INVH vs RFI: Correlation
Invitation Homes (INVH) and Cohen & Steers Total Return Realty Fund, Inc. (RFI) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVH and RFI?
Across a 3-year window, the weekly returns of INVH and RFI correlate at 0.67, strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Stretching to 5 years gives 0.65, with an annualized covariance of 256.7 %².
Among the 28 assets we track against INVH, RFI ranks #12 by 3-year correlation. Over the last 12 months RFI came out ahead by 5.6 percentage points (-1.9% 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.
INVH vs RFI: side by side
| INVH (Invitation Homes) | RFI (Cohen & Steers Total Return Realty Fund, Inc.) | |
|---|---|---|
| 1-year return | -1.9% | +3.7% |
| 5-year return | -16.8% | +5.1% |
| Volatility (ann.) | 21.2% | 18.1% |
| Beta vs S&P 500 | 0.50 | 0.57 |
| Max drawdown (3Y) | -30.9% | -16.2% |
| Market cap | $17.4B | – |
| P/E (trailing) | 27.3 | 27.1 |
| Dividend yield | 3.98% | 8.41% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | INVH | RFI |
|---|---|---|
| 2022 | -33.0% | -22.1% |
| 2023 | +19.7% | +4.4% |
| 2024 | -3.1% | +6.6% |
| 2025 | -9.7% | +3.6% |
| 2026 | +7.6% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVH and RFI good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between INVH and RFI?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.64 over the last year and 0.65 over 5 years.
Is RFI a good diversifier for INVH?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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/invh-vs-rfi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/invh-vs-rfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INVH correlations · RFI correlations
