WH vs. ARE

Last updated Jun 4, 2026

WH (Wyndham Hotels & Resorts, Inc.) and ARE (Alexandria Real Estate Equities, Inc.) are both stocks. WH operates in Lodging (Consumer Cyclical), while ARE operates in REIT - Office (Real Estate). Over the past 5 years, WH returned 2.98%/yr vs -19.15%/yr for ARE. At a 0.34 correlation, their price movements are largely independent.

Performance

WH vs. ARE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wyndham Hotels & Resorts, Inc. (WH) and Alexandria Real Estate Equities, Inc. (ARE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with WH having a 6.60% return and ARE slightly lower at 6.42%.

WH

• 1D: -1.68%
• 1M: -0.16%
• YTD: 6.60%
• 6M: 9.60%
• 1Y: -2.40%
• 3Y*: 5.66%
• 5Y*: 2.98%
• 10Y*: —

ARE

• 1D: -2.79%
• 1M: 24.62%
• YTD: 6.42%
• 6M: 9.15%
• 1Y: -22.23%
• 3Y*: -19.57%
• 5Y*: -19.15%
• 10Y*: -2.82%

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

WH vs. ARE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WH Wyndham Hotels & Resorts, Inc.	6.60%	-23.54%	27.70%	14.94%	-19.06%	52.60%	-4.15%	41.40%	-25.37%
ARE Alexandria Real Estate Equities, Inc.	6.42%	-46.60%	-19.44%	-9.11%	-32.62%	28.09%	13.27%	44.04%	-4.40%

Correlation

The correlation between WH and ARE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since May 22, 2018	0.34

Fundamentals

EPS WH : $2.52 ARE : -$8.32
PS Ratio WH : 4.26 ARE : 2.26
Total Revenue (TTM) WH : $1.44B ARE : $2.90B
Gross Profit (TTM) WH : $965.00M ARE : $1.98B
EBITDA (TTM) WH : $483.00M ARE : $646.49M

Return for Risk

WH vs. ARE — Risk / Return Rank

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

WH

WH Risk / Return Rank: 35
WH Sharpe Ratio Rank: 37
WH Sortino Ratio Rank: 32
WH Omega Ratio Rank: 32
WH Calmar Ratio Rank: 37
WH Martin Ratio Rank: 37

ARE

ARE Risk / Return Rank: 22
ARE Sharpe Ratio Rank: 18
ARE Sortino Ratio Rank: 21
ARE Omega Ratio Rank: 20
ARE Calmar Ratio Rank: 26
ARE Martin Ratio Rank: 28

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.

WH vs. ARE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wyndham Hotels & Resorts, Inc. (WH) and Alexandria Real Estate Equities, Inc. (ARE). 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.

	WH	ARE	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	-0.51	+0.43
Sortino ratio: Return per unit of downside risk	0.10	-0.44	+0.53
Omega ratio: Gain probability vs. loss probability	1.01	0.94	+0.07
Calmar ratio: Return relative to maximum drawdown	-0.10	-0.43	+0.33
Martin ratio: Return relative to average drawdown	-0.19	-0.70	+0.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WH vs. ARE - Sharpe Ratio Comparison

The current WH Sharpe Ratio is -0.08, which is higher than the ARE Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of WH and ARE, 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

	WH	ARE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	-0.51	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	-0.58	+0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.23	-0.09

Drawdowns

WH vs. ARE - Drawdown Comparison

The maximum WH drawdown since its inception was -66.07%, smaller than the maximum ARE drawdown of -77.92%. Use the drawdown chart below to compare losses from any high point for WH and ARE.

Drawdown Indicators

	WH	ARE	Difference
Max Drawdown Largest peak-to-trough decline	-66.07%	-77.92%	+11.85%
Max Drawdown (1Y) Largest decline over 1 year	-24.30%	-51.61%	+27.31%
Max Drawdown (3Y) Largest decline over 3 years	-37.17%	-65.64%	+28.47%
Max Drawdown (5Y) Largest decline over 5 years	-37.17%	-77.92%	+40.75%
Max Drawdown (10Y) Largest decline over 10 years	—	-77.92%	—
Current Drawdown Current decline from peak	-26.59%	-71.99%	+45.40%
Average Drawdown Average peak-to-trough decline	-16.54%	-17.70%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.49%	31.91%	-19.42%

Volatility

WH vs. ARE - Volatility Comparison

The current volatility for Wyndham Hotels & Resorts, Inc. (WH) is 9.69%, while Alexandria Real Estate Equities, Inc. (ARE) has a volatility of 13.76%. This indicates that WH experiences smaller price fluctuations and is considered to be less risky than ARE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WH	ARE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.69%	13.76%	-4.07%
Volatility (6M) Calculated over the trailing 6-month period	21.64%	32.49%	-10.85%
Volatility (1Y) Calculated over the trailing 1-year period	29.56%	43.53%	-13.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.51%	32.92%	-3.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.82%	29.13%	+6.69%

Dividends

WH vs. ARE - Dividend Comparison

WH's dividend yield for the trailing twelve months is around 2.07%, less than ARE's 7.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARE Alexandria Real Estate Equities, Inc.	7.96%	9.56%	5.32%	3.91%	3.24%	2.01%	2.38%	2.48%	3.24%	2.64%	2.91%	3.38%
WH Wyndham Hotels & Resorts, Inc.	2.07%	2.17%	1.51%	1.74%	1.79%	0.98%	0.94%	1.85%	1.65%	0.00%	0.00%	0.00%

Financials

WH vs. ARE - Profitability Comparison

The chart below illustrates the profitability comparison between Wyndham Hotels & Resorts, Inc. and Alexandria Real Estate Equities, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

WH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wyndham Hotels & Resorts, Inc. reported a gross profit of 302.00M and revenue of 327.00M. Therefore, the gross margin over that period was 92.4%.

ARE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alexandria Real Estate Equities, Inc. reported a gross profit of 446.88M and revenue of 671.02M. Therefore, the gross margin over that period was 66.6%.

WH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wyndham Hotels & Resorts, Inc. reported an operating income of 114.00M and revenue of 327.00M, resulting in an operating margin of 34.9%.

ARE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alexandria Real Estate Equities, Inc. reported an operating income of 412.20M and revenue of 671.02M, resulting in an operating margin of 61.4%.

WH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wyndham Hotels & Resorts, Inc. reported a net income of 61.00M and revenue of 327.00M, resulting in a net margin of 18.7%.

ARE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alexandria Real Estate Equities, Inc. reported a net income of 358.87M and revenue of 671.02M, resulting in a net margin of 53.5%.

Frequently Asked Questions

Can I hold both WH and ARE in my portfolio?

WH and ARE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WH or ARE?

ARE has higher volatility (13.76%) compared to WH (9.69%). In terms of maximum drawdown, WH dropped -66.07% vs ARE's -77.92%.

Which has better risk-adjusted returns?

WH currently has the higher Sharpe Ratio (-0.08 vs -0.51), 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.