RFI vs UTF: Correlation
Cohen & Steers Total Return Realty Fund, Inc. (RFI) and Cohen & Steers Infrastructure Fund, Inc (UTF) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RFI and UTF?
On 3 years of weekly data the RFI/UTF correlation comes out at 0.77, strong. Lately the two have drifted apart, with the 1-year correlation at 0.66 versus 0.77 over 3 years. The 5-year figure is 0.71, and annualized covariance runs at 242.2 %².
By 3-year correlation, UTF places #10 of the 39 assets tracked against RFI. The trailing year gives UTF the advantage: +3.7% versus +10.5%, a 6.8-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 UTF: side by side
| RFI (Cohen & Steers Total Return Realty Fund, Inc.) | UTF (Cohen & Steers Infrastructure Fund, Inc) | |
|---|---|---|
| 1-year return | +3.7% | +10.5% |
| 5-year return | +5.1% | +35.3% |
| Volatility (ann.) | 18.1% | 17.3% |
| Beta vs S&P 500 | 0.57 | 0.36 |
| Max drawdown (3Y) | -16.2% | -15.0% |
| Market cap | – | – |
| P/E (trailing) | 27.1 | 6.9 |
| Dividend yield | 8.41% | 6.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RFI | UTF |
|---|---|---|
| 2022 | -22.1% | -9.7% |
| 2023 | +4.4% | -4.0% |
| 2024 | +6.6% | +22.2% |
| 2025 | +3.6% | +8.0% |
| 2026 | +8.9% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RFI and UTF good diversifiers for each other?
To a limited degree. At 0.77 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 RFI and UTF?
As of 2026-08-27, the correlation of weekly returns between RFI and UTF is 0.77 over 3 years, 0.66 over 1 year and 0.71 over 5 years.
Is UTF a good diversifier for RFI?
To a limited degree. At 0.77 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 0.77 mean?
On the −1 to +1 scale, 0.77 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-utf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rfi-vs-utf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RFI correlations · UTF correlations
