PSA vs RFI: Correlation
Measured on weekly returns over the past three years, Public Storage (PSA) and Cohen & Steers Total Return Realty Fund, Inc. (RFI) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSA and RFI?
Across a 3-year window, the weekly returns of PSA and RFI correlate at 0.64, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.64 over 3. Stretching to 5 years gives 0.62, with an annualized covariance of 268.3 %².
By 3-year correlation, RFI places #13 of the 33 assets tracked against PSA. On 12-month performance PSA holds a 7.6-point edge, +11.3% 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.
PSA vs RFI: side by side
| PSA (Public Storage) | RFI (Cohen & Steers Total Return Realty Fund, Inc.) | |
|---|---|---|
| 1-year return | +11.3% | +3.7% |
| 5-year return | +20.9% | +5.1% |
| Volatility (ann.) | 23.0% | 18.1% |
| Beta vs S&P 500 | 0.59 | 0.57 |
| Max drawdown (3Y) | -25.6% | -16.2% |
| Market cap | $58.1B | – |
| P/E (trailing) | 30.3 | 27.1 |
| Dividend yield | 3.78% | 8.41% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | PSA | RFI |
|---|---|---|
| 2022 | -20.2% | -22.1% |
| 2023 | +13.6% | +4.4% |
| 2024 | +2.1% | +6.6% |
| 2025 | -9.7% | +3.6% |
| 2026 | +22.3% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSA and RFI good diversifiers for each other?
To a limited degree. At 0.64 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 PSA and RFI?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.71 over the last year and 0.62 over 5 years.
Is RFI a good diversifier for PSA?
To a limited degree. At 0.64 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 0.64 mean?
A reading of 0.64 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/psa-vs-rfi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psa-vs-rfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PSA correlations · RFI correlations
