CPT vs RFI: Correlation
Camden Property Trust (CPT) and Cohen & Steers Total Return Realty Fund, Inc. (RFI) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPT and RFI?
On 3 years of weekly data the CPT/RFI correlation comes out at 0.65, strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.65 over 3. The 5-year figure is 0.65, and annualized covariance runs at 251.8 %².
Within CPT's tracked universe of 33 assets, RFI comes in at #15 by 3-year correlation. Their 12-month results are close: -0.4% for CPT against +3.7% for RFI.
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.
CPT vs RFI: side by side
| CPT (Camden Property Trust) | RFI (Cohen & Steers Total Return Realty Fund, Inc.) | |
|---|---|---|
| 1-year return | -0.4% | +3.7% |
| 5-year return | -15.4% | +5.1% |
| Volatility (ann.) | 21.3% | 18.1% |
| Beta vs S&P 500 | 0.55 | 0.57 |
| Max drawdown (3Y) | -21.7% | -16.2% |
| Market cap | $12.2B | – |
| P/E (trailing) | 35.5 | 27.1 |
| Dividend yield | 3.92% | 8.41% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CPT | RFI |
|---|---|---|
| 2022 | -35.6% | -22.1% |
| 2023 | -7.6% | +4.4% |
| 2024 | +21.3% | +6.6% |
| 2025 | -1.5% | +3.6% |
| 2026 | -2.0% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPT and RFI good diversifiers for each other?
Only partially. A correlation of 0.65 means CPT 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 CPT and RFI?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.61 over the last year and 0.65 over 5 years.
Is RFI a good diversifier for CPT?
Only partially. A correlation of 0.65 means CPT 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 0.65 mean?
A reading of 0.65 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/cpt-vs-rfi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpt-vs-rfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPT correlations · RFI correlations
