HTD vs RFI: Correlation
Measured on weekly returns over the past three years, John Hancock Tax Advantaged Dividend Income Fund (HTD) and Cohen & Steers Total Return Realty Fund, Inc. (RFI) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTD and RFI?
Over the past 3 years, HTD and RFI moved with a correlation of 0.77, which is strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 222.4 %².
Within HTD's tracked universe of 23 assets, RFI comes in at #5 by 3-year correlation. Over the last 12 months HTD came out ahead by 7.3 percentage points (+11.0% against +3.7%).
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.
HTD vs RFI: side by side
| HTD (John Hancock Tax Advantaged Dividend Income Fund) | RFI (Cohen & Steers Total Return Realty Fund, Inc.) | |
|---|---|---|
| 1-year return | +11.0% | +3.7% |
| 5-year return | +50.6% | +5.1% |
| Volatility (ann.) | 15.9% | 18.1% |
| Beta vs S&P 500 | 0.43 | 0.57 |
| Max drawdown (3Y) | -15.7% | -16.2% |
| Market cap | $0.9B | – |
| P/E (trailing) | 5.3 | 27.1 |
| Dividend yield | 7.30% | 8.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTD | RFI |
|---|---|---|
| 2022 | -6.2% | -22.1% |
| 2023 | -9.9% | +4.4% |
| 2024 | +25.7% | +6.6% |
| 2025 | +15.9% | +3.6% |
| 2026 | +12.1% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTD and RFI good diversifiers for each other?
Only partially. A correlation of 0.77 means HTD 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 HTD and RFI?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.70 over the last year and 0.75 over 5 years.
Is RFI a good diversifier for HTD?
Only partially. A correlation of 0.77 means HTD 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 0.77 mean?
On the −1 to +1 scale, 0.77 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/htd-vs-rfi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/htd-vs-rfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HTD correlations · RFI correlations
