ASGI vs RFI: Correlation
How closely do abrdn Global Infrastructure Income Fund (ASGI) and Cohen & Steers Total Return Realty Fund, Inc. (RFI) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASGI and RFI?
Across a 3-year window, the weekly returns of ASGI and RFI correlate at 0.64, strong. Recent behaviour matches the longer record: 0.56 over 1 year against 0.64 over 3. Stretching to 5 years gives 0.59, with an annualized covariance of 220.6 %².
RFI is one of the assets that tracks ASGI most closely: it ranks #3 out of the 10 assets we track against ASGI. The last year tells two different stories: ASGI led by 31.7 percentage points, +35.4% for ASGI against +3.7% for RFI.
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.
ASGI vs RFI: side by side
| ASGI (abrdn Global Infrastructure Income Fund) | RFI (Cohen & Steers Total Return Realty Fund, Inc.) | |
|---|---|---|
| 1-year return | +35.4% | +3.7% |
| 5-year return | +97.5% | +5.1% |
| Volatility (ann.) | 19.0% | 18.1% |
| Beta vs S&P 500 | 0.50 | 0.57 |
| Max drawdown (3Y) | -15.1% | -16.2% |
| Market cap | $0.8B | – |
| P/E (trailing) | 4.8 | 27.1 |
| Dividend yield | 0.00% | 8.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASGI | RFI |
|---|---|---|
| 2022 | -10.5% | -22.1% |
| 2023 | +14.5% | +4.4% |
| 2024 | +10.3% | +6.6% |
| 2025 | +44.2% | +3.6% |
| 2026 | +20.2% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASGI and RFI good diversifiers for each other?
Only partially. A correlation of 0.64 means ASGI and RFI 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 ASGI and RFI?
As of 2026-08-27, the correlation of weekly returns between ASGI and RFI is 0.64 over 3 years, 0.56 over 1 year and 0.59 over 5 years.
Is RFI a good diversifier for ASGI?
Only partially. A correlation of 0.64 means ASGI and RFI 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?
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/asgi-vs-rfi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asgi-vs-rfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASGI correlations · RFI correlations
