AWP vs RFI: Correlation
Measured on weekly returns over the past three years, abrdn Global Premier Properties Fund (AWP) and Cohen & Steers Total Return Realty Fund, Inc. (RFI) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWP and RFI?
Across a 3-year window, the weekly returns of AWP and RFI correlate at 0.81, very strong, meaning they move nearly in lockstep. Lately the two have drifted apart, with the 1-year correlation at 0.69 versus 0.81 over 3 years. Stretching to 5 years gives 0.77, with an annualized covariance of 337.2 %².
By 3-year correlation, RFI places #4 of the 16 assets tracked against AWP. The trailing year gives AWP the advantage: +10.1% versus +3.7%, a 6.4-point spread.
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.
AWP vs RFI: side by side
| AWP (abrdn Global Premier Properties Fund) | RFI (Cohen & Steers Total Return Realty Fund, Inc.) | |
|---|---|---|
| 1-year return | +10.1% | +3.7% |
| 5-year return | +2.9% | +5.1% |
| Volatility (ann.) | 23.0% | 18.1% |
| Beta vs S&P 500 | 0.73 | 0.57 |
| Max drawdown (3Y) | -23.1% | -16.2% |
| Market cap | $0.4B | – |
| P/E (trailing) | 6.6 | 27.1 |
| Dividend yield | 12.21% | 8.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWP | RFI |
|---|---|---|
| 2022 | -37.1% | -22.1% |
| 2023 | +12.6% | +4.4% |
| 2024 | +12.2% | +6.6% |
| 2025 | +12.4% | +3.6% |
| 2026 | +10.1% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWP and RFI good diversifiers for each other?
No. With a correlation of 0.81, AWP and RFI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AWP and RFI?
Using weekly returns as of 2026-08-27: 0.81 over 3 years, with 0.69 over the last year and 0.77 over 5 years.
Is RFI a good diversifier for AWP?
No. With a correlation of 0.81, AWP and RFI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.81 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/awp-vs-rfi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/awp-vs-rfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AWP correlations · RFI correlations
