CCI vs RQI: Correlation
Measured on weekly returns over the past three years, Crown Castle (CCI) and Cohen & Steers Quality Income Realty Fund Inc (RQI) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCI and RQI?
Over the past 3 years, CCI and RQI moved with a correlation of 0.61, which is strong. Recent behaviour matches the longer record: 0.55 over 1 year against 0.61 over 3. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 376.1 %².
Among the 30 assets we track against CCI, RQI ranks #5 by 3-year correlation. The last year tells two different stories: RQI led by 30.1 percentage points, -21.5% for CCI 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.
CCI vs RQI: side by side
| CCI (Crown Castle) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | -21.5% | +8.6% |
| 5-year return | -50.4% | +16.3% |
| Volatility (ann.) | 28.4% | 21.6% |
| Beta vs S&P 500 | 0.22 | 0.77 |
| Max drawdown (3Y) | -33.0% | -21.0% |
| Market cap | $32.8B | $1.7B |
| P/E (trailing) | 30.9 | 35.2 |
| Dividend yield | 5.63% | 7.74% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CCI | RQI |
|---|---|---|
| 2022 | -32.6% | -31.1% |
| 2023 | -10.2% | +15.7% |
| 2024 | -16.4% | +8.0% |
| 2025 | +3.0% | +2.1% |
| 2026 | -13.5% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCI and RQI good diversifiers for each other?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CCI and RQI?
As of 2026-08-27, the correlation of weekly returns between CCI and RQI is 0.61 over 3 years, 0.55 over 1 year and 0.64 over 5 years.
Is RQI a good diversifier for CCI?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cci-vs-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cci-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCI correlations · RQI correlations
