PEB vs XHR: Correlation
Pebblebrook Hotel Trust (PEB) and Xenia Hotels & Resorts, Inc. (XHR) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEB and XHR?
Over the past 3 years, PEB and XHR moved with a correlation of 0.75, which is strong. Recent behaviour matches the longer record: 0.81 over 1 year against 0.75 over 3. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 802.6 %².
Within PEB's tracked universe of 15 assets, XHR comes in at #7 by 3-year correlation. The last year tells two different stories: PEB led by 22.9 percentage points, +63.1% for PEB against +40.2% for XHR.
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 XHR: side by side
| PEB (Pebblebrook Hotel Trust) | XHR (Xenia Hotels & Resorts, Inc.) | |
|---|---|---|
| 1-year return | +63.1% | +40.2% |
| 5-year return | -14.2% | +29.3% |
| Volatility (ann.) | 35.5% | 30.0% |
| Beta vs S&P 500 | 1.16 | 0.97 |
| Max drawdown (3Y) | -53.4% | -42.5% |
| Market cap | $2.1B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.22% | 2.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEB | XHR |
|---|---|---|
| 2022 | -40.0% | -26.1% |
| 2023 | +19.7% | +6.7% |
| 2024 | -15.0% | +12.7% |
| 2025 | -16.1% | -0.7% |
| 2026 | +61.7% | +38.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEB and XHR good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PEB and XHR?
The PEB/XHR correlation stands at 0.75 on a 3-year window (1 year: 0.81, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is XHR a good diversifier for PEB?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
A reading of 0.75 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/peb-vs-xhr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/peb-vs-xhr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PEB correlations · XHR correlations
