AWF vs RA: Correlation
How closely do Alliancebernstein Global High Income Fund (AWF) and Brookfield Real Assets Income Fund Inc. (RA) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWF and RA?
Over the past 3 years, AWF and RA moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.59 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 55.1 %².
Among the 18 assets we track against AWF, RA ranks #10 by 3-year correlation. Over the last 12 months RA came out ahead by 7.2 percentage points (-2.6% against +4.6%).
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.
AWF vs RA: side by side
| AWF (Alliancebernstein Global High Income Fund) | RA (Brookfield Real Assets Income Fund Inc.) | |
|---|---|---|
| 1-year return | -2.6% | +4.6% |
| 5-year return | +21.4% | +3.5% |
| Volatility (ann.) | 9.7% | 8.8% |
| Beta vs S&P 500 | 0.42 | 0.32 |
| Max drawdown (3Y) | -11.1% | -27.7% |
| Market cap | $0.9B | $0.7B |
| P/E (trailing) | 13.6 | 11.3 |
| Dividend yield | 7.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWF | RA |
|---|---|---|
| 2022 | -16.6% | -13.5% |
| 2023 | +18.4% | -9.0% |
| 2024 | +14.4% | +15.9% |
| 2025 | +7.6% | +8.3% |
| 2026 | -0.0% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWF and RA good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AWF and RA?
As of 2026-08-27, the correlation of weekly returns between AWF and RA is 0.65 over 3 years, 0.59 over 1 year and 0.45 over 5 years.
Is RA a good diversifier for AWF?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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$ curl https://www.pairbook.io/api/v1/pairs/awf-vs-ra.json
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Related comparisons
Hubs: AWF correlations · RA correlations
