RQI vs UDR: Correlation
Cohen & Steers Quality Income Realty Fund Inc (RQI) and UDR, Inc. (UDR) 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 UDR?
Over the past 3 years, RQI and UDR moved with a correlation of 0.64, which is strong. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 291.0 %².
Within RQI's tracked universe of 48 assets, UDR comes in at #26 by 3-year correlation. Over the last 12 months RQI came out ahead by 9.2 percentage points (+8.6% against -0.6%).
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 UDR: side by side
| RQI (Cohen & Steers Quality Income Realty Fund Inc) | UDR (UDR, Inc.) | |
|---|---|---|
| 1-year return | +8.6% | -0.6% |
| 5-year return | +16.3% | -15.5% |
| Volatility (ann.) | 21.6% | 21.1% |
| Beta vs S&P 500 | 0.77 | 0.54 |
| Max drawdown (3Y) | -21.0% | -24.9% |
| Market cap | $1.7B | $13.6B |
| P/E (trailing) | 35.2 | 23.9 |
| Dividend yield | 7.74% | 4.56% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | RQI | UDR |
|---|---|---|
| 2022 | -31.1% | -33.4% |
| 2023 | +15.7% | +3.1% |
| 2024 | +8.0% | +18.3% |
| 2025 | +2.1% | -11.8% |
| 2026 | +14.3% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RQI and UDR good diversifiers for each other?
To a limited degree. At 0.64 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 RQI and UDR?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.59 over the last year and 0.69 over 5 years.
Is UDR a good diversifier for RQI?
To a limited degree. At 0.64 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 0.64 mean?
A reading of 0.64 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rqi-vs-udr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rqi-vs-udr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RQI correlations · UDR correlations
