PDT vs RFI: Correlation
How closely do John Hancock Premium Dividend Fund (PDT) and Cohen & Steers Total Return Realty Fund, Inc. (RFI) trade together? Their weekly returns over three years give a correlation of 0.77, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDT and RFI?
On 3 years of weekly data the PDT/RFI correlation comes out at 0.77, strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 222.0 %².
Few assets follow PDT as closely as RFI, which ranks #2 of 12 tracked partners. Neither side won the trailing year by much: +1.3% 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.
PDT vs RFI: side by side
| PDT (John Hancock Premium Dividend Fund) | RFI (Cohen & Steers Total Return Realty Fund, Inc.) | |
|---|---|---|
| 1-year return | +1.3% | +3.7% |
| 5-year return | +12.6% | +5.1% |
| Volatility (ann.) | 15.8% | 18.1% |
| Beta vs S&P 500 | 0.52 | 0.57 |
| Max drawdown (3Y) | -11.8% | -16.2% |
| Market cap | – | – |
| P/E (trailing) | 4.9 | 27.1 |
| Dividend yield | 7.83% | 8.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDT | RFI |
|---|---|---|
| 2022 | -16.3% | -22.1% |
| 2023 | -9.5% | +4.4% |
| 2024 | +30.0% | +6.6% |
| 2025 | +7.7% | +3.6% |
| 2026 | +4.5% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDT and RFI good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PDT and RFI?
As of 2026-08-27, the correlation of weekly returns between PDT and RFI is 0.77 over 3 years, 0.73 over 1 year and 0.70 over 5 years.
Is RFI a good diversifier for PDT?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 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/pdt-vs-rfi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pdt-vs-rfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PDT correlations · RFI correlations
