CHH vs HLT: Correlation
Measured on weekly returns over the past three years, Choice Hotels International, Inc. (CHH) and Hilton Worldwide (HLT) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHH and HLT?
On 3 years of weekly data the CHH/HLT correlation comes out at 0.52, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.52). The 5-year figure is 0.61, and annualized covariance runs at 289.0 %².
HLT is one of the assets that tracks CHH most closely: it ranks #3 out of the 10 assets we track against CHH. The last year tells two different stories: HLT led by 27.1 percentage points, -9.0% for CHH against +18.1% for HLT.
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.
CHH vs HLT: side by side
| CHH (Choice Hotels International, Inc.) | HLT (Hilton Worldwide) | |
|---|---|---|
| 1-year return | -9.0% | +18.1% |
| 5-year return | -5.3% | +162.7% |
| Volatility (ann.) | 26.8% | 20.7% |
| Beta vs S&P 500 | 0.59 | 0.85 |
| Max drawdown (3Y) | -45.5% | -26.4% |
| Market cap | $4.9B | $73.3B |
| P/E (trailing) | 15.6 | 47.8 |
| Dividend yield | 1.05% | 0.18% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | CHH | HLT |
|---|---|---|
| 2022 | -27.1% | -18.7% |
| 2023 | +1.6% | +44.7% |
| 2024 | +26.2% | +36.1% |
| 2025 | -32.3% | +16.5% |
| 2026 | +14.9% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHH and HLT good diversifiers for each other?
Only partially. A correlation of 0.52 means CHH and HLT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CHH and HLT?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.63 over the last year and 0.61 over 5 years.
Is HLT a good diversifier for CHH?
Only partially. A correlation of 0.52 means CHH and HLT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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
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Related comparisons
Hubs: CHH correlations · HLT correlations
