HST vs PEB: Correlation
Measured on weekly returns over the past three years, Host Hotels & Resorts (HST) and Pebblebrook Hotel Trust (PEB) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HST and PEB?
Across a 3-year window, the weekly returns of HST and PEB correlate at 0.79, strong. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. Stretching to 5 years gives 0.84, with an annualized covariance of 676.8 %².
Among the 37 assets we track against HST, PEB ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PEB outperformed by 23.9 percentage points (+39.2% for HST against +63.1% for PEB).
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 PEB: side by side
| HST (Host Hotels & Resorts) | PEB (Pebblebrook Hotel Trust) | |
|---|---|---|
| 1-year return | +39.2% | +63.1% |
| 5-year return | +73.4% | -14.2% |
| Volatility (ann.) | 24.2% | 35.5% |
| Beta vs S&P 500 | 0.78 | 1.16 |
| Max drawdown (3Y) | -36.0% | -53.4% |
| Market cap | $15.5B | $2.1B |
| P/E (trailing) | 15.1 | – |
| Dividend yield | 3.57% | 0.22% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | HST | PEB |
|---|---|---|
| 2022 | -4.6% | -40.0% |
| 2023 | +27.6% | +19.7% |
| 2024 | -5.5% | -15.0% |
| 2025 | +7.2% | -16.1% |
| 2026 | +32.2% | +61.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HST and PEB good diversifiers for each other?
Only partially. A correlation of 0.79 means HST and PEB 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 HST and PEB?
As of 2026-08-27, the correlation of weekly returns between HST and PEB is 0.79 over 3 years, 0.77 over 1 year and 0.84 over 5 years.
Is PEB a good diversifier for HST?
Only partially. A correlation of 0.79 means HST and PEB 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?
A reading of 0.79 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HST correlations · PEB correlations
