PLD vs RQI: Correlation
Measured on weekly returns over the past three years, Prologis (PLD) and Cohen & Steers Quality Income Realty Fund Inc (RQI) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLD and RQI?
On 3 years of weekly data the PLD/RQI correlation comes out at 0.74, strong. The past 12 months show a weaker link (0.58) than the 3-year average (0.74). The 5-year figure is 0.76, and annualized covariance runs at 412.9 %².
Within PLD's tracked universe of 40 assets, RQI comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PLD outperformed by 21.4 percentage points (+30.0% for PLD 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.
PLD vs RQI: side by side
| PLD (Prologis) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | +30.0% | +8.6% |
| 5-year return | +22.5% | +16.3% |
| Volatility (ann.) | 25.8% | 21.6% |
| Beta vs S&P 500 | 0.90 | 0.77 |
| Max drawdown (3Y) | -31.4% | -21.0% |
| Market cap | $137.9B | $1.7B |
| P/E (trailing) | 31.7 | 35.2 |
| Dividend yield | 2.92% | 7.74% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | PLD | RQI |
|---|---|---|
| 2022 | -31.3% | -31.1% |
| 2023 | +21.6% | +15.7% |
| 2024 | -18.1% | +8.0% |
| 2025 | +25.1% | +2.1% |
| 2026 | +12.8% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLD and RQI good diversifiers for each other?
Only partially. A correlation of 0.74 means PLD and RQI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PLD and RQI?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.58 over the last year and 0.76 over 5 years.
Is RQI a good diversifier for PLD?
Only partially. A correlation of 0.74 means PLD and RQI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 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/pld-vs-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pld-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PLD correlations · RQI correlations
