IHT vs MI: Correlation
Measured on weekly returns over the past three years, InnSuites Hospitality Trust Shares of Beneficial Interest (IHT) and NFT Limited Class A (MI) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IHT and MI?
Over the past 3 years, IHT and MI moved with a correlation of 0.29, which is weak. The past 12 months show a tighter link (0.57) than the 3-year average (0.29). Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 72129.3 %².
In IHT's tracked universe of 20 assets, MI sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months MI outperformed by 23.5 percentage points (-33.8% for IHT against -10.3% for MI). One caveat on sizing: MI is 80.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IHT vs MI: side by side
| IHT (InnSuites Hospitality Trust Shares of Beneficial Interest) | MI (NFT Limited Class A) | |
|---|---|---|
| 1-year return | -33.8% | -10.3% |
| 5-year return | -63.6% | -99.5% |
| Volatility (ann.) | 55.0% | 4443.9% |
| Beta vs S&P 500 | 0.07 | 8.21 |
| Max drawdown (3Y) | -69.6% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.44% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IHT | MI |
|---|---|---|
| 2022 | -22.9% | -86.4% |
| 2023 | +2.3% | -66.2% |
| 2024 | +29.5% | -61.9% |
| 2025 | -37.4% | +13.3% |
| 2026 | -3.6% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IHT and MI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IHT and MI?
As of 2026-08-27, the correlation of weekly returns between IHT and MI is 0.29 over 3 years, 0.57 over 1 year and 0.18 over 5 years.
Is MI a good diversifier for IHT?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/iht-vs-mi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iht-vs-mi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IHT correlations · MI correlations
