LH vs RQI: Correlation
Measured on weekly returns over the past three years, Labcorp (LH) and Cohen & Steers Quality Income Realty Fund Inc (RQI) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LH and RQI?
On 3 years of weekly data the LH/RQI correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. The 5-year figure is 0.54, and annualized covariance runs at 229.1 %².
In LH's tracked universe of 34 assets, RQI sits right near the top at #2. The trailing year gives LH the advantage: +21.8% versus +8.6%, a 13.2-point spread.
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.
LH vs RQI: side by side
| LH (Labcorp) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | +21.8% | +8.6% |
| 5-year return | +36.0% | +16.3% |
| Volatility (ann.) | 21.4% | 21.6% |
| Beta vs S&P 500 | 0.33 | 0.77 |
| Max drawdown (3Y) | -17.4% | -21.0% |
| Market cap | $27.3B | $1.7B |
| P/E (trailing) | 27.8 | 35.2 |
| Dividend yield | 0.86% | 7.74% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | LH | RQI |
|---|---|---|
| 2022 | -24.4% | -31.1% |
| 2023 | +13.8% | +15.7% |
| 2024 | +2.2% | +8.0% |
| 2025 | +10.6% | +2.1% |
| 2026 | +34.8% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LH and RQI good diversifiers for each other?
To a limited degree. At 0.50 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 LH and RQI?
As of 2026-08-27, the correlation of weekly returns between LH and RQI is 0.50 over 3 years, 0.44 over 1 year and 0.54 over 5 years.
Is RQI a good diversifier for LH?
To a limited degree. At 0.50 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 0.50 mean?
A reading of 0.50 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/lh-vs-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lh-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LH correlations · RQI correlations
