RHP vs XHR: Correlation
Ryman Hospitality Properties, Inc. (REIT) (RHP) and Xenia Hotels & Resorts, Inc. (XHR) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RHP and XHR?
On 3 years of weekly data the RHP/XHR correlation comes out at 0.73, strong. Recent behaviour matches the longer record: 0.81 over 1 year against 0.73 over 3. The 5-year figure is 0.81, and annualized covariance runs at 513.3 %².
Within RHP's tracked universe of 14 assets, XHR comes in at #4 by 3-year correlation. Twelve-month performance is nearly a tie, at +36.4% for RHP and +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.
RHP vs XHR: side by side
| RHP (Ryman Hospitality Properties, Inc. (REIT)) | XHR (Xenia Hotels & Resorts, Inc.) | |
|---|---|---|
| 1-year return | +36.4% | +40.2% |
| 5-year return | +87.5% | +29.3% |
| Volatility (ann.) | 23.4% | 30.0% |
| Beta vs S&P 500 | 0.65 | 0.97 |
| Max drawdown (3Y) | -32.1% | -42.5% |
| Market cap | $8.9B | $1.9B |
| P/E (trailing) | 31.6 | – |
| Dividend yield | 3.64% | 2.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RHP | XHR |
|---|---|---|
| 2022 | -10.7% | -26.1% |
| 2023 | +40.4% | +6.7% |
| 2024 | -1.1% | +12.7% |
| 2025 | -4.8% | -0.7% |
| 2026 | +39.6% | +38.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RHP and XHR good diversifiers for each other?
To a limited degree. At 0.73 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 RHP and XHR?
The RHP/XHR correlation stands at 0.73 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 RHP?
To a limited degree. At 0.73 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 0.73 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/rhp-vs-xhr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rhp-vs-xhr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RHP correlations · XHR correlations
