DRH vs SHO: Correlation
How closely do Diamondrock Hospitality Company (DRH) and Sunstone Hotel Investors, Inc. (SHO) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRH and SHO?
Over the past 3 years, DRH and SHO moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.81 over 1 year against 0.83 over 3. Over 5 years the correlation is 0.85, and the annualized covariance of weekly returns is 485.0 %².
Few assets follow DRH as closely as SHO, which ranks #3 of 20 tracked partners. Correlation aside, the last 12 months split them widely, with DRH ahead by 32.4 points (+53.8% versus +21.4%).
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 SHO: side by side
| DRH (Diamondrock Hospitality Company) | SHO (Sunstone Hotel Investors, Inc.) | |
|---|---|---|
| 1-year return | +53.8% | +21.4% |
| 5-year return | +60.8% | +10.7% |
| Volatility (ann.) | 25.1% | 23.4% |
| Beta vs S&P 500 | 0.80 | 0.76 |
| Max drawdown (3Y) | -31.9% | -36.6% |
| Market cap | $2.6B | $2.1B |
| P/E (trailing) | 17.6 | 50.9 |
| Dividend yield | 3.84% | 3.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRH | SHO |
|---|---|---|
| 2022 | -13.8% | -16.8% |
| 2023 | +16.3% | +14.4% |
| 2024 | -0.3% | +13.9% |
| 2025 | +3.7% | -21.5% |
| 2026 | +44.1% | +27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRH and SHO good diversifiers for each other?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between DRH and SHO?
The DRH/SHO correlation stands at 0.83 on a 3-year window (1 year: 0.81, 5 years: 0.85), computed from weekly returns as of 2026-08-27.
Is SHO a good diversifier for DRH?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.83 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/drh-vs-sho.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/drh-vs-sho/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DRH correlations · SHO correlations
