RHP vs RLJ: Correlation
Ryman Hospitality Properties, Inc. (REIT) (RHP) and RLJ Lodging Trust (RLJ) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RHP and RLJ?
Over the past 3 years, RHP and RLJ moved with a correlation of 0.78, which is strong. Little has changed lately, as the 1-year reading of 0.80 lands near the 3-year figure. Over 5 years the correlation is 0.84, and the annualized covariance of weekly returns is 493.8 %².
In RHP's tracked universe of 14 assets, RLJ sits right near the top at #3. The last year tells two different stories: RLJ led by 20.4 percentage points, +36.4% for RHP 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.
RHP vs RLJ: side by side
| RHP (Ryman Hospitality Properties, Inc. (REIT)) | RLJ (RLJ Lodging Trust) | |
|---|---|---|
| 1-year return | +36.4% | +56.8% |
| 5-year return | +87.5% | -2.6% |
| Volatility (ann.) | 23.4% | 27.0% |
| Beta vs S&P 500 | 0.65 | 0.76 |
| Max drawdown (3Y) | -32.1% | -44.2% |
| Market cap | $8.9B | $1.7B |
| P/E (trailing) | 31.6 | 1138.0 |
| Dividend yield | 3.64% | 5.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RHP | RLJ |
|---|---|---|
| 2022 | -10.7% | -23.1% |
| 2023 | +40.4% | +14.6% |
| 2024 | -1.1% | -8.4% |
| 2025 | -4.8% | -21.0% |
| 2026 | +39.6% | +57.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RHP and RLJ good diversifiers for each other?
Only partially. A correlation of 0.78 means RHP and RLJ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between RHP and RLJ?
The RHP/RLJ correlation stands at 0.78 on a 3-year window (1 year: 0.80, 5 years: 0.84), computed from weekly returns as of 2026-08-27.
Is RLJ a good diversifier for RHP?
Only partially. A correlation of 0.78 means RHP and RLJ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 mean?
On the −1 to +1 scale, 0.78 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rhp-vs-rlj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rhp-vs-rlj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RHP correlations · RLJ correlations
