JRS vs RQI: Correlation
How closely do Nuveen Real Estate Income Fund (JRS) and Cohen & Steers Quality Income Realty Fund Inc (RQI) trade together? Their weekly returns over three years give a correlation of 0.86, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRS and RQI?
On 3 years of weekly data the JRS/RQI correlation comes out at 0.86, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.76) sits close to the 3-year figure. The 5-year figure is 0.87, and annualized covariance runs at 392.5 %².
In JRS's tracked universe of 49 assets, RQI sits right near the top at #3. On 12-month performance JRS holds a 5.8-point edge, +14.4% 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.
JRS vs RQI: side by side
| JRS (Nuveen Real Estate Income Fund) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | +14.4% | +8.6% |
| 5-year return | +13.5% | +16.3% |
| Volatility (ann.) | 21.1% | 21.6% |
| Beta vs S&P 500 | 0.79 | 0.77 |
| Max drawdown (3Y) | -25.3% | -21.0% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | 35.2 |
| Dividend yield | 8.00% | 7.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JRS | RQI |
|---|---|---|
| 2022 | -35.6% | -31.1% |
| 2023 | +13.4% | +15.7% |
| 2024 | +19.7% | +8.0% |
| 2025 | -3.4% | +2.1% |
| 2026 | +15.2% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRS and RQI good diversifiers for each other?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between JRS and RQI?
The JRS/RQI correlation stands at 0.86 on a 3-year window (1 year: 0.76, 5 years: 0.87), computed from weekly returns as of 2026-08-27.
Is RQI a good diversifier for JRS?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.86 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/jrs-vs-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jrs-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JRS correlations · RQI correlations
