HST vs PAPL: Correlation
Measured on weekly returns over the past three years, Host Hotels & Resorts (HST) and Pineapple Financial Inc. (PAPL) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HST and PAPL?
Across a 3-year window, the weekly returns of HST and PAPL correlate at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.19 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -828.6 %².
Among the 37 assets we track against HST, PAPL ranks #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HST ahead by 109.9 points (+39.2% versus -70.7%). One caveat on sizing: PAPL is 7.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
HST vs PAPL: side by side
| HST (Host Hotels & Resorts) | PAPL (Pineapple Financial Inc.) | |
|---|---|---|
| 1-year return | +39.2% | -70.7% |
| 5-year return | +73.4% | n/a |
| Volatility (ann.) | 24.2% | 181.2% |
| Beta vs S&P 500 | 0.78 | -0.73 |
| Max drawdown (3Y) | -36.0% | -99.4% |
| Market cap | $15.5B | – |
| P/E (trailing) | 15.1 | – |
| Dividend yield | 3.57% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | HST | PAPL |
|---|---|---|
| 2022 | -4.6% | – |
| 2023 | +27.6% | – |
| 2024 | -5.5% | -74.7% |
| 2025 | +7.2% | -84.4% |
| 2026 | +32.2% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HST and PAPL good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between HST and PAPL?
As of 2026-08-27, the correlation of weekly returns between HST and PAPL is -0.19 over 3 years, -0.12 over 1 year and n/a over 5 years.
Is PAPL a good diversifier for HST?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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/hst-vs-papl.json
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[](https://www.pairbook.io/pair/hst-vs-papl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HST correlations · PAPL correlations
