AHT vs. ESRT
AHT (Ashford Hospitality Trust, Inc.) and ESRT (Empire State Realty Trust, Inc.) are both stocks. Both are in the Real Estate sector — AHT in REIT - Hotel & Motel, ESRT in REIT - Diversified. Over the past 10 years, AHT returned -51.33%/yr vs -10.19%/yr for ESRT. At a 0.39 correlation, their price movements are largely independent.
Performance
AHT vs. ESRT - Performance Comparison
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Returns By Period
In the year-to-date period, AHT achieves a -24.88% return, which is significantly lower than ESRT's -15.62% return. Over the past 10 years, AHT has underperformed ESRT with an annualized return of -51.33%, while ESRT has yielded a comparatively higher -10.19% annualized return.
AHT
- 1D
- -0.31%
- 1M
- 8.11%
- 6M
- -25.75%
- YTD
- -24.88%
- 1Y
- -54.87%
- 3Y*
- -57.12%
- 5Y*
- -57.54%
- 10Y*
- -51.33%
ESRT
- 1D
- 0.74%
- 1M
- 0.46%
- 6M
- -13.90%
- YTD
- -15.62%
- 1Y
- -32.27%
- 3Y*
- -11.05%
- 5Y*
- -13.50%
- 10Y*
- -10.19%
AHT vs. ESRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHT Ashford Hospitality Trust, Inc. | -24.88% | -40.75% | -62.94% | -56.60% | -53.44% | -62.93% | -90.72% | -22.08% | -35.34% | -6.44% |
ESRT Empire State Realty Trust, Inc. | -15.62% | -35.68% | 7.97% | 46.32% | -22.82% | -3.53% | -31.48% | 0.90% | -28.91% | 3.77% |
Correlation
The correlation between AHT and ESRT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2013 | 0.39 |
The correlation between AHT and ESRT shifts across timeframes, from 0.21 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AHT:
$20.72M
ESRT:
$931.03M
AHT:
-$36.02
ESRT:
$0.14
AHT:
0.02
ESRT:
1.88
AHT:
$1.09B
ESRT:
$778.07M
AHT:
-$67.55M
ESRT:
$77.93M
AHT:
$55.94M
ESRT:
$306.57M
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Return for Risk
AHT vs. ESRT — Risk / Return Rank
AHT
ESRT
AHT vs. ESRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ashford Hospitality Trust, Inc. (AHT) and Empire State Realty Trust, Inc. (ESRT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AHT | ESRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.84 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.84 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.25 | -1.40 | +0.15 |
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Drawdowns
AHT vs. ESRT - Drawdown Comparison
The maximum AHT drawdown since its inception was -99.96%, which is greater than ESRT's maximum drawdown of -72.91%. Use the drawdown chart below to compare losses from any high point for AHT and ESRT.
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Drawdown Indicators
| AHT | ESRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -72.91% | -27.05% |
Max Drawdown (1Y)Largest decline over 1 year | -63.47% | -38.90% | -24.57% |
Max Drawdown (3Y)Largest decline over 3 years | -93.52% | -55.39% | -38.13% |
Max Drawdown (5Y)Largest decline over 5 years | -98.80% | -55.39% | -43.41% |
Max Drawdown (10Y)Largest decline over 10 years | -99.96% | -72.91% | -27.05% |
Current DrawdownCurrent decline from peak | -99.96% | -70.04% | -29.92% |
Average DrawdownAverage peak-to-trough decline | -46.18% | -33.84% | -12.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.01% | 23.31% | +21.70% |
Volatility
AHT vs. ESRT - Volatility Comparison
Ashford Hospitality Trust, Inc. (AHT) and Empire State Realty Trust, Inc. (ESRT) have volatilities of 10.32% and 9.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHT | ESRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.32% | 9.98% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 30.82% | 23.90% | +6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.46% | 32.57% | +33.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.63% | 34.81% | +41.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 121.60% | 36.03% | +85.57% |
Dividends
AHT vs. ESRT - Dividend Comparison
AHT has not paid dividends to shareholders, while ESRT's dividend yield for the trailing twelve months is around 2.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHT Ashford Hospitality Trust, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 11.94% | 12.00% | 7.13% | 6.19% | 17.40% |
ESRT Empire State Realty Trust, Inc. | 2.58% | 2.15% | 1.36% | 1.44% | 2.08% | 1.18% | 2.25% | 3.01% | 2.95% | 2.05% | 1.98% | 1.88% |
Financials
AHT vs. ESRT - Financials Comparison
This section allows you to compare key financial metrics between Ashford Hospitality Trust, Inc. and Empire State Realty Trust, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AHT vs. ESRT - Profitability Comparison
AHT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Ashford Hospitality Trust, Inc. reported a gross profit of 0.00 and revenue of 267.73M. Therefore, the gross margin over that period was 0.0%.
ESRT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Empire State Realty Trust, Inc. reported a gross profit of 155.71M and revenue of 190.33M. Therefore, the gross margin over that period was 81.8%.
AHT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Ashford Hospitality Trust, Inc. reported an operating income of 13.25M and revenue of 267.73M, resulting in an operating margin of 5.0%.
ESRT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Empire State Realty Trust, Inc. reported an operating income of 29.46M and revenue of 190.33M, resulting in an operating margin of 15.5%.
AHT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Ashford Hospitality Trust, Inc. reported a net income of -63.95M and revenue of 267.73M, resulting in a net margin of -23.9%.
ESRT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Empire State Realty Trust, Inc. reported a net income of 1.24M and revenue of 190.33M, resulting in a net margin of 0.7%.
Frequently Asked Questions
AHT and ESRT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AHT has higher volatility (10.32%) compared to ESRT (9.98%). In terms of maximum drawdown, AHT dropped -99.96% vs ESRT's -72.91%.
AHT currently has the higher Sharpe Ratio (-0.84 vs -1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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