HST vs SHO: Correlation
Measured on weekly returns over the past three years, Host Hotels & Resorts (HST) and Sunstone Hotel Investors, Inc. (SHO) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HST and SHO?
Over the past 3 years, HST and SHO moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.85 lands near the 3-year figure. Over 5 years the correlation is 0.85, and the annualized covariance of weekly returns is 465.4 %².
SHO is one of the assets that tracks HST most closely: it ranks #3 out of the 37 assets we track against HST. Their recent paths diverged sharply: over the last 12 months HST outperformed by 17.8 percentage points (+39.2% for HST against +21.4% for SHO).
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 SHO: side by side
| HST (Host Hotels & Resorts) | SHO (Sunstone Hotel Investors, Inc.) | |
|---|---|---|
| 1-year return | +39.2% | +21.4% |
| 5-year return | +73.4% | +10.7% |
| Volatility (ann.) | 24.2% | 23.4% |
| Beta vs S&P 500 | 0.78 | 0.76 |
| Max drawdown (3Y) | -36.0% | -36.6% |
| Market cap | $15.5B | $2.1B |
| P/E (trailing) | 15.1 | 50.9 |
| Dividend yield | 3.57% | 3.21% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | HST | SHO |
|---|---|---|
| 2022 | -4.6% | -16.8% |
| 2023 | +27.6% | +14.4% |
| 2024 | -5.5% | +13.9% |
| 2025 | +7.2% | -21.5% |
| 2026 | +32.2% | +27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HST and SHO good diversifiers for each other?
No: a correlation of 0.82 means HST and SHO tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between HST and SHO?
As of 2026-08-27, the correlation of weekly returns between HST and SHO is 0.82 over 3 years, 0.85 over 1 year and 0.85 over 5 years.
Is SHO a good diversifier for HST?
No: a correlation of 0.82 means HST and SHO tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 mean?
A reading of 0.82 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-sho.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hst-vs-sho/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HST correlations · SHO correlations
