FT vs RQI: Correlation
Franklin Universal Trust (FT) and Cohen & Steers Quality Income Realty Fund Inc (RQI) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FT and RQI?
Across a 3-year window, the weekly returns of FT and RQI correlate at 0.72, strong. The link has loosened recently: the 1-year correlation (0.59) runs below the 3-year figure (0.72). Stretching to 5 years gives 0.71, with an annualized covariance of 163.3 %².
Among the 12 assets we track against FT, RQI ranks #5 by 3-year correlation. Twelve-month performance is nearly a tie, at +4.8% for FT and +8.6% for RQI. Risk is not evenly split, since RQI carries 2.1 times the volatility of the other side.
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.
FT vs RQI: side by side
| FT (Franklin Universal Trust) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | +4.8% | +8.6% |
| 5-year return | +31.6% | +16.3% |
| Volatility (ann.) | 10.5% | 21.6% |
| Beta vs S&P 500 | 0.32 | 0.77 |
| Max drawdown (3Y) | -10.6% | -21.0% |
| Market cap | – | $1.7B |
| P/E (trailing) | 6.0 | 35.2 |
| Dividend yield | 6.58% | 7.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FT | RQI |
|---|---|---|
| 2022 | -14.0% | -31.1% |
| 2023 | +6.6% | +15.7% |
| 2024 | +18.4% | +8.0% |
| 2025 | +17.0% | +2.1% |
| 2026 | +1.1% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FT and RQI good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FT and RQI?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.59 over the last year and 0.71 over 5 years.
Is RQI a good diversifier for FT?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
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/ft-vs-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ft-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FT correlations · RQI correlations
