PK vs RLJ: Correlation
How closely do Park Hotels & Resorts Inc. (PK) and RLJ Lodging Trust (RLJ) trade together? Their weekly returns over three years give a correlation of 0.81, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PK and RLJ?
Over the past 3 years, PK and RLJ moved with a correlation of 0.81, which is very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.69) than the 3-year average (0.81). Over 5 years the correlation is 0.87, and the annualized covariance of weekly returns is 697.1 %².
In PK's tracked universe of 13 assets, RLJ sits right near the top at #2. Over the last 12 months RLJ came out ahead by 13.4 percentage points (+43.4% against +56.8%).
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.
PK vs RLJ: side by side
| PK (Park Hotels & Resorts Inc.) | RLJ (RLJ Lodging Trust) | |
|---|---|---|
| 1-year return | +43.4% | +56.8% |
| 5-year return | +21.9% | -2.6% |
| Volatility (ann.) | 31.8% | 27.0% |
| Beta vs S&P 500 | 0.99 | 0.76 |
| Max drawdown (3Y) | -44.8% | -44.2% |
| Market cap | $3.2B | $1.7B |
| P/E (trailing) | – | 1138.0 |
| Dividend yield | 6.28% | 5.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PK | RLJ |
|---|---|---|
| 2022 | -36.0% | -23.1% |
| 2023 | +49.4% | +14.6% |
| 2024 | +1.0% | -8.4% |
| 2025 | -18.4% | -21.0% |
| 2026 | +56.5% | +57.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PK and RLJ good diversifiers for each other?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between PK and RLJ?
Using weekly returns as of 2026-08-27: 0.81 over 3 years, with 0.69 over the last year and 0.87 over 5 years.
Is RLJ a good diversifier for PK?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.81 mean?
A reading of 0.81 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/pk-vs-rlj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pk-vs-rlj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PK correlations · RLJ correlations
