CLDT vs PEB: Correlation
Measured on weekly returns over the past three years, Chatham Lodging Trust (REIT) (CLDT) and Pebblebrook Hotel Trust (PEB) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLDT and PEB?
Across a 3-year window, the weekly returns of CLDT and PEB correlate at 0.77, strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. Stretching to 5 years gives 0.78, with an annualized covariance of 803.0 %².
In CLDT's tracked universe of 14 assets, PEB sits right near the top at #3. The last year tells two different stories: CLDT led by 16.9 percentage points, +80.0% for CLDT against +63.1% for PEB.
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 PEB: side by side
| CLDT (Chatham Lodging Trust (REIT)) | PEB (Pebblebrook Hotel Trust) | |
|---|---|---|
| 1-year return | +80.0% | +63.1% |
| 5-year return | +28.1% | -14.2% |
| Volatility (ann.) | 29.5% | 35.5% |
| Beta vs S&P 500 | 0.92 | 1.16 |
| Max drawdown (3Y) | -41.9% | -53.4% |
| Market cap | $0.7B | $2.1B |
| P/E (trailing) | 166.9 | – |
| Dividend yield | 2.81% | 0.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLDT | PEB |
|---|---|---|
| 2022 | -10.0% | -40.0% |
| 2023 | -10.1% | +19.7% |
| 2024 | -13.8% | -15.0% |
| 2025 | -19.9% | -16.1% |
| 2026 | +100.1% | +61.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLDT and PEB good diversifiers for each other?
Only partially. A correlation of 0.77 means CLDT and PEB 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 CLDT and PEB?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.73 over the last year and 0.78 over 5 years.
Is PEB a good diversifier for CLDT?
Only partially. A correlation of 0.77 means CLDT and PEB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
A reading of 0.77 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-peb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cldt-vs-peb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLDT correlations · PEB correlations
