HST vs PLD: Correlation
Host Hotels & Resorts (HST) and Prologis (PLD) 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 HST and PLD?
Across a 3-year window, the weekly returns of HST and PLD correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.46, with an annualized covariance of 333.0 %².
Among the 37 assets we track against HST, PLD ranks #19 by 3-year correlation. On 12-month performance HST holds a 9.2-point edge, +39.2% against +30.0%. The rolling one-year correlation moved between 0.27 and 0.64 over the past three years, a moderate range.
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 PLD: side by side
| HST (Host Hotels & Resorts) | PLD (Prologis) | |
|---|---|---|
| 1-year return | +39.2% | +30.0% |
| 5-year return | +73.4% | +22.5% |
| Volatility (ann.) | 24.2% | 25.8% |
| Beta vs S&P 500 | 0.78 | 0.90 |
| Max drawdown (3Y) | -36.0% | -31.4% |
| Market cap | $15.5B | $137.9B |
| P/E (trailing) | 15.1 | 31.7 |
| Dividend yield | 3.57% | 2.92% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | HST | PLD |
|---|---|---|
| 2022 | -4.6% | -31.3% |
| 2023 | +27.6% | +21.6% |
| 2024 | -5.5% | -18.1% |
| 2025 | +7.2% | +25.1% |
| 2026 | +32.2% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HST and PLD good diversifiers for each other?
Only partially. A correlation of 0.53 means HST and PLD 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 PLD?
The HST/PLD correlation stands at 0.53 on a 3-year window (1 year: 0.47, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is PLD a good diversifier for HST?
Only partially. A correlation of 0.53 means HST and PLD 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?
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.
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Related comparisons
Hubs: HST correlations · PLD correlations
