CDTG vs RHP: Correlation
How closely do CDT Environmental Technology Investment Holdings Limited (CDTG) and Ryman Hospitality Properties, Inc. (REIT) (RHP) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDTG and RHP?
Across a 3-year window, the weekly returns of CDTG and RHP correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -964.5 %².
Among the 34 assets we track against CDTG, RHP ranks #29 by 3-year correlation. The last year tells two different stories: RHP led by 129.0 percentage points, -92.6% for CDTG against +36.4% for RHP. Note the risk asymmetry: CDTG runs 6.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CDTG vs RHP: side by side
| CDTG (CDT Environmental Technology Investment Holdings Limited) | RHP (Ryman Hospitality Properties, Inc. (REIT)) | |
|---|---|---|
| 1-year return | -92.6% | +36.4% |
| 5-year return | n/a | +87.5% |
| Volatility (ann.) | 160.6% | 23.4% |
| Beta vs S&P 500 | 0.42 | 0.65 |
| Max drawdown (3Y) | -99.2% | -32.1% |
| Market cap | – | $8.9B |
| P/E (trailing) | – | 31.6 |
| Dividend yield | 0.00% | 3.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDTG | RHP |
|---|---|---|
| 2022 | – | -10.7% |
| 2023 | – | +40.4% |
| 2024 | – | -1.1% |
| 2025 | -92.2% | -4.8% |
| 2026 | -87.0% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDTG and RHP good diversifiers for each other?
Yes. With a correlation of -0.25, CDTG and RHP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CDTG and RHP?
The CDTG/RHP correlation stands at -0.25 on a 3-year window (1 year: -0.27, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RHP a good diversifier for CDTG?
Yes. With a correlation of -0.25, CDTG and RHP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cdtg-vs-rhp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdtg-vs-rhp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDTG correlations · RHP correlations
