FRT vs RQI: Correlation
How closely do Federal Realty Investment Trust (FRT) and Cohen & Steers Quality Income Realty Fund Inc (RQI) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and RQI?
On 3 years of weekly data the FRT/RQI correlation comes out at 0.72, strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. The 5-year figure is 0.71, and annualized covariance runs at 301.3 %².
By 3-year correlation, RQI places #14 of the 46 assets tracked against FRT. Over the last 12 months FRT came out ahead by 13.0 percentage points (+21.6% 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.
FRT vs RQI: side by side
| FRT (Federal Realty Investment Trust) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | +21.6% | +8.6% |
| 5-year return | +18.8% | +16.3% |
| Volatility (ann.) | 19.5% | 21.6% |
| Beta vs S&P 500 | 0.53 | 0.77 |
| Max drawdown (3Y) | -27.4% | -21.0% |
| Market cap | $10.2B | $1.7B |
| P/E (trailing) | 23.6 | 35.2 |
| Dividend yield | 3.84% | 7.74% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | FRT | RQI |
|---|---|---|
| 2022 | -22.7% | -31.1% |
| 2023 | +6.6% | +15.7% |
| 2024 | +12.1% | +8.0% |
| 2025 | -5.9% | +2.1% |
| 2026 | +19.7% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and RQI good diversifiers for each other?
To a limited degree. At 0.72 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 FRT and RQI?
As of 2026-08-27, the correlation of weekly returns between FRT and RQI is 0.72 over 3 years, 0.63 over 1 year and 0.71 over 5 years.
Is RQI a good diversifier for FRT?
To a limited degree. At 0.72 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 0.72 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/frt-vs-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frt-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRT correlations · RQI correlations
