O vs RQI: Correlation
Realty Income (O) and Cohen & Steers Quality Income Realty Fund Inc (RQI) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are O and RQI?
On 3 years of weekly data the O/RQI correlation comes out at 0.66, strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. The 5-year figure is 0.68, and annualized covariance runs at 246.4 %².
By 3-year correlation, RQI places #11 of the 44 assets tracked against O. Their 12-month results are close: +11.3% for O against +8.6% for RQI.
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.
O vs RQI: side by side
| O (Realty Income) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | +11.3% | +8.6% |
| 5-year return | +14.5% | +16.3% |
| Volatility (ann.) | 17.3% | 21.6% |
| Beta vs S&P 500 | 0.21 | 0.77 |
| Max drawdown (3Y) | -19.3% | -21.0% |
| Market cap | $58.5B | $1.7B |
| P/E (trailing) | 45.4 | 35.2 |
| Dividend yield | 5.20% | 7.74% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | O | RQI |
|---|---|---|
| 2022 | -7.4% | -31.1% |
| 2023 | -4.5% | +15.7% |
| 2024 | -2.1% | +8.0% |
| 2025 | +12.2% | +2.1% |
| 2026 | +13.0% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are O and RQI good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between O and RQI?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.71 over the last year and 0.68 over 5 years.
Is RQI a good diversifier for O?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
A reading of 0.66 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/o-vs-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/o-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: O correlations · RQI correlations
