SHO vs. TWO
SHO (Sunstone Hotel Investors, Inc.) and TWO (Two Harbors Investment Corp.) are both stocks. Both are in the Real Estate sector — SHO in REIT - Hotel & Motel, TWO in REIT - Mortgage. Over the past 10 years, SHO returned 3.09%/yr vs -3.01%/yr for TWO. At a 0.41 correlation, their price movements are largely independent.
Performance
SHO vs. TWO - Performance Comparison
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Returns By Period
In the year-to-date period, SHO achieves a 32.65% return, which is significantly higher than TWO's 24.99% return. Over the past 10 years, SHO has outperformed TWO with an annualized return of 3.09%, while TWO has yielded a comparatively lower -3.01% annualized return.
SHO
- 1D
- -1.01%
- 1M
- 10.55%
- YTD
- 32.65%
- 6M
- 32.49%
- 1Y
- 40.07%
- 3Y*
- 10.67%
- 5Y*
- 0.36%
- 10Y*
- 3.09%
TWO
- 1D
- 0.82%
- 1M
- -1.44%
- YTD
- 24.99%
- 6M
- 18.87%
- 1Y
- 35.78%
- 3Y*
- 12.15%
- 5Y*
- -5.16%
- 10Y*
- -3.01%
SHO vs. TWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHO Sunstone Hotel Investors, Inc. | 32.65% | -21.48% | 13.86% | 14.44% | -16.79% | 3.53% | -18.14% | 12.65% | -17.21% | 13.27% |
TWO Two Harbors Investment Corp. | 24.99% | 2.52% | -2.73% | 2.31% | -23.25% | 0.03% | -52.19% | 28.73% | -10.33% | 26.53% |
Correlation
The correlation between SHO and TWO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2009 | 0.41 |
The correlation between SHO and TWO shifts across timeframes, from 0.26 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SHO:
$0.18
TWO:
-$4.56
SHO:
2.28
TWO:
1.76
SHO:
$985.77M
TWO:
$546.33M
SHO:
-$61.65M
TWO:
$524.61M
SHO:
$198.70M
TWO:
-$7.58M
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Return for Risk
SHO vs. TWO — Risk / Return Rank
SHO
TWO
SHO vs. TWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sunstone Hotel Investors, Inc. (SHO) and Two Harbors Investment Corp. (TWO). 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.
| SHO | TWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 0.98 | +2.83 |
| Martin ratioReturn relative to average drawdown | 7.89 | 2.77 | +5.12 |
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Drawdowns
SHO vs. TWO - Drawdown Comparison
The maximum SHO drawdown since its inception was -91.73%, which is greater than TWO's maximum drawdown of -84.71%. Use the drawdown chart below to compare losses from any high point for SHO and TWO.
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Drawdown Indicators
| SHO | TWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.73% | -84.71% | -7.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.58% | -36.81% | +26.23% |
Max Drawdown (3Y)Largest decline over 3 years | -36.56% | -36.81% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -36.72% | -56.09% | +19.37% |
Max Drawdown (10Y)Largest decline over 10 years | -55.96% | -84.71% | +28.75% |
Current DrawdownCurrent decline from peak | -22.33% | -56.77% | +34.44% |
Average DrawdownAverage peak-to-trough decline | -36.25% | -28.65% | -7.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.09% | 12.94% | -7.85% |
Volatility
SHO vs. TWO - Volatility Comparison
Sunstone Hotel Investors, Inc. (SHO) has a higher volatility of 5.26% compared to Two Harbors Investment Corp. (TWO) at 2.04%. This indicates that SHO's price experiences larger fluctuations and is considered to be riskier than TWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHO | TWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 2.04% | +3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 35.15% | -18.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.47% | 40.61% | -16.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.48% | 33.15% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.18% | 48.02% | -14.84% |
Dividends
SHO vs. TWO - Dividend Comparison
SHO's dividend yield for the trailing twelve months is around 3.07%, less than TWO's 11.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHO Sunstone Hotel Investors, Inc. | 3.07% | 4.03% | 2.87% | 2.80% | 1.04% | 0.00% | 0.44% | 5.17% | 5.30% | 4.42% | 4.46% | 11.29% |
TWO Two Harbors Investment Corp. | 11.44% | 15.52% | 15.22% | 15.08% | 12.94% | 11.79% | 7.85% | 11.42% | 14.64% | 23.31% | 10.67% | 12.84% |
Financials
SHO vs. TWO - Financials Comparison
This section allows you to compare key financial metrics between Sunstone Hotel Investors, Inc. and Two Harbors Investment Corp.. 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
Frequently Asked Questions
SHO and TWO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHO has higher volatility (5.26%) compared to TWO (2.04%). In terms of maximum drawdown, SHO dropped -91.73% vs TWO's -84.71%.
SHO currently has the higher Sharpe Ratio (1.65 vs 0.89), 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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