CHH vs WH: Correlation
How closely do Choice Hotels International, Inc. (CHH) and Wyndham Hotels & Resorts, Inc. (WH) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHH and WH?
On 3 years of weekly data the CHH/WH correlation comes out at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 402.3 %².
WH is one of the assets that tracks CHH most closely: it ranks #1 out of the 10 assets we track against CHH. Their 12-month results are close: -9.0% for CHH against -11.6% for WH.
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 WH: side by side
| CHH (Choice Hotels International, Inc.) | WH (Wyndham Hotels & Resorts, Inc.) | |
|---|---|---|
| 1-year return | -9.0% | -11.6% |
| 5-year return | -5.3% | +15.6% |
| Volatility (ann.) | 26.8% | 25.8% |
| Beta vs S&P 500 | 0.59 | 0.72 |
| Max drawdown (3Y) | -45.5% | -37.2% |
| Market cap | $4.9B | $5.7B |
| P/E (trailing) | 15.6 | 27.8 |
| Dividend yield | 1.05% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHH | WH |
|---|---|---|
| 2022 | -27.1% | -19.1% |
| 2023 | +1.6% | +14.9% |
| 2024 | +26.2% | +27.7% |
| 2025 | -32.3% | -23.5% |
| 2026 | +14.9% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHH and WH good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CHH and WH?
The CHH/WH correlation stands at 0.58 on a 3-year window (1 year: 0.66, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is WH a good diversifier for CHH?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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/chh-vs-wh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chh-vs-wh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHH correlations · WH correlations
