IHRT vs INN: Correlation
Measured on weekly returns over the past three years, iHeartMedia, Inc. (IHRT) and Summit Hotel Properties, Inc. (INN) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IHRT and INN?
Over the past 3 years, IHRT and INN moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.43 over 3. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 1436.7 %².
Few assets follow IHRT as closely as INN, which ranks #3 of 10 tracked partners. On 12-month performance IHRT holds a 6.6-point edge, +20.6% against +14.0%. Note the risk asymmetry: IHRT runs 2.8 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.
IHRT vs INN: side by side
| IHRT (iHeartMedia, Inc.) | INN (Summit Hotel Properties, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | +14.0% |
| 5-year return | -89.2% | -22.7% |
| Volatility (ann.) | 97.6% | 34.6% |
| Beta vs S&P 500 | 1.73 | 1.06 |
| Max drawdown (3Y) | -77.2% | -46.3% |
| Market cap | $0.4B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 5.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IHRT | INN |
|---|---|---|
| 2022 | -70.9% | -25.3% |
| 2023 | -56.4% | -3.7% |
| 2024 | -25.8% | +6.9% |
| 2025 | +110.1% | -24.5% |
| 2026 | -35.3% | +27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IHRT and INN good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IHRT and INN?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.45 over the last year and 0.42 over 5 years.
Is INN a good diversifier for IHRT?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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/ihrt-vs-inn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ihrt-vs-inn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IHRT correlations · INN correlations
