CRT vs IHT: Correlation
Measured on weekly returns over the past three years, Cross Timbers Royalty Trust (CRT) and InnSuites Hospitality Trust Shares of Beneficial Interest (IHT) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRT and IHT?
On 3 years of weekly data the CRT/IHT correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. The 5-year figure is 0.07, and annualized covariance runs at -400.0 %².
Out of 11 assets tracked against CRT, IHT lands near the bottom at #8. The last year tells two different stories: CRT led by 62.8 percentage points, +29.0% for CRT against -33.8% for IHT. Risk is not evenly split, since IHT carries 1.5 times the volatility of the other side.
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.
CRT vs IHT: side by side
| CRT (Cross Timbers Royalty Trust) | IHT (InnSuites Hospitality Trust Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +29.0% | -33.8% |
| 5-year return | +30.9% | -63.6% |
| Volatility (ann.) | 36.4% | 55.0% |
| Beta vs S&P 500 | 0.11 | 0.07 |
| Max drawdown (3Y) | -63.5% | -69.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | 19.8 | – |
| Dividend yield | 5.05% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRT | IHT |
|---|---|---|
| 2022 | +145.9% | -22.9% |
| 2023 | -24.4% | +2.3% |
| 2024 | -39.1% | +29.5% |
| 2025 | -13.1% | -37.4% |
| 2026 | +36.2% | -3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRT and IHT good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between CRT and IHT?
The CRT/IHT correlation stands at -0.20 on a 3-year window (1 year: -0.22, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is IHT a good diversifier for CRT?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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/crt-vs-iht.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crt-vs-iht/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRT correlations · IHT correlations
