INN vs SHO: Correlation
Summit Hotel Properties, Inc. (INN) and Sunstone Hotel Investors, Inc. (SHO) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INN and SHO?
On 3 years of weekly data the INN/SHO correlation comes out at 0.74, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.74 over 3. The 5-year figure is 0.78, and annualized covariance runs at 601.8 %².
Few assets follow INN as closely as SHO, which ranks #3 of 14 tracked partners. Over the last 12 months SHO came out ahead by 7.4 percentage points (+14.0% against +21.4%).
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.
INN vs SHO: side by side
| INN (Summit Hotel Properties, Inc.) | SHO (Sunstone Hotel Investors, Inc.) | |
|---|---|---|
| 1-year return | +14.0% | +21.4% |
| 5-year return | -22.7% | +10.7% |
| Volatility (ann.) | 34.6% | 23.4% |
| Beta vs S&P 500 | 1.06 | 0.76 |
| Max drawdown (3Y) | -46.3% | -36.6% |
| Market cap | $0.6B | $2.1B |
| P/E (trailing) | – | 50.9 |
| Dividend yield | 5.34% | 3.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INN | SHO |
|---|---|---|
| 2022 | -25.3% | -16.8% |
| 2023 | -3.7% | +14.4% |
| 2024 | +6.9% | +13.9% |
| 2025 | -24.5% | -21.5% |
| 2026 | +27.0% | +27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INN and SHO good diversifiers for each other?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between INN and SHO?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.71 over the last year and 0.78 over 5 years.
Is SHO a good diversifier for INN?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.74 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/inn-vs-sho.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/inn-vs-sho/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INN correlations · SHO correlations
