INVH vs RQI: Correlation
Measured on weekly returns over the past three years, Invitation Homes (INVH) and Cohen & Steers Quality Income Realty Fund Inc (RQI) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVH and RQI?
Over the past 3 years, INVH and RQI moved with a correlation of 0.69, which is strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 313.8 %².
By 3-year correlation, RQI places #11 of the 28 assets tracked against INVH. Over the last 12 months RQI came out ahead by 10.5 percentage points (-1.9% 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.
INVH vs RQI: side by side
| INVH (Invitation Homes) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | -1.9% | +8.6% |
| 5-year return | -16.8% | +16.3% |
| Volatility (ann.) | 21.2% | 21.6% |
| Beta vs S&P 500 | 0.50 | 0.77 |
| Max drawdown (3Y) | -30.9% | -21.0% |
| Market cap | $17.4B | $1.7B |
| P/E (trailing) | 27.3 | 35.2 |
| Dividend yield | 3.98% | 7.74% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | INVH | RQI |
|---|---|---|
| 2022 | -33.0% | -31.1% |
| 2023 | +19.7% | +15.7% |
| 2024 | -3.1% | +8.0% |
| 2025 | -9.7% | +2.1% |
| 2026 | +7.6% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVH and RQI good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between INVH and RQI?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.61 over the last year and 0.71 over 5 years.
Is RQI a good diversifier for INVH?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 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/invh-vs-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/invh-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INVH correlations · RQI correlations
