RLJ vs XHR: Correlation
How closely do RLJ Lodging Trust (RLJ) and Xenia Hotels & Resorts, Inc. (XHR) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RLJ and XHR?
Across a 3-year window, the weekly returns of RLJ and XHR correlate at 0.80, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.81 lands near the 3-year figure. Stretching to 5 years gives 0.85, with an annualized covariance of 644.0 %².
Within RLJ's tracked universe of 17 assets, XHR comes in at #8 by 3-year correlation. The last year tells two different stories: RLJ led by 16.6 percentage points, +56.8% for RLJ against +40.2% for XHR.
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 XHR: side by side
| RLJ (RLJ Lodging Trust) | XHR (Xenia Hotels & Resorts, Inc.) | |
|---|---|---|
| 1-year return | +56.8% | +40.2% |
| 5-year return | -2.6% | +29.3% |
| Volatility (ann.) | 27.0% | 30.0% |
| Beta vs S&P 500 | 0.76 | 0.97 |
| Max drawdown (3Y) | -44.2% | -42.5% |
| Market cap | $1.7B | $1.9B |
| P/E (trailing) | 1138.0 | – |
| Dividend yield | 5.24% | 2.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RLJ | XHR |
|---|---|---|
| 2022 | -23.1% | -26.1% |
| 2023 | +14.6% | +6.7% |
| 2024 | -8.4% | +12.7% |
| 2025 | -21.0% | -0.7% |
| 2026 | +57.9% | +38.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RLJ and XHR good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between RLJ and XHR?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.81 over the last year and 0.85 over 5 years.
Is XHR a good diversifier for RLJ?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.80 mean?
On the −1 to +1 scale, 0.80 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-xhr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rlj-vs-xhr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RLJ correlations · XHR correlations
