RQI vs VXX: Correlation
Measured on weekly returns over the past three years, Cohen & Steers Quality Income Realty Fund Inc (RQI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.42, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RQI and VXX?
Over the past 3 years, RQI and VXX moved with a correlation of -0.42, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Over 5 years the correlation is -0.45, and the annualized covariance of weekly returns is -553.6 %².
Among the 48 assets we track against RQI, VXX sits near the bottom by co-movement, at rank #47. Their recent paths diverged sharply: over the last 12 months RQI outperformed by 58.3 percentage points (+8.6% for RQI against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.8 times the volatility of the other side.
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 VXX: side by side
| RQI (Cohen & Steers Quality Income Realty Fund Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +8.6% | -49.7% |
| 5-year return | +16.3% | -95.6% |
| Volatility (ann.) | 21.6% | 60.9% |
| Beta vs S&P 500 | 0.77 | -3.31 |
| Max drawdown (3Y) | -21.0% | -83.3% |
| Market cap | $1.7B | – |
| P/E (trailing) | 35.2 | – |
| Dividend yield | 7.74% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RQI | VXX |
|---|---|---|
| 2022 | -31.1% | -23.8% |
| 2023 | +15.7% | -72.5% |
| 2024 | +8.0% | -26.2% |
| 2025 | +2.1% | -42.2% |
| 2026 | +14.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RQI and VXX good diversifiers for each other?
Yes. With a correlation of -0.42, RQI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RQI and VXX?
Using weekly returns as of 2026-08-27: -0.42 over 3 years, with -0.32 over the last year and -0.45 over 5 years.
Is VXX a good diversifier for RQI?
Yes. With a correlation of -0.42, RQI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.42 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-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rqi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RQI correlations · VXX correlations
