RHP vs TCI: Correlation
Ryman Hospitality Properties, Inc. (REIT) (RHP) and Transcontinental Realty Investors, Inc. (TCI) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RHP and TCI?
Across a 3-year window, the weekly returns of RHP and TCI correlate at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Stretching to 5 years gives 0.24, with an annualized covariance of 375.5 %².
Among the 14 assets we track against RHP, TCI ranks #9 by 3-year correlation. The last year tells two different stories: RHP led by 51.7 percentage points, +36.4% for RHP against -15.3% for TCI. One caveat on sizing: TCI is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TCI: side by side
| RHP (Ryman Hospitality Properties, Inc. (REIT)) | TCI (Transcontinental Realty Investors, Inc.) | |
|---|---|---|
| 1-year return | +36.4% | -15.3% |
| 5-year return | +87.5% | +9.7% |
| Volatility (ann.) | 23.4% | 44.2% |
| Beta vs S&P 500 | 0.65 | 0.28 |
| Max drawdown (3Y) | -32.1% | -43.8% |
| Market cap | $8.9B | $0.3B |
| P/E (trailing) | 31.6 | 41.9 |
| Dividend yield | 3.64% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RHP | TCI |
|---|---|---|
| 2022 | -10.7% | +13.0% |
| 2023 | +40.4% | -21.8% |
| 2024 | -1.1% | -13.7% |
| 2025 | -4.8% | +96.6% |
| 2026 | +39.6% | -32.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RHP and TCI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RHP and TCI?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.37 over the last year and 0.24 over 5 years.
Is TCI a good diversifier for RHP?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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.
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Related comparisons
Hubs: RHP correlations · TCI correlations
