AMT vs RFI: Correlation
Measured on weekly returns over the past three years, American Tower (AMT) and Cohen & Steers Total Return Realty Fund, Inc. (RFI) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMT and RFI?
On 3 years of weekly data the AMT/RFI correlation comes out at 0.63, strong. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. The 5-year figure is 0.63, and annualized covariance runs at 308.9 %².
By 3-year correlation, RFI places #6 of the 30 assets tracked against AMT. On 12-month performance RFI holds a 14.7-point edge, -11.0% against +3.7%.
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.
AMT vs RFI: side by side
| AMT (American Tower) | RFI (Cohen & Steers Total Return Realty Fund, Inc.) | |
|---|---|---|
| 1-year return | -11.0% | +3.7% |
| 5-year return | -30.2% | +5.1% |
| Volatility (ann.) | 27.1% | 18.1% |
| Beta vs S&P 500 | 0.18 | 0.57 |
| Max drawdown (3Y) | -28.4% | -16.2% |
| Market cap | $81.2B | – |
| P/E (trailing) | 24.2 | 27.1 |
| Dividend yield | 3.97% | 8.41% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | AMT | RFI |
|---|---|---|
| 2022 | -25.7% | -22.1% |
| 2023 | +5.4% | +4.4% |
| 2024 | -12.2% | +6.6% |
| 2025 | -0.9% | +3.6% |
| 2026 | +1.1% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMT and RFI good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMT and RFI?
The AMT/RFI correlation stands at 0.63 on a 3-year window (1 year: 0.57, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is RFI a good diversifier for AMT?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amt-vs-rfi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amt-vs-rfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMT correlations · RFI correlations
