CPS vs RFI: Correlation
How closely do Cooper-Standard Holdings Inc. (CPS) and Cohen & Steers Total Return Realty Fund, Inc. (RFI) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPS and RFI?
Over the past 3 years, CPS and RFI moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.53 over 3. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 690.3 %².
Few assets follow CPS as closely as RFI, which ranks #3 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with RFI ahead by 29.5 points (-25.8% versus +3.7%). One caveat on sizing: CPS is 4.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CPS vs RFI: side by side
| CPS (Cooper-Standard Holdings Inc.) | RFI (Cohen & Steers Total Return Realty Fund, Inc.) | |
|---|---|---|
| 1-year return | -25.8% | +3.7% |
| 5-year return | +15.8% | +5.1% |
| Volatility (ann.) | 72.2% | 18.1% |
| Beta vs S&P 500 | 1.75 | 0.57 |
| Max drawdown (3Y) | -45.2% | -16.2% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | 27.1 |
| Dividend yield | 0.00% | 8.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPS | RFI |
|---|---|---|
| 2022 | -59.6% | -22.1% |
| 2023 | +115.7% | +4.4% |
| 2024 | -30.6% | +6.6% |
| 2025 | +142.1% | +3.6% |
| 2026 | -19.6% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPS and RFI good diversifiers for each other?
Only partially. A correlation of 0.53 means CPS 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 CPS and RFI?
The CPS/RFI correlation stands at 0.53 on a 3-year window (1 year: 0.44, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is RFI a good diversifier for CPS?
Only partially. A correlation of 0.53 means CPS 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 0.53 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/cps-vs-rfi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cps-vs-rfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPS correlations · RFI correlations
