RQI vs SNN: Correlation
Cohen & Steers Quality Income Realty Fund Inc (RQI) and Smith & Nephew SNATS, Inc. (SNN) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RQI and SNN?
Across a 3-year window, the weekly returns of RQI and SNN correlate at 0.49, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.49 over 3. Stretching to 5 years gives 0.47, with an annualized covariance of 279.6 %².
Within RQI's tracked universe of 48 assets, SNN comes in at #38 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RQI ahead by 28.6 points (+8.6% versus -20.0%).
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 SNN: side by side
| RQI (Cohen & Steers Quality Income Realty Fund Inc) | SNN (Smith & Nephew SNATS, Inc.) | |
|---|---|---|
| 1-year return | +8.6% | -20.0% |
| 5-year return | +16.3% | -13.6% |
| Volatility (ann.) | 21.6% | 26.3% |
| Beta vs S&P 500 | 0.77 | 0.60 |
| Max drawdown (3Y) | -21.0% | -24.0% |
| Market cap | $1.7B | $12.2B |
| P/E (trailing) | 35.2 | 20.0 |
| Dividend yield | 7.74% | 1.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RQI | SNN |
|---|---|---|
| 2022 | -31.1% | -20.2% |
| 2023 | +15.7% | +4.4% |
| 2024 | +8.0% | -7.3% |
| 2025 | +2.1% | +36.8% |
| 2026 | +14.3% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RQI and SNN good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RQI and SNN?
As of 2026-08-27, the correlation of weekly returns between RQI and SNN is 0.49 over 3 years, 0.49 over 1 year and 0.47 over 5 years.
Is SNN a good diversifier for RQI?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/rqi-vs-snn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rqi-vs-snn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RQI correlations · SNN correlations
