JRS vs RFI: Correlation
How closely do Nuveen Real Estate Income Fund (JRS) and Cohen & Steers Total Return Realty Fund, Inc. (RFI) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRS and RFI?
Over the past 3 years, JRS and RFI moved with a correlation of 0.84, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.83 over 1 year against 0.84 over 3. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 320.4 %².
By 3-year correlation, RFI places #5 of the 49 assets tracked against JRS. On 12-month performance JRS holds a 10.7-point edge, +14.4% 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.
JRS vs RFI: side by side
| JRS (Nuveen Real Estate Income Fund) | RFI (Cohen & Steers Total Return Realty Fund, Inc.) | |
|---|---|---|
| 1-year return | +14.4% | +3.7% |
| 5-year return | +13.5% | +5.1% |
| Volatility (ann.) | 21.1% | 18.1% |
| Beta vs S&P 500 | 0.79 | 0.57 |
| Max drawdown (3Y) | -25.3% | -16.2% |
| Market cap | – | – |
| P/E (trailing) | – | 27.1 |
| Dividend yield | 8.00% | 8.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JRS | RFI |
|---|---|---|
| 2022 | -35.6% | -22.1% |
| 2023 | +13.4% | +4.4% |
| 2024 | +19.7% | +6.6% |
| 2025 | -3.4% | +3.6% |
| 2026 | +15.2% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRS and RFI good diversifiers for each other?
No. With a correlation of 0.84, JRS and RFI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between JRS and RFI?
The JRS/RFI correlation stands at 0.84 on a 3-year window (1 year: 0.83, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is RFI a good diversifier for JRS?
No. With a correlation of 0.84, JRS and RFI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
A reading of 0.84 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jrs-vs-rfi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jrs-vs-rfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JRS correlations · RFI correlations
