 0.99 |
| Max drawdown (3Y) | -49.7% | -51.8% |
| Market cap | $0.2B | $2.4B |
| P/E (trailing) | – | – |
| Dividend yield | 4.88% | 6.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHR | DEI |
|---|---|---|
| 2022 | -17.9% | -50.9% |
| 2023 | -35.2% | -1.9% |
| 2024 | +29.6% | +34.6% |
| 2025 | +3.0% | -37.5% |
| 2026 | -27.9% | +12.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHR and DEI good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BHR and DEI?
As of 2026-08-27, the correlation of weekly returns between BHR and DEI is 0.52 over 3 years, 0.46 over 1 year and 0.49 over 5 years.
Is DEI a good diversifier for BHR?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 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/bhr-vs-dei.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bhr-vs-dei/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BHR correlations · DEI correlations
