DLR vs RQI: Correlation
How closely do Digital Realty (DLR) and Cohen & Steers Quality Income Realty Fund Inc (RQI) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLR and RQI?
Across a 3-year window, the weekly returns of DLR and RQI correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 281.8 %².
Among the 30 assets we track against DLR, RQI ranks #8 by 3-year correlation. On 12-month performance DLR holds a 7.8-point edge, +16.4% 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.
DLR vs RQI: side by side
| DLR (Digital Realty) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | +16.4% | +8.6% |
| 5-year return | +40.3% | +16.3% |
| Volatility (ann.) | 27.1% | 21.6% |
| Beta vs S&P 500 | 0.73 | 0.77 |
| Max drawdown (3Y) | -29.4% | -21.0% |
| Market cap | $72.5B | $1.7B |
| P/E (trailing) | 94.2 | 35.2 |
| Dividend yield | 2.52% | 7.74% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | DLR | RQI |
|---|---|---|
| 2022 | -41.0% | -31.1% |
| 2023 | +39.9% | +15.7% |
| 2024 | +35.9% | +8.0% |
| 2025 | -10.1% | +2.1% |
| 2026 | +25.8% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLR and RQI good diversifiers for each other?
Reasonably. At 0.48, DLR and RQI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DLR and RQI?
The DLR/RQI correlation stands at 0.48 on a 3-year window (1 year: 0.45, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is RQI a good diversifier for DLR?
Reasonably. At 0.48, DLR and RQI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/dlr-vs-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dlr-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DLR correlations · RQI correlations
