HST vs XLRE: Correlation
How closely do Host Hotels & Resorts (HST) and Real Estate Select Sector SPDR Fund (XLRE) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HST and XLRE?
Across a 3-year window, the weekly returns of HST and XLRE correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 215.1 %².
Among the 37 assets we track against HST, XLRE ranks #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HST ahead by 29.7 points (+39.2% versus +9.5%). The rolling one-year correlation moved between 0.35 and 0.66 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 XLRE: side by side
| HST (Host Hotels & Resorts) | XLRE (Real Estate Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +39.2% | +9.5% |
| 5-year return | +73.4% | +11.4% |
| Volatility (ann.) | 24.2% | 16.7% |
| Beta vs S&P 500 | 0.78 | 0.57 |
| Max drawdown (3Y) | -36.0% | -16.6% |
| Market cap | $15.5B | – |
| P/E (trailing) | 15.1 | – |
| Dividend yield | 3.57% | 3.12% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $8.6B |
| Sector / category | Real Estate | Sector ETF |
On the fund side, XLRE sits in the Real Estate category at State Street Investment Management, with $8.6B under management, 31 holdings, a 0.08% expense ratio, a 3.12% trailing dividend yield.
Year-by-year returns
| Year | HST | XLRE |
|---|---|---|
| 2022 | -4.6% | -26.2% |
| 2023 | +27.6% | +12.4% |
| 2024 | -5.5% | +5.1% |
| 2025 | +7.2% | +2.6% |
| 2026 | +32.2% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that XLRE holds HST at a 1.44% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are HST and XLRE good diversifiers for each other?
Only partially. A correlation of 0.53 means HST and XLRE 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 XLRE?
As of 2026-08-27, the correlation of weekly returns between HST and XLRE is 0.53 over 3 years, 0.47 over 1 year and 0.51 over 5 years.
Is XLRE a good diversifier for HST?
Only partially. A correlation of 0.53 means HST and XLRE 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hst-vs-xlre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hst-vs-xlre/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HST correlations · XLRE correlations
