DRH vs PK: Correlation
Diamondrock Hospitality Company (DRH) and Park Hotels & Resorts Inc. (PK) show a very strong relationship: their 3-year correlation of weekly returns is 0.81.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRH and PK?
Across a 3-year window, the weekly returns of DRH and PK correlate at 0.81, very strong, meaning they move nearly in lockstep. Lately the two have drifted apart, with the 1-year correlation at 0.68 versus 0.81 over 3 years. Stretching to 5 years gives 0.86, with an annualized covariance of 646.9 %².
By 3-year correlation, PK places #4 of the 20 assets tracked against DRH. Over the last 12 months DRH came out ahead by 10.4 percentage points (+53.8% 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.
DRH vs PK: side by side
| DRH (Diamondrock Hospitality Company) | PK (Park Hotels & Resorts Inc.) | |
|---|---|---|
| 1-year return | +53.8% | +43.4% |
| 5-year return | +60.8% | +21.9% |
| Volatility (ann.) | 25.1% | 31.8% |
| Beta vs S&P 500 | 0.80 | 0.99 |
| Max drawdown (3Y) | -31.9% | -44.8% |
| Market cap | $2.6B | $3.2B |
| P/E (trailing) | 17.6 | – |
| Dividend yield | 3.84% | 6.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRH | PK |
|---|---|---|
| 2022 | -13.8% | -36.0% |
| 2023 | +16.3% | +49.4% |
| 2024 | -0.3% | +1.0% |
| 2025 | +3.7% | -18.4% |
| 2026 | +44.1% | +56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRH and PK good diversifiers for each other?
No: a correlation of 0.81 means DRH and PK tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between DRH and PK?
Using weekly returns as of 2026-08-27: 0.81 over 3 years, with 0.68 over the last year and 0.86 over 5 years.
Is PK a good diversifier for DRH?
No: a correlation of 0.81 means DRH and PK tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.81 mean?
A reading of 0.81 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-pk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/drh-vs-pk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DRH correlations · PK correlations
