MAA vs RQI: Correlation
Measured on weekly returns over the past three years, Mid-America Apartment Communities (MAA) and Cohen & Steers Quality Income Realty Fund Inc (RQI) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAA and RQI?
Across a 3-year window, the weekly returns of MAA and RQI correlate at 0.63, strong. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Stretching to 5 years gives 0.71, with an annualized covariance of 277.1 %².
Within MAA's tracked universe of 31 assets, RQI comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RQI ahead by 15.2 points (-6.6% versus +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.
MAA vs RQI: side by side
| MAA (Mid-America Apartment Communities) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | -6.6% | +8.6% |
| 5-year return | -19.3% | +16.3% |
| Volatility (ann.) | 20.3% | 21.6% |
| Beta vs S&P 500 | 0.49 | 0.77 |
| Max drawdown (3Y) | -26.4% | -21.0% |
| Market cap | $15.3B | $1.7B |
| P/E (trailing) | 37.7 | 35.2 |
| Dividend yield | 4.63% | 7.74% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | MAA | RQI |
|---|---|---|
| 2022 | -29.7% | -31.1% |
| 2023 | -11.1% | +15.7% |
| 2024 | +19.9% | +8.0% |
| 2025 | -6.4% | +2.1% |
| 2026 | -4.0% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAA and RQI good diversifiers for each other?
To a limited degree. At 0.63 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 RQI?
As of 2026-08-27, the correlation of weekly returns between MAA and RQI is 0.63 over 3 years, 0.58 over 1 year and 0.71 over 5 years.
Is RQI a good diversifier for MAA?
To a limited degree. At 0.63 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 0.63 mean?
On the −1 to +1 scale, 0.63 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-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/maa-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MAA correlations · RQI correlations
