REG vs RQI: Correlation
Measured on weekly returns over the past three years, Regency Centers (REG) and Cohen & Steers Quality Income Realty Fund Inc (RQI) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REG and RQI?
Across a 3-year window, the weekly returns of REG and RQI correlate at 0.70, strong. The link has loosened recently: the 1-year correlation (0.58) runs below the 3-year figure (0.70). Stretching to 5 years gives 0.71, with an annualized covariance of 268.0 %².
By 3-year correlation, RQI places #13 of the 41 assets tracked against REG. Neither side won the trailing year by much: +8.4% against +8.6%.
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.
REG vs RQI: side by side
| REG (Regency Centers) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | +8.4% | +8.6% |
| 5-year return | +35.2% | +16.3% |
| Volatility (ann.) | 17.8% | 21.6% |
| Beta vs S&P 500 | 0.34 | 0.77 |
| Max drawdown (3Y) | -15.1% | -21.0% |
| Market cap | $14.1B | $1.7B |
| P/E (trailing) | 25.5 | 35.2 |
| Dividend yield | 3.89% | 7.74% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | REG | RQI |
|---|---|---|
| 2022 | -13.6% | -31.1% |
| 2023 | +11.9% | +15.7% |
| 2024 | +14.9% | +8.0% |
| 2025 | -2.8% | +2.1% |
| 2026 | +11.4% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REG and RQI good diversifiers for each other?
To a limited degree. At 0.70 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 REG and RQI?
As of 2026-08-27, the correlation of weekly returns between REG and RQI is 0.70 over 3 years, 0.58 over 1 year and 0.71 over 5 years.
Is RQI a good diversifier for REG?
To a limited degree. At 0.70 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 0.70 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/reg-vs-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/reg-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: REG correlations · RQI correlations
