CDTG vs RLJ: Correlation
How closely do CDT Environmental Technology Investment Holdings Limited (CDTG) and RLJ Lodging Trust (RLJ) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDTG and RLJ?
Across a 3-year window, the weekly returns of CDTG and RLJ correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.26 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -1144.4 %².
Among the 34 assets we track against CDTG, RLJ sits near the bottom by co-movement, at rank #31. Their recent paths diverged sharply: over the last 12 months RLJ outperformed by 149.4 percentage points (-92.6% for CDTG against +56.8% for RLJ). Risk is not evenly split, since CDTG carries 5.9 times the volatility of the other side.
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 RLJ: side by side
| CDTG (CDT Environmental Technology Investment Holdings Limited) | RLJ (RLJ Lodging Trust) | |
|---|---|---|
| 1-year return | -92.6% | +56.8% |
| 5-year return | n/a | -2.6% |
| Volatility (ann.) | 160.6% | 27.0% |
| Beta vs S&P 500 | 0.42 | 0.76 |
| Max drawdown (3Y) | -99.2% | -44.2% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | 1138.0 |
| Dividend yield | 0.00% | 5.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDTG | RLJ |
|---|---|---|
| 2022 | – | -23.1% |
| 2023 | – | +14.6% |
| 2024 | – | -8.4% |
| 2025 | -92.2% | -21.0% |
| 2026 | -87.0% | +57.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDTG and RLJ good diversifiers for each other?
Yes. With a correlation of -0.26, CDTG and RLJ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CDTG and RLJ?
As of 2026-08-27, the correlation of weekly returns between CDTG and RLJ is -0.26 over 3 years, -0.38 over 1 year and n/a over 5 years.
Is RLJ a good diversifier for CDTG?
Yes. With a correlation of -0.26, CDTG and RLJ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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
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Related comparisons
Hubs: CDTG correlations · RLJ correlations
