SHO vs XHR: Correlation
Measured on weekly returns over the past three years, Sunstone Hotel Investors, Inc. (SHO) and Xenia Hotels & Resorts, Inc. (XHR) 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 SHO and XHR?
On 3 years of weekly data the SHO/XHR correlation comes out at 0.79, strong. Little has changed lately, as the 1-year reading of 0.83 lands near the 3-year figure. The 5-year figure is 0.83, and annualized covariance runs at 551.0 %².
By 3-year correlation, XHR places #4 of the 14 assets tracked against SHO. Correlation aside, the last 12 months split them widely, with XHR ahead by 18.8 points (+21.4% versus +40.2%).
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.
SHO vs XHR: side by side
| SHO (Sunstone Hotel Investors, Inc.) | XHR (Xenia Hotels & Resorts, Inc.) | |
|---|---|---|
| 1-year return | +21.4% | +40.2% |
| 5-year return | +10.7% | +29.3% |
| Volatility (ann.) | 23.4% | 30.0% |
| Beta vs S&P 500 | 0.76 | 0.97 |
| Max drawdown (3Y) | -36.6% | -42.5% |
| Market cap | $2.1B | $1.9B |
| P/E (trailing) | 50.9 | – |
| Dividend yield | 3.21% | 2.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SHO | XHR |
|---|---|---|
| 2022 | -16.8% | -26.1% |
| 2023 | +14.4% | +6.7% |
| 2024 | +13.9% | +12.7% |
| 2025 | -21.5% | -0.7% |
| 2026 | +27.4% | +38.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHO and XHR good diversifiers for each other?
Only partially. A correlation of 0.79 means SHO and XHR 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 SHO and XHR?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.83 over the last year and 0.83 over 5 years.
Is XHR a good diversifier for SHO?
Only partially. A correlation of 0.79 means SHO and XHR 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
$ curl https://www.pairbook.io/api/v1/pairs/sho-vs-xhr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sho-vs-xhr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SHO correlations · XHR correlations
