PEB vs PK: Correlation
Measured on weekly returns over the past three years, Pebblebrook Hotel Trust (PEB) and Park Hotels & Resorts Inc. (PK) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEB and PK?
On 3 years of weekly data the PEB/PK correlation comes out at 0.79, strong. Little has changed lately, as the 1-year reading of 0.84 lands near the 3-year figure. The 5-year figure is 0.84, and annualized covariance runs at 893.0 %².
By 3-year correlation, PK places #5 of the 15 assets tracked against PEB. Correlation aside, the last 12 months split them widely, with PEB ahead by 19.7 points (+63.1% versus +43.4%).
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.
PEB vs PK: side by side
| PEB (Pebblebrook Hotel Trust) | PK (Park Hotels & Resorts Inc.) | |
|---|---|---|
| 1-year return | +63.1% | +43.4% |
| 5-year return | -14.2% | +21.9% |
| Volatility (ann.) | 35.5% | 31.8% |
| Beta vs S&P 500 | 1.16 | 0.99 |
| Max drawdown (3Y) | -53.4% | -44.8% |
| Market cap | $2.1B | $3.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.22% | 6.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEB | PK |
|---|---|---|
| 2022 | -40.0% | -36.0% |
| 2023 | +19.7% | +49.4% |
| 2024 | -15.0% | +1.0% |
| 2025 | -16.1% | -18.4% |
| 2026 | +61.7% | +56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEB and PK good diversifiers for each other?
Only partially. A correlation of 0.79 means PEB and PK 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 PEB and PK?
The PEB/PK correlation stands at 0.79 on a 3-year window (1 year: 0.84, 5 years: 0.84), computed from weekly returns as of 2026-08-27.
Is PK a good diversifier for PEB?
Only partially. A correlation of 0.79 means PEB and PK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 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
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Related comparisons
Hubs: PEB correlations · PK correlations
