MAA vs RFI: Correlation
Measured on weekly returns over the past three years, Mid-America Apartment Communities (MAA) and Cohen & Steers Total Return Realty Fund, Inc. (RFI) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAA and RFI?
Across a 3-year window, the weekly returns of MAA and RFI correlate at 0.62, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Stretching to 5 years gives 0.64, with an annualized covariance of 230.0 %².
By 3-year correlation, RFI places #15 of the 31 assets tracked against MAA. On 12-month performance RFI holds a 10.3-point edge, -6.6% 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.
MAA vs RFI: side by side
| MAA (Mid-America Apartment Communities) | RFI (Cohen & Steers Total Return Realty Fund, Inc.) | |
|---|---|---|
| 1-year return | -6.6% | +3.7% |
| 5-year return | -19.3% | +5.1% |
| Volatility (ann.) | 20.3% | 18.1% |
| Beta vs S&P 500 | 0.49 | 0.57 |
| Max drawdown (3Y) | -26.4% | -16.2% |
| Market cap | $15.3B | – |
| P/E (trailing) | 37.7 | 27.1 |
| Dividend yield | 4.63% | 8.41% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | MAA | RFI |
|---|---|---|
| 2022 | -29.7% | -22.1% |
| 2023 | -11.1% | +4.4% |
| 2024 | +19.9% | +6.6% |
| 2025 | -6.4% | +3.6% |
| 2026 | -4.0% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAA and RFI good diversifiers for each other?
To a limited degree. At 0.62 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 MAA and RFI?
The MAA/RFI correlation stands at 0.62 on a 3-year window (1 year: 0.65, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is RFI a good diversifier for MAA?
To a limited degree. At 0.62 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 0.62 mean?
On the −1 to +1 scale, 0.62 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/maa-vs-rfi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/maa-vs-rfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MAA correlations · RFI correlations
