RFI vs RQI: Correlation
Cohen & Steers Total Return Realty Fund, Inc. (RFI) and Cohen & Steers Quality Income Realty Fund Inc (RQI) show a very strong relationship: their 3-year correlation of weekly returns is 0.90.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RFI and RQI?
On 3 years of weekly data the RFI/RQI correlation comes out at 0.90, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.87 over 1 year against 0.90 over 3. The 5-year figure is 0.86, and annualized covariance runs at 352.1 %².
In RFI's tracked universe of 39 assets, RQI sits right near the top at #1. Twelve-month performance is nearly a tie, at +3.7% for RFI and +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.
RFI vs RQI: side by side
| RFI (Cohen & Steers Total Return Realty Fund, Inc.) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | +3.7% | +8.6% |
| 5-year return | +5.1% | +16.3% |
| Volatility (ann.) | 18.1% | 21.6% |
| Beta vs S&P 500 | 0.57 | 0.77 |
| Max drawdown (3Y) | -16.2% | -21.0% |
| Market cap | – | $1.7B |
| P/E (trailing) | 27.1 | 35.2 |
| Dividend yield | 8.41% | 7.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RFI | RQI |
|---|---|---|
| 2022 | -22.1% | -31.1% |
| 2023 | +4.4% | +15.7% |
| 2024 | +6.6% | +8.0% |
| 2025 | +3.6% | +2.1% |
| 2026 | +8.9% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RFI and RQI good diversifiers for each other?
No. With a correlation of 0.90, RFI and RQI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between RFI and RQI?
As of 2026-08-27, the correlation of weekly returns between RFI and RQI is 0.90 over 3 years, 0.87 over 1 year and 0.86 over 5 years.
Is RQI a good diversifier for RFI?
No. With a correlation of 0.90, RFI and RQI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.90 mean?
On the −1 to +1 scale, 0.90 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rfi-vs-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rfi-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RFI correlations · RQI correlations
