HTD vs RQI: Correlation
John Hancock Tax Advantaged Dividend Income Fund (HTD) and Cohen & Steers Quality Income Realty Fund Inc (RQI) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTD and RQI?
On 3 years of weekly data the HTD/RQI correlation comes out at 0.77, strong. The link has loosened recently: the 1-year correlation (0.64) runs below the 3-year figure (0.77). The 5-year figure is 0.77, and annualized covariance runs at 263.7 %².
By 3-year correlation, RQI places #6 of the 23 assets tracked against HTD. Twelve-month performance is nearly a tie, at +11.0% for HTD and +8.6% for RQI.
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 RQI: side by side
| HTD (John Hancock Tax Advantaged Dividend Income Fund) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | +11.0% | +8.6% |
| 5-year return | +50.6% | +16.3% |
| Volatility (ann.) | 15.9% | 21.6% |
| Beta vs S&P 500 | 0.43 | 0.77 |
| Max drawdown (3Y) | -15.7% | -21.0% |
| Market cap | $0.9B | $1.7B |
| P/E (trailing) | 5.3 | 35.2 |
| Dividend yield | 7.30% | 7.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTD | RQI |
|---|---|---|
| 2022 | -6.2% | -31.1% |
| 2023 | -9.9% | +15.7% |
| 2024 | +25.7% | +8.0% |
| 2025 | +15.9% | +2.1% |
| 2026 | +12.1% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTD and RQI good diversifiers for each other?
Only partially. A correlation of 0.77 means HTD 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 HTD and RQI?
As of 2026-08-27, the correlation of weekly returns between HTD and RQI is 0.77 over 3 years, 0.64 over 1 year and 0.77 over 5 years.
Is RQI a good diversifier for HTD?
Only partially. A correlation of 0.77 means HTD 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 0.77 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-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/htd-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HTD correlations · RQI correlations
