IHT vs SNDL: Correlation
Measured on weekly returns over the past three years, InnSuites Hospitality Trust Shares of Beneficial Interest (IHT) and SNDL Inc. (SNDL) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IHT and SNDL?
Across a 3-year window, the weekly returns of IHT and SNDL correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.24) runs above the 3-year figure (-0.20). Stretching to 5 years gives -0.09, with an annualized covariance of -555.8 %².
Among the 20 assets we track against IHT, SNDL ranks #12 by 3-year correlation. The trailing year gives IHT the advantage: -33.8% versus -46.6%, a 12.8-point spread.
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 SNDL: side by side
| IHT (InnSuites Hospitality Trust Shares of Beneficial Interest) | SNDL (SNDL Inc.) | |
|---|---|---|
| 1-year return | -33.8% | -46.6% |
| 5-year return | -63.6% | -81.9% |
| Volatility (ann.) | 55.0% | 51.2% |
| Beta vs S&P 500 | 0.07 | 0.81 |
| Max drawdown (3Y) | -69.6% | -57.4% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 1.44% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IHT | SNDL |
|---|---|---|
| 2022 | -22.9% | -63.8% |
| 2023 | +2.3% | -21.5% |
| 2024 | +29.5% | +9.1% |
| 2025 | -37.4% | -7.3% |
| 2026 | -3.6% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IHT and SNDL good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IHT and SNDL?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with 0.24 over the last year and -0.09 over 5 years.
Is SNDL a good diversifier for IHT?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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-sndl.json
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Related comparisons
Hubs: IHT correlations · SNDL correlations
