AWP vs RQI: Correlation
Measured on weekly returns over the past three years, abrdn Global Premier Properties Fund (AWP) and Cohen & Steers Quality Income Realty Fund Inc (RQI) carry a correlation of 0.84, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWP and RQI?
On 3 years of weekly data the AWP/RQI correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.66) runs below the 3-year figure (0.84). The 5-year figure is 0.87, and annualized covariance runs at 415.9 %².
Few assets follow AWP as closely as RQI, which ranks #2 of 16 tracked partners. Their 12-month results are close: +10.1% for AWP 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.
AWP vs RQI: side by side
| AWP (abrdn Global Premier Properties Fund) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | +10.1% | +8.6% |
| 5-year return | +2.9% | +16.3% |
| Volatility (ann.) | 23.0% | 21.6% |
| Beta vs S&P 500 | 0.73 | 0.77 |
| Max drawdown (3Y) | -23.1% | -21.0% |
| Market cap | $0.4B | $1.7B |
| P/E (trailing) | 6.6 | 35.2 |
| Dividend yield | 12.21% | 7.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWP | RQI |
|---|---|---|
| 2022 | -37.1% | -31.1% |
| 2023 | +12.6% | +15.7% |
| 2024 | +12.2% | +8.0% |
| 2025 | +12.4% | +2.1% |
| 2026 | +10.1% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWP and RQI good diversifiers for each other?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AWP and RQI?
The AWP/RQI correlation stands at 0.84 on a 3-year window (1 year: 0.66, 5 years: 0.87), computed from weekly returns as of 2026-08-27.
Is RQI a good diversifier for AWP?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.84 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-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/awp-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AWP correlations · RQI correlations
