CLDT vs INN: Correlation
How closely do Chatham Lodging Trust (REIT) (CLDT) and Summit Hotel Properties, Inc. (INN) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLDT and INN?
Across a 3-year window, the weekly returns of CLDT and INN correlate at 0.71, strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Stretching to 5 years gives 0.78, with an annualized covariance of 729.2 %².
Among the 14 assets we track against CLDT, INN ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CLDT ahead by 66.0 points (+80.0% versus +14.0%).
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 INN: side by side
| CLDT (Chatham Lodging Trust (REIT)) | INN (Summit Hotel Properties, Inc.) | |
|---|---|---|
| 1-year return | +80.0% | +14.0% |
| 5-year return | +28.1% | -22.7% |
| Volatility (ann.) | 29.5% | 34.6% |
| Beta vs S&P 500 | 0.92 | 1.06 |
| Max drawdown (3Y) | -41.9% | -46.3% |
| Market cap | $0.7B | $0.6B |
| P/E (trailing) | 166.9 | – |
| Dividend yield | 2.81% | 5.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLDT | INN |
|---|---|---|
| 2022 | -10.0% | -25.3% |
| 2023 | -10.1% | -3.7% |
| 2024 | -13.8% | +6.9% |
| 2025 | -19.9% | -24.5% |
| 2026 | +100.1% | +27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLDT and INN good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CLDT and INN?
As of 2026-08-27, the correlation of weekly returns between CLDT and INN is 0.71 over 3 years, 0.66 over 1 year and 0.78 over 5 years.
Is INN a good diversifier for CLDT?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
A reading of 0.71 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-inn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cldt-vs-inn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLDT correlations · INN correlations
