INN vs RLJ: Correlation
Measured on weekly returns over the past three years, Summit Hotel Properties, Inc. (INN) and RLJ Lodging Trust (RLJ) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INN and RLJ?
On 3 years of weekly data the INN/RLJ correlation comes out at 0.78, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. The 5-year figure is 0.83, and annualized covariance runs at 727.4 %².
Few assets follow INN as closely as RLJ, which ranks #2 of 14 tracked partners. The last year tells two different stories: RLJ led by 42.8 percentage points, +14.0% for INN against +56.8% for RLJ.
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.
INN vs RLJ: side by side
| INN (Summit Hotel Properties, Inc.) | RLJ (RLJ Lodging Trust) | |
|---|---|---|
| 1-year return | +14.0% | +56.8% |
| 5-year return | -22.7% | -2.6% |
| Volatility (ann.) | 34.6% | 27.0% |
| Beta vs S&P 500 | 1.06 | 0.76 |
| Max drawdown (3Y) | -46.3% | -44.2% |
| Market cap | $0.6B | $1.7B |
| P/E (trailing) | – | 1138.0 |
| Dividend yield | 5.34% | 5.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INN | RLJ |
|---|---|---|
| 2022 | -25.3% | -23.1% |
| 2023 | -3.7% | +14.6% |
| 2024 | +6.9% | -8.4% |
| 2025 | -24.5% | -21.0% |
| 2026 | +27.0% | +57.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INN and RLJ good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between INN and RLJ?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with 0.70 over the last year and 0.83 over 5 years.
Is RLJ a good diversifier for INN?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/inn-vs-rlj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/inn-vs-rlj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INN correlations · RLJ correlations
