DRH vs INN: Correlation
How closely do Diamondrock Hospitality Company (DRH) and Summit Hotel Properties, Inc. (INN) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRH and INN?
Over the past 3 years, DRH and INN moved with a correlation of 0.78, which is strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 680.2 %².
Within DRH's tracked universe of 20 assets, INN comes in at #9 by 3-year correlation. The last year tells two different stories: DRH led by 39.8 percentage points, +53.8% for DRH against +14.0% for INN.
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.
DRH vs INN: side by side
| DRH (Diamondrock Hospitality Company) | INN (Summit Hotel Properties, Inc.) | |
|---|---|---|
| 1-year return | +53.8% | +14.0% |
| 5-year return | +60.8% | -22.7% |
| Volatility (ann.) | 25.1% | 34.6% |
| Beta vs S&P 500 | 0.80 | 1.06 |
| Max drawdown (3Y) | -31.9% | -46.3% |
| Market cap | $2.6B | $0.6B |
| P/E (trailing) | 17.6 | – |
| Dividend yield | 3.84% | 5.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRH | INN |
|---|---|---|
| 2022 | -13.8% | -25.3% |
| 2023 | +16.3% | -3.7% |
| 2024 | -0.3% | +6.9% |
| 2025 | +3.7% | -24.5% |
| 2026 | +44.1% | +27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRH and INN good diversifiers for each other?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DRH and INN?
As of 2026-08-27, the correlation of weekly returns between DRH and INN is 0.78 over 3 years, 0.70 over 1 year and 0.81 over 5 years.
Is INN a good diversifier for DRH?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.78 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/drh-vs-inn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/drh-vs-inn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DRH correlations · INN correlations
