APLE vs CHH: Correlation
How closely do Apple Hospitality REIT, Inc. (APLE) and Choice Hotels International, Inc. (CHH) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLE and CHH?
On 3 years of weekly data the APLE/CHH correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 316.7 %².
By 3-year correlation, CHH places #8 of the 16 assets tracked against APLE. Their recent paths diverged sharply: over the last 12 months APLE outperformed by 43.4 percentage points (+34.4% for APLE against -9.0% for CHH).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
APLE vs CHH: side by side
| APLE (Apple Hospitality REIT, Inc.) | CHH (Choice Hotels International, Inc.) | |
|---|---|---|
| 1-year return | +34.4% | -9.0% |
| 5-year return | +50.0% | -5.3% |
| Volatility (ann.) | 22.9% | 26.8% |
| Beta vs S&P 500 | 0.74 | 0.59 |
| Max drawdown (3Y) | -33.0% | -45.5% |
| Market cap | $3.9B | $4.9B |
| P/E (trailing) | 22.5 | 15.6 |
| Dividend yield | 5.80% | 1.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APLE | CHH |
|---|---|---|
| 2022 | +2.4% | -27.1% |
| 2023 | +12.3% | +1.6% |
| 2024 | -1.3% | +26.2% |
| 2025 | -16.6% | -32.3% |
| 2026 | +44.5% | +14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLE and CHH good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between APLE and CHH?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.57 over the last year and 0.58 over 5 years.
Is CHH a good diversifier for APLE?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aple-vs-chh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aple-vs-chh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APLE correlations · CHH correlations
