CLDT vs DRH: Correlation
Chatham Lodging Trust (REIT) (CLDT) and Diamondrock Hospitality Company (DRH) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLDT and DRH?
Over the past 3 years, CLDT and DRH moved with a correlation of 0.76, which is strong. The past 12 months show a weaker link (0.61) than the 3-year average (0.76). Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 560.9 %².
Among the 14 assets we track against CLDT, DRH ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CLDT ahead by 26.2 points (+80.0% versus +53.8%).
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.
CLDT vs DRH: side by side
| CLDT (Chatham Lodging Trust (REIT)) | DRH (Diamondrock Hospitality Company) | |
|---|---|---|
| 1-year return | +80.0% | +53.8% |
| 5-year return | +28.1% | +60.8% |
| Volatility (ann.) | 29.5% | 25.1% |
| Beta vs S&P 500 | 0.92 | 0.80 |
| Max drawdown (3Y) | -41.9% | -31.9% |
| Market cap | $0.7B | $2.6B |
| P/E (trailing) | 166.9 | 17.6 |
| Dividend yield | 2.81% | 3.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLDT | DRH |
|---|---|---|
| 2022 | -10.0% | -13.8% |
| 2023 | -10.1% | +16.3% |
| 2024 | -13.8% | -0.3% |
| 2025 | -19.9% | +3.7% |
| 2026 | +100.1% | +44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLDT and DRH good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CLDT and DRH?
The CLDT/DRH correlation stands at 0.76 on a 3-year window (1 year: 0.61, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is DRH a good diversifier for CLDT?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cldt-vs-drh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cldt-vs-drh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLDT correlations · DRH correlations
