DRH vs XHR: Correlation
How closely do Diamondrock Hospitality Company (DRH) and Xenia Hotels & Resorts, Inc. (XHR) 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 XHR?
Across a 3-year window, the weekly returns of DRH and XHR correlate at 0.79, strong. Recent behaviour matches the longer record: 0.78 over 1 year against 0.79 over 3. Stretching to 5 years gives 0.84, with an annualized covariance of 592.4 %².
Among the 20 assets we track against DRH, XHR ranks #8 by 3-year correlation. On 12-month performance DRH holds a 13.6-point edge, +53.8% against +40.2%.
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 XHR: side by side
| DRH (Diamondrock Hospitality Company) | XHR (Xenia Hotels & Resorts, Inc.) | |
|---|---|---|
| 1-year return | +53.8% | +40.2% |
| 5-year return | +60.8% | +29.3% |
| Volatility (ann.) | 25.1% | 30.0% |
| Beta vs S&P 500 | 0.80 | 0.97 |
| Max drawdown (3Y) | -31.9% | -42.5% |
| Market cap | $2.6B | $1.9B |
| P/E (trailing) | 17.6 | – |
| Dividend yield | 3.84% | 2.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRH | XHR |
|---|---|---|
| 2022 | -13.8% | -26.1% |
| 2023 | +16.3% | +6.7% |
| 2024 | -0.3% | +12.7% |
| 2025 | +3.7% | -0.7% |
| 2026 | +44.1% | +38.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRH and XHR good diversifiers for each other?
Only partially. A correlation of 0.79 means DRH and XHR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DRH and XHR?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.78 over the last year and 0.84 over 5 years.
Is XHR a good diversifier for DRH?
Only partially. A correlation of 0.79 means DRH and XHR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 mean?
On the −1 to +1 scale, 0.79 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/drh-vs-xhr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/drh-vs-xhr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DRH correlations · XHR correlations
