WH vs. ATAT

Last updated Jun 4, 2026

WH (Wyndham Hotels & Resorts, Inc.) and ATAT (Atour Lifestyle Holdings Limited) are both stocks. Both operate in the Lodging industry within the Consumer Cyclical sector. Over the past 3 years, WH returned 5.66%/yr vs 27.61%/yr for ATAT. At a 0.12 correlation, their price movements are largely independent.

Performance

WH vs. ATAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wyndham Hotels & Resorts, Inc. (WH) and Atour Lifestyle Holdings Limited (ATAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WH achieves a 6.60% return, which is significantly higher than ATAT's -10.48% return.

WH

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

ATAT

• 1D: 0.83%
• 1M: -5.70%
• YTD: -10.48%
• 6M: -17.09%
• 1Y: 15.11%
• 3Y*: 27.61%
• 5Y*: —
• 10Y*: —

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

WH vs. ATAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WH Wyndham Hotels & Resorts, Inc.	6.60%	-23.54%	27.70%	14.94%	-2.35%
ATAT Atour Lifestyle Holdings Limited	-10.48%	49.78%	58.43%	-2.92%	39.91%

Correlation

The correlation between WH and ATAT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (All Time) Calculated using the full available price history since Nov 14, 2022	0.12

Fundamentals

Market Cap WH : $6.07B ATAT : $4.89B
EPS WH : $2.52 ATAT : $13.15
PE Ratio WH : 31.79 ATAT : 2.68
PEG Ratio WH : 10.23 ATAT : 0.02
PS Ratio WH : 4.26 ATAT : 0.46
PB Ratio WH : 13.58 ATAT : 1.33
Total Revenue (TTM) WH : $1.44B ATAT : $10.65B
Gross Profit (TTM) WH : $965.00M ATAT : $4.63B
EBITDA (TTM) WH : $483.00M ATAT : $2.46B

Return for Risk

WH vs. ATAT — 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

ATAT

ATAT Risk / Return Rank: 53
ATAT Sharpe Ratio Rank: 55
ATAT Sortino Ratio Rank: 50
ATAT Omega Ratio Rank: 47
ATAT Calmar Ratio Rank: 55
ATAT Martin Ratio Rank: 57

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. ATAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wyndham Hotels & Resorts, Inc. (WH) and Atour Lifestyle Holdings Limited (ATAT). 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	ATAT	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	0.40	-0.48
Sortino ratio: Return per unit of downside risk	0.10	0.85	-0.76
Omega ratio: Gain probability vs. loss probability	1.01	1.09	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.10	0.65	-0.75
Martin ratio: Return relative to average drawdown	-0.19	1.59	-1.79
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. ATAT - Sharpe Ratio Comparison

The current WH Sharpe Ratio is -0.08, which is lower than the ATAT Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of WH and ATAT, 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	ATAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	0.40	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.60	-0.46

Drawdowns

WH vs. ATAT - Drawdown Comparison

The maximum WH drawdown since its inception was -66.07%, which is greater than ATAT's maximum drawdown of -46.91%. Use the drawdown chart below to compare losses from any high point for WH and ATAT.

Drawdown Indicators

	WH	ATAT	Difference
Max Drawdown Largest peak-to-trough decline	-66.07%	-46.91%	-19.16%
Max Drawdown (1Y) Largest decline over 1 year	-24.30%	-23.27%	-1.03%
Max Drawdown (3Y) Largest decline over 3 years	-37.17%	-30.96%	-6.21%
Max Drawdown (5Y) Largest decline over 5 years	-37.17%	—	—
Current Drawdown Current decline from peak	-26.59%	-17.77%	-8.82%
Average Drawdown Average peak-to-trough decline	-16.54%	-20.01%	+3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.49%	9.50%	+2.99%

Volatility

WH vs. ATAT - Volatility Comparison

The current volatility for Wyndham Hotels & Resorts, Inc. (WH) is 9.69%, while Atour Lifestyle Holdings Limited (ATAT) has a volatility of 11.17%. This indicates that WH experiences smaller price fluctuations and is considered to be less risky than ATAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WH	ATAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.69%	11.17%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	21.64%	28.66%	-7.02%
Volatility (1Y) Calculated over the trailing 1-year period	29.56%	37.81%	-8.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.51%	58.44%	-28.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.82%	58.44%	-22.62%

Dividends

WH vs. ATAT - Dividend Comparison

WH's dividend yield for the trailing twelve months is around 2.07%, more than ATAT's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ATAT Atour Lifestyle Holdings Limited	1.02%	1.98%	1.67%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%
WH Wyndham Hotels & Resorts, Inc.	2.07%	2.17%	1.51%	1.74%	1.79%	0.98%	0.94%	1.85%	1.65%

Financials

WH vs. ATAT - Profitability Comparison

The chart below illustrates the profitability comparison between Wyndham Hotels & Resorts, Inc. and Atour Lifestyle Holdings Limited 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%.

ATAT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Atour Lifestyle Holdings Limited reported a gross profit of 1.16B and revenue of 2.79B. Therefore, the gross margin over that period was 41.4%.

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%.

ATAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Atour Lifestyle Holdings Limited reported an operating income of 568.24M and revenue of 2.79B, resulting in an operating margin of 20.3%.

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%.

ATAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Atour Lifestyle Holdings Limited reported a net income of 460.55M and revenue of 2.79B, resulting in a net margin of 16.5%.

Frequently Asked Questions

Can I hold both WH and ATAT in my portfolio?

WH and ATAT have a correlation of 0.14, 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 ATAT?

ATAT has higher volatility (11.17%) compared to WH (9.69%). In terms of maximum drawdown, WH dropped -66.07% vs ATAT's -46.91%.

Which has better risk-adjusted returns?

ATAT currently has the higher Sharpe Ratio (0.40 vs -0.08), 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.