IGR vs TU: Correlation
Measured on weekly returns over the past three years, CBRE Global Real Estate Income Fund (IGR) and Telus Corporation (TU) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IGR and TU?
Over the past 3 years, IGR and TU moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.39). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 207.6 %².
TU is close to the least connected end of IGR's tracked universe, ranking #20 of 24. Correlation aside, the last 12 months split them widely, with IGR ahead by 45.8 points (+7.8% versus -38.0%).
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 TU: side by side
| IGR (CBRE Global Real Estate Income Fund) | TU (Telus Corporation) | |
|---|---|---|
| 1-year return | +7.8% | -38.0% |
| 5-year return | -4.7% | -44.5% |
| Volatility (ann.) | 26.5% | 20.3% |
| Beta vs S&P 500 | 0.81 | 0.21 |
| Max drawdown (3Y) | -29.5% | -40.6% |
| Market cap | $0.7B | $15.4B |
| P/E (trailing) | 15.4 | – |
| Dividend yield | 7.73% | 17.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IGR | TU |
|---|---|---|
| 2022 | -35.5% | -14.3% |
| 2023 | +8.6% | -2.4% |
| 2024 | +1.2% | -18.4% |
| 2025 | +5.2% | +0.7% |
| 2026 | +16.8% | -22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IGR and TU good diversifiers for each other?
Reasonably. At 0.39, IGR and TU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IGR and TU?
The IGR/TU correlation stands at 0.39 on a 3-year window (1 year: 0.23, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is TU a good diversifier for IGR?
Reasonably. At 0.39, IGR and TU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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/igr-vs-tu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/igr-vs-tu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IGR correlations · TU correlations
