APLE vs CLDT: Correlation
How closely do Apple Hospitality REIT, Inc. (APLE) and Chatham Lodging Trust (REIT) (CLDT) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLE and CLDT?
Over the past 3 years, APLE and CLDT moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. Over 5 years the correlation is 0.82, and the annualized covariance of weekly returns is 543.9 %².
Few assets follow APLE as closely as CLDT, which ranks #2 of 16 tracked partners. The last year tells two different stories: CLDT led by 45.6 percentage points, +34.4% for APLE against +80.0% for CLDT.
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 CLDT: side by side
| APLE (Apple Hospitality REIT, Inc.) | CLDT (Chatham Lodging Trust (REIT)) | |
|---|---|---|
| 1-year return | +34.4% | +80.0% |
| 5-year return | +50.0% | +28.1% |
| Volatility (ann.) | 22.9% | 29.5% |
| Beta vs S&P 500 | 0.74 | 0.92 |
| Max drawdown (3Y) | -33.0% | -41.9% |
| Market cap | $3.9B | $0.7B |
| P/E (trailing) | 22.5 | 166.9 |
| Dividend yield | 5.80% | 2.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APLE | CLDT |
|---|---|---|
| 2022 | +2.4% | -10.0% |
| 2023 | +12.3% | -10.1% |
| 2024 | -1.3% | -13.8% |
| 2025 | -16.6% | -19.9% |
| 2026 | +44.5% | +100.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLE and CLDT good diversifiers for each other?
No. With a correlation of 0.80, APLE and CLDT move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between APLE and CLDT?
The APLE/CLDT correlation stands at 0.80 on a 3-year window (1 year: 0.77, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is CLDT a good diversifier for APLE?
No. With a correlation of 0.80, APLE and CLDT move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aple-vs-cldt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aple-vs-cldt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APLE correlations · CLDT correlations
