HST vs PK: Correlation
Measured on weekly returns over the past three years, Host Hotels & Resorts (HST) and Park Hotels & Resorts Inc. (PK) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HST and PK?
Across a 3-year window, the weekly returns of HST and PK correlate at 0.80, very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.68) runs below the 3-year figure (0.80). Stretching to 5 years gives 0.85, with an annualized covariance of 614.9 %².
By 3-year correlation, PK places #4 of the 37 assets tracked against HST. Twelve-month performance is nearly a tie, at +39.2% for HST and +43.4% for PK.
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 PK: side by side
| HST (Host Hotels & Resorts) | PK (Park Hotels & Resorts Inc.) | |
|---|---|---|
| 1-year return | +39.2% | +43.4% |
| 5-year return | +73.4% | +21.9% |
| Volatility (ann.) | 24.2% | 31.8% |
| Beta vs S&P 500 | 0.78 | 0.99 |
| Max drawdown (3Y) | -36.0% | -44.8% |
| Market cap | $15.5B | $3.2B |
| P/E (trailing) | 15.1 | – |
| Dividend yield | 3.57% | 6.28% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | HST | PK |
|---|---|---|
| 2022 | -4.6% | -36.0% |
| 2023 | +27.6% | +49.4% |
| 2024 | -5.5% | +1.0% |
| 2025 | +7.2% | -18.4% |
| 2026 | +32.2% | +56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HST and PK good diversifiers for each other?
No: a correlation of 0.80 means HST and PK tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between HST and PK?
The HST/PK correlation stands at 0.80 on a 3-year window (1 year: 0.68, 5 years: 0.85), computed from weekly returns as of 2026-08-27.
Is PK a good diversifier for HST?
No: a correlation of 0.80 means HST and PK tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 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/hst-vs-pk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hst-vs-pk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HST correlations · PK correlations
