RFI vs T: Correlation
How closely do Cohen & Steers Total Return Realty Fund, Inc. (RFI) and AT&T (T) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RFI and T?
On 3 years of weekly data the RFI/T correlation comes out at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.26) sits close to the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 142.4 %².
T is close to the least connected end of RFI's tracked universe, ranking #35 of 39. The trailing year gives RFI the advantage: +3.7% versus -8.4%, a 12.1-point spread.
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 T: side by side
| RFI (Cohen & Steers Total Return Realty Fund, Inc.) | T (AT&T) | |
|---|---|---|
| 1-year return | +3.7% | -8.4% |
| 5-year return | +5.1% | +67.2% |
| Volatility (ann.) | 18.1% | 22.4% |
| Beta vs S&P 500 | 0.57 | 0.05 |
| Max drawdown (3Y) | -16.2% | -28.9% |
| Market cap | – | $174.3B |
| P/E (trailing) | 27.1 | 8.4 |
| Dividend yield | 8.41% | 4.29% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | RFI | T |
|---|---|---|
| 2022 | -22.1% | +6.5% |
| 2023 | +4.4% | -2.7% |
| 2024 | +6.6% | +44.1% |
| 2025 | +3.6% | +14.0% |
| 2026 | +8.9% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RFI and T good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RFI and T?
As of 2026-08-27, the correlation of weekly returns between RFI and T is 0.35 over 3 years, 0.26 over 1 year and 0.30 over 5 years.
Is T a good diversifier for RFI?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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.
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Related comparisons
Hubs: RFI correlations · T correlations
