JRI vs RFI: Correlation
Nuveen Real Asset Income and Growth Fund (JRI) and Cohen & Steers Total Return Realty Fund, Inc. (RFI) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRI and RFI?
On 3 years of weekly data the JRI/RFI correlation comes out at 0.74, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. The 5-year figure is 0.75, and annualized covariance runs at 228.5 %².
In JRI's tracked universe of 15 assets, RFI sits right near the top at #3. Neither side won the trailing year by much: +5.3% 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.
JRI vs RFI: side by side
| JRI (Nuveen Real Asset Income and Growth Fund) | RFI (Cohen & Steers Total Return Realty Fund, Inc.) | |
|---|---|---|
| 1-year return | +5.3% | +3.7% |
| 5-year return | +31.7% | +5.1% |
| Volatility (ann.) | 17.0% | 18.1% |
| Beta vs S&P 500 | 0.64 | 0.57 |
| Max drawdown (3Y) | -13.7% | -16.2% |
| Market cap | $0.3B | – |
| P/E (trailing) | 7.0 | 27.1 |
| Dividend yield | 0.00% | 8.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JRI | RFI |
|---|---|---|
| 2022 | -20.8% | -22.1% |
| 2023 | +10.1% | +4.4% |
| 2024 | +16.3% | +6.6% |
| 2025 | +26.8% | +3.6% |
| 2026 | -0.4% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRI and RFI good diversifiers for each other?
Only partially. A correlation of 0.74 means JRI and RFI 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 JRI and RFI?
The JRI/RFI correlation stands at 0.74 on a 3-year window (1 year: 0.70, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is RFI a good diversifier for JRI?
Only partially. A correlation of 0.74 means JRI and RFI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 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/jri-vs-rfi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jri-vs-rfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JRI correlations · RFI correlations
