PK vs. SPG

Last updated Jun 3, 2026

PK (Park Hotels & Resorts Inc.) and SPG (Simon Property Group, Inc.) are both stocks. Both are in the Real Estate sector — PK in REIT - Hotel & Motel, SPG in REIT - Retail. Over the past 5 years, PK returned -1.04%/yr vs 14.65%/yr for SPG. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

PK vs. SPG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Park Hotels & Resorts Inc. (PK) and Simon Property Group, Inc. (SPG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PK achieves a 30.72% return, which is significantly higher than SPG's 11.22% return.

PK

• 1D: 3.49%
• 1M: 17.62%
• YTD: 30.72%
• 6M: 32.42%
• 1Y: 44.39%
• 3Y*: 10.87%
• 5Y*: -1.04%
• 10Y*: —

SPG

• 1D: 0.41%
• 1M: 0.54%
• YTD: 11.22%
• 6M: 14.40%
• 1Y: 31.15%
• 3Y*: 30.83%
• 5Y*: 14.65%
• 10Y*: 5.39%

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

PK vs. SPG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PK Park Hotels & Resorts Inc.	30.72%	-18.45%	0.98%	49.45%	-36.03%	10.09%	-30.13%	6.86%	1.69%	13.76%
SPG Simon Property Group, Inc.	11.22%	12.94%	26.92%	29.24%	-21.91%	95.72%	-38.64%	-6.74%	2.55%	-2.53%

Correlation

The correlation between PK and SPG is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 5, 2017	0.57

The correlation between PK and SPG shifts across timeframes, from 0.45 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS PK : -$1.08 SPG : $17.14
PS Ratio PK : 1.05 SPG : 7.50
Total Revenue (TTM) PK : $2.53B SPG : $6.65B
Gross Profit (TTM) PK : -$119.00M SPG : $5.71B
EBITDA (TTM) PK : $291.00M SPG : $7.77B

Return for Risk

PK vs. SPG — Risk / Return Rank

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

PK

PK Risk / Return Rank: 77
PK Sharpe Ratio Rank: 79
PK Sortino Ratio Rank: 78
PK Omega Ratio Rank: 71
PK Calmar Ratio Rank: 78
PK Martin Ratio Rank: 78

SPG

SPG Risk / Return Rank: 82
SPG Sharpe Ratio Rank: 84
SPG Sortino Ratio Rank: 82
SPG Omega Ratio Rank: 79
SPG Calmar Ratio Rank: 80
SPG Martin Ratio Rank: 86

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.

PK vs. SPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Park Hotels & Resorts Inc. (PK) and Simon Property Group, Inc. (SPG). 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.

	PK	SPG	Difference
Sharpe ratio Return per unit of total volatility	1.39	1.71	-0.33
Sortino ratio Return per unit of downside risk	2.21	2.50	-0.29
Omega ratio Gain probability vs. loss probability	1.24	1.30	-0.06
Calmar ratio Return relative to maximum drawdown	2.43	2.69	-0.26
Martin ratio Return relative to average drawdown	6.18	9.70	-3.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PK vs. SPG - Sharpe Ratio Comparison

The current PK Sharpe Ratio is 1.39, which is comparable to the SPG Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of PK and SPG, 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

	PK	SPG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.71	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.56	-0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.38	-0.39

Drawdowns

PK vs. SPG - Drawdown Comparison

The maximum PK drawdown since its inception was -84.22%, which is greater than SPG's maximum drawdown of -77.00%. Use the drawdown chart below to compare losses from any high point for PK and SPG.

Drawdown Indicators

	PK	SPG	Difference
Max Drawdown Largest peak-to-trough decline	-84.22%	-77.00%	-7.22%
Max Drawdown (1Y) Largest decline over 1 year	-17.08%	-11.54%	-5.54%
Max Drawdown (3Y) Largest decline over 3 years	-44.83%	-24.32%	-20.51%
Max Drawdown (5Y) Largest decline over 5 years	-49.83%	-45.84%	-3.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-77.00%	—
Current Drawdown Current decline from peak	-34.33%	-1.94%	-32.39%
Average Drawdown Average peak-to-trough decline	-34.08%	-13.85%	-20.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.71%	3.20%	+3.51%

Volatility

PK vs. SPG - Volatility Comparison

Park Hotels & Resorts Inc. (PK) has a higher volatility of 10.72% compared to Simon Property Group, Inc. (SPG) at 5.48%. This indicates that PK's price experiences larger fluctuations and is considered to be riskier than SPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PK	SPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.72%	5.48%	+5.24%
Volatility (6M) Calculated over the trailing 6-month period	22.67%	13.63%	+9.04%
Volatility (1Y) Calculated over the trailing 1-year period	32.20%	18.25%	+13.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.62%	26.50%	+11.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.11%	37.07%	+9.04%

Dividends

PK vs. SPG - Dividend Comparison

PK's dividend yield for the trailing twelve months is around 7.49%, more than SPG's 4.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PK Park Hotels & Resorts Inc.	7.49%	9.56%	9.95%	14.05%	2.37%	0.00%	2.62%	7.34%	12.86%	16.10%	0.00%	0.00%
SPG Simon Property Group, Inc.	4.25%	4.62%	4.70%	5.22%	5.87%	3.66%	7.04%	5.57%	4.70%	4.16%	3.66%	3.11%

Financials

PK vs. SPG - Profitability Comparison

The chart below illustrates the profitability comparison between Park Hotels & Resorts Inc. and Simon Property Group, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Park Hotels & Resorts Inc. reported a gross profit of 0.00 and revenue of 622.00M. Therefore, the gross margin over that period was 0.0%.

SPG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Simon Property Group, Inc. reported a gross profit of 1.45B and revenue of 1.76B. Therefore, the gross margin over that period was 82.5%.

PK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Park Hotels & Resorts Inc. reported an operating income of 62.00M and revenue of 622.00M, resulting in an operating margin of 10.0%.

SPG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Simon Property Group, Inc. reported an operating income of 762.16M and revenue of 1.76B, resulting in an operating margin of 43.4%.

PK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Park Hotels & Resorts Inc. reported a net income of 11.00M and revenue of 622.00M, resulting in a net margin of 1.8%.

SPG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Simon Property Group, Inc. reported a net income of 1.48K and revenue of 1.76B, resulting in a net margin of 0.0%.

Frequently Asked Questions

Can I hold both PK and SPG in my portfolio?

PK and SPG have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PK or SPG?

PK has higher volatility (10.72%) compared to SPG (5.48%). In terms of maximum drawdown, PK dropped -84.22% vs SPG's -77.00%.

Which has better risk-adjusted returns?

SPG currently has the higher Sharpe Ratio (1.71 vs 1.39), 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.