CPT vs RQI: Correlation
Measured on weekly returns over the past three years, Camden Property Trust (CPT) and Cohen & Steers Quality Income Realty Fund Inc (RQI) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPT and RQI?
Over the past 3 years, CPT and RQI moved with a correlation of 0.67, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.55 versus 0.67 over 3 years. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 308.7 %².
By 3-year correlation, RQI places #13 of the 33 assets tracked against CPT. On 12-month performance RQI holds a 9.0-point edge, -0.4% against +8.6%.
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 RQI: side by side
| CPT (Camden Property Trust) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | -0.4% | +8.6% |
| 5-year return | -15.4% | +16.3% |
| Volatility (ann.) | 21.3% | 21.6% |
| Beta vs S&P 500 | 0.55 | 0.77 |
| Max drawdown (3Y) | -21.7% | -21.0% |
| Market cap | $12.2B | $1.7B |
| P/E (trailing) | 35.5 | 35.2 |
| Dividend yield | 3.92% | 7.74% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CPT | RQI |
|---|---|---|
| 2022 | -35.6% | -31.1% |
| 2023 | -7.6% | +15.7% |
| 2024 | +21.3% | +8.0% |
| 2025 | -1.5% | +2.1% |
| 2026 | -2.0% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPT and RQI good diversifiers for each other?
Only partially. A correlation of 0.67 means CPT and RQI 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 RQI?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.55 over the last year and 0.71 over 5 years.
Is RQI a good diversifier for CPT?
Only partially. A correlation of 0.67 means CPT and RQI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cpt-vs-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cpt-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPT correlations · RQI correlations
