FRT vs HST: Correlation
Federal Realty Investment Trust (FRT) and Host Hotels & Resorts (HST) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and HST?
Across a 3-year window, the weekly returns of FRT and HST correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 251.4 %².
Within FRT's tracked universe of 46 assets, HST comes in at #29 by 3-year correlation. The last year tells two different stories: HST led by 17.6 percentage points, +21.6% for FRT against +39.2% for HST. The relationship is regime-dependent: the rolling one-year correlation swung between 0.05 and 0.71 over the past three years, so this pair behaves very differently depending on the market environment.
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.
FRT vs HST: side by side
| FRT (Federal Realty Investment Trust) | HST (Host Hotels & Resorts) | |
|---|---|---|
| 1-year return | +21.6% | +39.2% |
| 5-year return | +18.8% | +73.4% |
| Volatility (ann.) | 19.5% | 24.2% |
| Beta vs S&P 500 | 0.53 | 0.78 |
| Max drawdown (3Y) | -27.4% | -36.0% |
| Market cap | $10.2B | $15.5B |
| P/E (trailing) | 23.6 | 15.1 |
| Dividend yield | 3.84% | 3.57% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | FRT | HST |
|---|---|---|
| 2022 | -22.7% | -4.6% |
| 2023 | +6.6% | +27.6% |
| 2024 | +12.1% | -5.5% |
| 2025 | -5.9% | +7.2% |
| 2026 | +19.7% | +32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and HST good diversifiers for each other?
Only partially. A correlation of 0.53 means FRT and HST 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 FRT and HST?
As of 2026-08-27, the correlation of weekly returns between FRT and HST is 0.53 over 3 years, 0.59 over 1 year and 0.55 over 5 years.
Is HST a good diversifier for FRT?
Only partially. A correlation of 0.53 means FRT and HST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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/frt-vs-hst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frt-vs-hst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FRT correlations · HST correlations
