CLDT vs QQQ: Correlation
Chatham Lodging Trust (REIT) (CLDT) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLDT and QQQ?
Over the past 3 years, CLDT and QQQ moved with a correlation of 0.38, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.07 versus 0.38 over 3 years. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 217.8 %².
Out of 14 assets tracked against CLDT, QQQ lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months CLDT outperformed by 53.7 percentage points (+80.0% for CLDT against +26.3% for QQQ). Note the risk asymmetry: CLDT runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 QQQ: side by side
| CLDT (Chatham Lodging Trust (REIT)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +80.0% | +26.3% |
| 5-year return | +28.1% | +95.4% |
| Volatility (ann.) | 29.5% | 19.6% |
| Beta vs S&P 500 | 0.92 | 1.28 |
| Max drawdown (3Y) | -41.9% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | 166.9 | – |
| Dividend yield | 2.81% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | CLDT | QQQ |
|---|---|---|
| 2022 | -10.0% | -32.6% |
| 2023 | -10.1% | +54.9% |
| 2024 | -13.8% | +25.6% |
| 2025 | -19.9% | +20.8% |
| 2026 | +100.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLDT and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLDT and QQQ?
The CLDT/QQQ correlation stands at 0.38 on a 3-year window (1 year: 0.07, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CLDT?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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
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[](https://www.pairbook.io/pair/cldt-vs-qqq/)
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Related comparisons
Hubs: CLDT correlations · QQQ correlations
