CLDT vs RLJ: Correlation
Chatham Lodging Trust (REIT) (CLDT) and RLJ Lodging Trust (RLJ) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLDT and RLJ?
On 3 years of weekly data the CLDT/RLJ correlation comes out at 0.83, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. The 5-year figure is 0.81, and annualized covariance runs at 659.9 %².
In CLDT's tracked universe of 14 assets, RLJ sits right near the top at #1. The last year tells two different stories: CLDT led by 23.2 percentage points, +80.0% for CLDT against +56.8% for RLJ.
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 RLJ: side by side
| CLDT (Chatham Lodging Trust (REIT)) | RLJ (RLJ Lodging Trust) | |
|---|---|---|
| 1-year return | +80.0% | +56.8% |
| 5-year return | +28.1% | -2.6% |
| Volatility (ann.) | 29.5% | 27.0% |
| Beta vs S&P 500 | 0.92 | 0.76 |
| Max drawdown (3Y) | -41.9% | -44.2% |
| Market cap | $0.7B | $1.7B |
| P/E (trailing) | 166.9 | 1138.0 |
| Dividend yield | 2.81% | 5.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLDT | RLJ |
|---|---|---|
| 2022 | -10.0% | -23.1% |
| 2023 | -10.1% | +14.6% |
| 2024 | -13.8% | -8.4% |
| 2025 | -19.9% | -21.0% |
| 2026 | +100.1% | +57.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLDT and RLJ good diversifiers for each other?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CLDT and RLJ?
The CLDT/RLJ correlation stands at 0.83 on a 3-year window (1 year: 0.75, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is RLJ a good diversifier for CLDT?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.83 mean?
A reading of 0.83 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-rlj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cldt-vs-rlj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLDT correlations · RLJ correlations
