APLE vs RLJ: Correlation
Apple Hospitality REIT, Inc. (APLE) and RLJ Lodging Trust (RLJ) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLE and RLJ?
Over the past 3 years, APLE and RLJ moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.85 lands near the 3-year figure. Over 5 years the correlation is 0.87, and the annualized covariance of weekly returns is 515.8 %².
Few assets follow APLE as closely as RLJ, which ranks #1 of 16 tracked partners. Their recent paths diverged sharply: over the last 12 months RLJ outperformed by 22.4 percentage points (+34.4% for APLE against +56.8% for RLJ).
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 RLJ: side by side
| APLE (Apple Hospitality REIT, Inc.) | RLJ (RLJ Lodging Trust) | |
|---|---|---|
| 1-year return | +34.4% | +56.8% |
| 5-year return | +50.0% | -2.6% |
| Volatility (ann.) | 22.9% | 27.0% |
| Beta vs S&P 500 | 0.74 | 0.76 |
| Max drawdown (3Y) | -33.0% | -44.2% |
| Market cap | $3.9B | $1.7B |
| P/E (trailing) | 22.5 | 1138.0 |
| Dividend yield | 5.80% | 5.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APLE | RLJ |
|---|---|---|
| 2022 | +2.4% | -23.1% |
| 2023 | +12.3% | +14.6% |
| 2024 | -1.3% | -8.4% |
| 2025 | -16.6% | -21.0% |
| 2026 | +44.5% | +57.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLE and RLJ good diversifiers for each other?
No. With a correlation of 0.83, APLE and RLJ move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between APLE and RLJ?
As of 2026-08-27, the correlation of weekly returns between APLE and RLJ is 0.83 over 3 years, 0.85 over 1 year and 0.87 over 5 years.
Is RLJ a good diversifier for APLE?
No. With a correlation of 0.83, APLE and RLJ move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 mean?
A reading of 0.83 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-rlj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aple-vs-rlj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APLE correlations · RLJ correlations
