AMT vs RQI: Correlation
American Tower (AMT) and Cohen & Steers Quality Income Realty Fund Inc (RQI) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMT and RQI?
Over the past 3 years, AMT and RQI moved with a correlation of 0.64, which is strong. Recent behaviour matches the longer record: 0.62 over 1 year against 0.64 over 3. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 375.9 %².
By 3-year correlation, RQI places #5 of the 30 assets tracked against AMT. The last year tells two different stories: RQI led by 19.6 percentage points, -11.0% for AMT against +8.6% for RQI.
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 RQI: side by side
| AMT (American Tower) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | -11.0% | +8.6% |
| 5-year return | -30.2% | +16.3% |
| Volatility (ann.) | 27.1% | 21.6% |
| Beta vs S&P 500 | 0.18 | 0.77 |
| Max drawdown (3Y) | -28.4% | -21.0% |
| Market cap | $81.2B | $1.7B |
| P/E (trailing) | 24.2 | 35.2 |
| Dividend yield | 3.97% | 7.74% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | AMT | RQI |
|---|---|---|
| 2022 | -25.7% | -31.1% |
| 2023 | +5.4% | +15.7% |
| 2024 | -12.2% | +8.0% |
| 2025 | -0.9% | +2.1% |
| 2026 | +1.1% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMT and RQI good diversifiers for each other?
Only partially. A correlation of 0.64 means AMT and RQI 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 AMT and RQI?
As of 2026-08-27, the correlation of weekly returns between AMT and RQI is 0.64 over 3 years, 0.62 over 1 year and 0.68 over 5 years.
Is RQI a good diversifier for AMT?
Only partially. A correlation of 0.64 means AMT and RQI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/amt-vs-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amt-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMT correlations · RQI correlations
