IHT vs NXST: Correlation
Measured on weekly returns over the past three years, InnSuites Hospitality Trust Shares of Beneficial Interest (IHT) and Nexstar Media Group, Inc. (NXST) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IHT and NXST?
Over the past 3 years, IHT and NXST moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.24). Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -439.0 %².
Out of 20 assets tracked against IHT, NXST lands near the bottom at #19. Correlation aside, the last 12 months split them widely, with NXST ahead by 24.3 points (-33.8% versus -9.5%). Note the risk asymmetry: IHT runs 1.7 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.
IHT vs NXST: side by side
| IHT (InnSuites Hospitality Trust Shares of Beneficial Interest) | NXST (Nexstar Media Group, Inc.) | |
|---|---|---|
| 1-year return | -33.8% | -9.5% |
| 5-year return | -63.6% | +43.6% |
| Volatility (ann.) | 55.0% | 33.2% |
| Beta vs S&P 500 | 0.07 | 0.63 |
| Max drawdown (3Y) | -69.6% | -38.4% |
| Market cap | – | $5.5B |
| P/E (trailing) | – | 35.1 |
| Dividend yield | 1.44% | 4.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IHT | NXST |
|---|---|---|
| 2022 | -22.9% | +18.4% |
| 2023 | +2.3% | -7.5% |
| 2024 | +29.5% | +5.0% |
| 2025 | -37.4% | +34.0% |
| 2026 | -3.6% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IHT and NXST good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IHT and NXST?
The IHT/NXST correlation stands at -0.24 on a 3-year window (1 year: -0.05, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is NXST a good diversifier for IHT?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/iht-vs-nxst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iht-vs-nxst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IHT correlations · NXST correlations
