QQQ vs RFI: Correlation
How closely do Invesco QQQ Trust (QQQ) and Cohen & Steers Total Return Realty Fund, Inc. (RFI) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RFI?
Across a 3-year window, the weekly returns of QQQ and RFI correlate at 0.31, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.31 over 3 years. Stretching to 5 years gives 0.47, with an annualized covariance of 108.2 %².
Among the 4755 assets we track against QQQ, RFI ranks #1423 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 22.6 percentage points (+26.3% for QQQ against +3.7% for RFI).
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.
QQQ vs RFI: side by side
| QQQ (Invesco QQQ Trust) | RFI (Cohen & Steers Total Return Realty Fund, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +3.7% |
| 5-year return | +95.4% | +5.1% |
| Volatility (ann.) | 19.6% | 18.1% |
| Beta vs S&P 500 | 1.28 | 0.57 |
| Max drawdown (3Y) | -22.8% | -16.2% |
| Market cap | – | – |
| P/E (trailing) | – | 27.1 |
| Dividend yield | 0.44% | 8.41% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | RFI |
|---|---|---|
| 2022 | -32.6% | -22.1% |
| 2023 | +54.9% | +4.4% |
| 2024 | +25.6% | +6.6% |
| 2025 | +20.8% | +3.6% |
| 2026 | +17.7% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RFI good diversifiers for each other?
Reasonably. At 0.31, QQQ and RFI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and RFI?
The QQQ/RFI correlation stands at 0.31 on a 3-year window (1 year: 0.16, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is RFI a good diversifier for QQQ?
Reasonably. At 0.31, QQQ and RFI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 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/qqq-vs-rfi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · RFI correlations
