RQI vs RYN: Correlation
Cohen & Steers Quality Income Realty Fund Inc (RQI) and Rayonier Inc. REIT (RYN) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RQI and RYN?
Across a 3-year window, the weekly returns of RQI and RYN correlate at 0.64, strong. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.64). Stretching to 5 years gives 0.64, with an annualized covariance of 354.3 %².
Among the 48 assets we track against RQI, RYN ranks #25 by 3-year correlation. The last year tells two different stories: RQI led by 21.7 percentage points, +8.6% for RQI against -13.1% for RYN.
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.
RQI vs RYN: side by side
| RQI (Cohen & Steers Quality Income Realty Fund Inc) | RYN (Rayonier Inc. REIT) | |
|---|---|---|
| 1-year return | +8.6% | -13.1% |
| 5-year return | +16.3% | -23.3% |
| Volatility (ann.) | 21.6% | 25.6% |
| Beta vs S&P 500 | 0.77 | 0.57 |
| Max drawdown (3Y) | -21.0% | -31.5% |
| Market cap | $1.7B | $6.2B |
| P/E (trailing) | 35.2 | 44.8 |
| Dividend yield | 7.74% | 5.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RQI | RYN |
|---|---|---|
| 2022 | -31.1% | -15.8% |
| 2023 | +15.7% | +5.8% |
| 2024 | +8.0% | -14.0% |
| 2025 | +2.1% | -8.0% |
| 2026 | +14.3% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RQI and RYN good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RQI and RYN?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.39 over the last year and 0.64 over 5 years.
Is RYN a good diversifier for RQI?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 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/rqi-vs-ryn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rqi-vs-ryn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RQI correlations · RYN correlations
