MTN vs SHO: Correlation
Measured on weekly returns over the past three years, Vail Resorts, Inc. (MTN) and Sunstone Hotel Investors, Inc. (SHO) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTN and SHO?
Across a 3-year window, the weekly returns of MTN and SHO correlate at 0.44, moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.44). Stretching to 5 years gives 0.50, with an annualized covariance of 299.4 %².
Among the 11 assets we track against MTN, SHO ranks #5 by 3-year correlation. The last year tells two different stories: SHO led by 26.8 percentage points, -5.4% for MTN 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.
MTN vs SHO: side by side
| MTN (Vail Resorts, Inc.) | SHO (Sunstone Hotel Investors, Inc.) | |
|---|---|---|
| 1-year return | -5.4% | +21.4% |
| 5-year return | -41.0% | +10.7% |
| Volatility (ann.) | 29.1% | 23.4% |
| Beta vs S&P 500 | 0.68 | 0.76 |
| Max drawdown (3Y) | -45.7% | -36.6% |
| Market cap | $5.2B | $2.1B |
| P/E (trailing) | 32.1 | 50.9 |
| Dividend yield | 5.97% | 3.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTN | SHO |
|---|---|---|
| 2022 | -24.9% | -16.8% |
| 2023 | -7.1% | +14.4% |
| 2024 | -8.0% | +13.9% |
| 2025 | -24.9% | -21.5% |
| 2026 | +12.5% | +27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTN and SHO good diversifiers for each other?
Reasonably. At 0.44, MTN and SHO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MTN and SHO?
The MTN/SHO correlation stands at 0.44 on a 3-year window (1 year: 0.26, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is SHO a good diversifier for MTN?
Reasonably. At 0.44, MTN and SHO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: MTN correlations · SHO correlations
