IHT vs NEE: Correlation
Measured on weekly returns over the past three years, InnSuites Hospitality Trust Shares of Beneficial Interest (IHT) and NextEra Energy (NEE) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IHT and NEE?
Over the past 3 years, IHT and NEE moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.23 over 3. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -333.1 %².
Out of 20 assets tracked against IHT, NEE lands near the bottom at #16. Their recent paths diverged sharply: over the last 12 months NEE outperformed by 50.0 percentage points (-33.8% for IHT against +16.2% for NEE). One caveat on sizing: IHT is 2.1 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 NEE: side by side
| IHT (InnSuites Hospitality Trust Shares of Beneficial Interest) | NEE (NextEra Energy) | |
|---|---|---|
| 1-year return | -33.8% | +16.2% |
| 5-year return | -63.6% | +12.9% |
| Volatility (ann.) | 55.0% | 26.5% |
| Beta vs S&P 500 | 0.07 | 0.28 |
| Max drawdown (3Y) | -69.6% | -28.8% |
| Market cap | – | $174.1B |
| P/E (trailing) | – | 18.9 |
| Dividend yield | 1.44% | 2.82% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | IHT | NEE |
|---|---|---|
| 2022 | -22.9% | -8.5% |
| 2023 | +2.3% | -25.3% |
| 2024 | +29.5% | +21.5% |
| 2025 | -37.4% | +15.5% |
| 2026 | -3.6% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IHT and NEE good diversifiers for each other?
Yes. With a correlation of -0.23, IHT and NEE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IHT and NEE?
As of 2026-08-27, the correlation of weekly returns between IHT and NEE is -0.23 over 3 years, -0.30 over 1 year and -0.10 over 5 years.
Is NEE a good diversifier for IHT?
Yes. With a correlation of -0.23, IHT and NEE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
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Related comparisons
Hubs: IHT correlations · NEE correlations
