CLDT vs SHO: Correlation
Chatham Lodging Trust (REIT) (CLDT) and Sunstone Hotel Investors, Inc. (SHO) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLDT and SHO?
Over the past 3 years, CLDT and SHO moved with a correlation of 0.76, which is strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.76 over 3. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 521.3 %².
By 3-year correlation, SHO places #5 of the 14 assets tracked against CLDT. Correlation aside, the last 12 months split them widely, with CLDT ahead by 58.6 points (+80.0% versus +21.4%).
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 SHO: side by side
| CLDT (Chatham Lodging Trust (REIT)) | SHO (Sunstone Hotel Investors, Inc.) | |
|---|---|---|
| 1-year return | +80.0% | +21.4% |
| 5-year return | +28.1% | +10.7% |
| Volatility (ann.) | 29.5% | 23.4% |
| Beta vs S&P 500 | 0.92 | 0.76 |
| Max drawdown (3Y) | -41.9% | -36.6% |
| Market cap | $0.7B | $2.1B |
| P/E (trailing) | 166.9 | 50.9 |
| Dividend yield | 2.81% | 3.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLDT | SHO |
|---|---|---|
| 2022 | -10.0% | -16.8% |
| 2023 | -10.1% | +14.4% |
| 2024 | -13.8% | +13.9% |
| 2025 | -19.9% | -21.5% |
| 2026 | +100.1% | +27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLDT and SHO good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CLDT and SHO?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.72 over the last year and 0.75 over 5 years.
Is SHO a good diversifier for CLDT?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 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
$ curl https://www.pairbook.io/api/v1/pairs/cldt-vs-sho.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cldt-vs-sho/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLDT correlations · SHO correlations
