IGR vs RQI: Correlation
Measured on weekly returns over the past three years, CBRE Global Real Estate Income Fund (IGR) and Cohen & Steers Quality Income Realty Fund Inc (RQI) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IGR and RQI?
Over the past 3 years, IGR and RQI moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.80 lands near the 3-year figure. Over 5 years the correlation is 0.84, and the annualized covariance of weekly returns is 483.3 %².
Few assets follow IGR as closely as RQI, which ranks #2 of 24 tracked partners. Neither side won the trailing year by much: +7.8% 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.
IGR vs RQI: side by side
| IGR (CBRE Global Real Estate Income Fund) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | +7.8% | +8.6% |
| 5-year return | -4.7% | +16.3% |
| Volatility (ann.) | 26.5% | 21.6% |
| Beta vs S&P 500 | 0.81 | 0.77 |
| Max drawdown (3Y) | -29.5% | -21.0% |
| Market cap | $0.7B | $1.7B |
| P/E (trailing) | 15.4 | 35.2 |
| Dividend yield | 7.73% | 7.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IGR | RQI |
|---|---|---|
| 2022 | -35.5% | -31.1% |
| 2023 | +8.6% | +15.7% |
| 2024 | +1.2% | +8.0% |
| 2025 | +5.2% | +2.1% |
| 2026 | +16.8% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IGR and RQI good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between IGR and RQI?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.80 over the last year and 0.84 over 5 years.
Is RQI a good diversifier for IGR?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 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/igr-vs-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/igr-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IGR correlations · RQI correlations
