DRH vs PEB: Correlation
How closely do Diamondrock Hospitality Company (DRH) and Pebblebrook Hotel Trust (PEB) trade together? Their weekly returns over three years give a correlation of 0.79, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRH and PEB?
On 3 years of weekly data the DRH/PEB correlation comes out at 0.79, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. The 5-year figure is 0.84, and annualized covariance runs at 703.2 %².
By 3-year correlation, PEB places #7 of the 20 assets tracked against DRH. The trailing year gives PEB the advantage: +53.8% versus +63.1%, a 9.3-point spread.
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.
DRH vs PEB: side by side
| DRH (Diamondrock Hospitality Company) | PEB (Pebblebrook Hotel Trust) | |
|---|---|---|
| 1-year return | +53.8% | +63.1% |
| 5-year return | +60.8% | -14.2% |
| Volatility (ann.) | 25.1% | 35.5% |
| Beta vs S&P 500 | 0.80 | 1.16 |
| Max drawdown (3Y) | -31.9% | -53.4% |
| Market cap | $2.6B | $2.1B |
| P/E (trailing) | 17.6 | – |
| Dividend yield | 3.84% | 0.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRH | PEB |
|---|---|---|
| 2022 | -13.8% | -40.0% |
| 2023 | +16.3% | +19.7% |
| 2024 | -0.3% | -15.0% |
| 2025 | +3.7% | -16.1% |
| 2026 | +44.1% | +61.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRH and PEB good diversifiers for each other?
To a limited degree. At 0.79 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 DRH and PEB?
As of 2026-08-27, the correlation of weekly returns between DRH and PEB is 0.79 over 3 years, 0.76 over 1 year and 0.84 over 5 years.
Is PEB a good diversifier for DRH?
To a limited degree. At 0.79 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 0.79 mean?
A reading of 0.79 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/drh-vs-peb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/drh-vs-peb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DRH correlations · PEB correlations
