RLJ vs VTRS: Correlation
Measured on weekly returns over the past three years, RLJ Lodging Trust (RLJ) and Viatris (VTRS) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RLJ and VTRS?
Across a 3-year window, the weekly returns of RLJ and VTRS correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.48 over 3. Stretching to 5 years gives 0.43, with an annualized covariance of 421.8 %².
Within RLJ's tracked universe of 17 assets, VTRS comes in at #11 by 3-year correlation. Over the last 12 months VTRS came out ahead by 11.0 percentage points (+56.8% against +67.8%).
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.
RLJ vs VTRS: side by side
| RLJ (RLJ Lodging Trust) | VTRS (Viatris) | |
|---|---|---|
| 1-year return | +56.8% | +67.8% |
| 5-year return | -2.6% | +44.6% |
| Volatility (ann.) | 27.0% | 32.8% |
| Beta vs S&P 500 | 0.76 | 0.79 |
| Max drawdown (3Y) | -44.2% | -45.0% |
| Market cap | $1.7B | $19.4B |
| P/E (trailing) | 1138.0 | – |
| Dividend yield | 5.24% | 2.85% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | RLJ | VTRS |
|---|---|---|
| 2022 | -23.1% | -14.3% |
| 2023 | +14.6% | +2.1% |
| 2024 | -8.4% | +19.7% |
| 2025 | -21.0% | +5.1% |
| 2026 | +57.9% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RLJ and VTRS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RLJ and VTRS?
The RLJ/VTRS correlation stands at 0.48 on a 3-year window (1 year: 0.50, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is VTRS a good diversifier for RLJ?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/rlj-vs-vtrs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rlj-vs-vtrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RLJ correlations · VTRS correlations
