CLDT vs HST: Correlation
Chatham Lodging Trust (REIT) (CLDT) and Host Hotels & Resorts (HST) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLDT and HST?
Across a 3-year window, the weekly returns of CLDT and HST correlate at 0.72, strong. The past 12 months show a weaker link (0.61) than the 3-year average (0.72). Stretching to 5 years gives 0.73, with an annualized covariance of 514.1 %².
By 3-year correlation, HST places #6 of the 14 assets tracked against CLDT. Correlation aside, the last 12 months split them widely, with CLDT ahead by 40.8 points (+80.0% versus +39.2%).
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 HST: side by side
| CLDT (Chatham Lodging Trust (REIT)) | HST (Host Hotels & Resorts) | |
|---|---|---|
| 1-year return | +80.0% | +39.2% |
| 5-year return | +28.1% | +73.4% |
| Volatility (ann.) | 29.5% | 24.2% |
| Beta vs S&P 500 | 0.92 | 0.78 |
| Max drawdown (3Y) | -41.9% | -36.0% |
| Market cap | $0.7B | $15.5B |
| P/E (trailing) | 166.9 | 15.1 |
| Dividend yield | 2.81% | 3.57% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | CLDT | HST |
|---|---|---|
| 2022 | -10.0% | -4.6% |
| 2023 | -10.1% | +27.6% |
| 2024 | -13.8% | -5.5% |
| 2025 | -19.9% | +7.2% |
| 2026 | +100.1% | +32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLDT and HST good diversifiers for each other?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CLDT and HST?
As of 2026-08-27, the correlation of weekly returns between CLDT and HST is 0.72 over 3 years, 0.61 over 1 year and 0.73 over 5 years.
Is HST a good diversifier for CLDT?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.72 mean?
A reading of 0.72 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
$ curl https://www.pairbook.io/api/v1/pairs/cldt-vs-hst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cldt-vs-hst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLDT correlations · HST correlations
