HST vs. 0823.HK

Last updated Jun 9, 2026

HST (Host Hotels & Resorts, Inc.) and 0823.HK (Link Real Estate Investment Trust) are both stocks. Both are in the Real Estate sector — HST in REIT - Hotel & Motel, 0823.HK in REIT - Retail. Over the past 10 years, HST returned 8.96%/yr vs 2.55%/yr for 0823.HK. At a 0.06 correlation, their price movements are largely independent.

Performance

HST vs. 0823.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Host Hotels & Resorts, Inc. (HST) and Link Real Estate Investment Trust (0823.HK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HST is traded in USD, while 0823.HK is traded in HKD. To make them comparable, the 0823.HK values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HST achieves a 39.32% return, which is significantly higher than 0823.HK's 11.17% return. Over the past 10 years, HST has outperformed 0823.HK with an annualized return of 8.96%, while 0823.HK has yielded a comparatively lower 2.55% annualized return.

HST

• 1D: -0.73%
• 1M: 9.74%
• YTD: 39.32%
• 6M: 47.27%
• 1Y: 63.72%
• 3Y*: 17.41%
• 5Y*: 10.91%
• 10Y*: 8.96%

0823.HK

• 1D: -0.19%
• 1M: -5.33%
• YTD: 11.17%
• 6M: 10.38%
• 1Y: -0.17%
• 3Y*: -0.13%
• 5Y*: -6.89%
• 10Y*: 2.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HST vs. 0823.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HST Host Hotels & Resorts, Inc.	39.32%	7.21%	-5.48%	27.61%	-4.62%	18.87%	-19.71%	16.65%	-12.15%	10.22%
0823.HK Link Real Estate Investment Trust	11.17%	12.99%	-18.31%	-18.82%	-12.50%	0.71%	-10.44%	7.90%	13.05%	47.81%

Correlation

The correlation between HST and 0823.HK is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jun 27, 2007	0.06

The correlation between HST and 0823.HK shifts across timeframes, from -0.03 (1 year) to 0.10 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

HST vs. 0823.HK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HST

HST Risk / Return Rank: 93
HST Sharpe Ratio Rank: 94
HST Sortino Ratio Rank: 94
HST Omega Ratio Rank: 90
HST Calmar Ratio Rank: 95
HST Martin Ratio Rank: 95

0823.HK

0823.HK Risk / Return Rank: 41
0823.HK Sharpe Ratio Rank: 45
0823.HK Sortino Ratio Rank: 36
0823.HK Omega Ratio Rank: 37
0823.HK Calmar Ratio Rank: 43
0823.HK Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HST vs. 0823.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Host Hotels & Resorts, Inc. (HST) and Link Real Estate Investment Trust (0823.HK). 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.

	HST	0823.HK	Difference
Sharpe ratio: Return per unit of total volatility	2.64	0.10	+2.54
Sortino ratio: Return per unit of downside risk	3.65	0.25	+3.40
Omega ratio: Gain probability vs. loss probability	1.42	1.04	+0.38
Calmar ratio: Return relative to maximum drawdown	6.75	0.10	+6.66
Martin ratio: Return relative to average drawdown	17.62	0.17	+17.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HST vs. 0823.HK - Sharpe Ratio Comparison

The current HST Sharpe Ratio is 2.64, which is higher than the 0823.HK Sharpe Ratio of 0.10. The chart below compares the historical Sharpe Ratios of HST and 0823.HK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HST	0823.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	0.10	+2.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	-0.30	+0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	0.12	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.42	-0.30

Drawdowns

HST vs. 0823.HK - Drawdown Comparison

The maximum HST drawdown since its inception was -95.26%, which is greater than 0823.HK's maximum drawdown of -61.97%. Use the drawdown chart below to compare losses from any high point for HST and 0823.HK.

Drawdown Indicators

	HST	0823.HK	Difference
Max Drawdown Largest peak-to-trough decline	-95.26%	-61.97%	-33.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.48%	-19.98%	+10.50%
Max Drawdown (3Y) Largest decline over 3 years	-36.03%	-31.41%	-4.62%
Max Drawdown (5Y) Largest decline over 5 years	-36.03%	-54.67%	+18.64%
Max Drawdown (10Y) Largest decline over 10 years	-55.04%	-61.97%	+6.93%
Current Drawdown Current decline from peak	-0.73%	-44.36%	+43.63%
Average Drawdown Average peak-to-trough decline	-41.03%	-17.77%	-23.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	11.01%	-7.38%

Volatility

HST vs. 0823.HK - Volatility Comparison

Host Hotels & Resorts, Inc. (HST) has a higher volatility of 6.93% compared to Link Real Estate Investment Trust (0823.HK) at 4.87%. This indicates that HST's price experiences larger fluctuations and is considered to be riskier than 0823.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HST	0823.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.93%	4.87%	+2.06%
Volatility (6M) Calculated over the trailing 6-month period	17.08%	12.69%	+4.39%
Volatility (1Y) Calculated over the trailing 1-year period	24.33%	19.70%	+4.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.38%	23.73%	+6.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.19%	22.59%	+11.60%

Dividends

HST vs. 0823.HK - Dividend Comparison

HST's dividend yield for the trailing twelve months is around 3.89%, less than 0823.HK's 6.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0823.HK Link Real Estate Investment Trust	6.80%	7.61%	8.14%	5.68%	5.11%	4.36%	3.96%	3.32%	3.17%	3.19%	4.22%	4.03%
HST Host Hotels & Resorts, Inc.	3.89%	5.36%	5.14%	4.62%	3.30%	0.00%	1.37%	4.58%	5.10%	4.28%	4.51%	5.22%

Financials

Frequently Asked Questions

Can I hold both HST and 0823.HK in my portfolio?

HST and 0823.HK have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.