RQI vs WELL: Correlation
Measured on weekly returns over the past three years, Cohen & Steers Quality Income Realty Fund Inc (RQI) and Welltower (WELL) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RQI and WELL?
Across a 3-year window, the weekly returns of RQI and WELL correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.60, with an annualized covariance of 259.0 %².
Within RQI's tracked universe of 48 assets, WELL comes in at #33 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WELL outperformed by 36.3 percentage points (+8.6% for RQI against +44.9% for WELL).
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 WELL: side by side
| RQI (Cohen & Steers Quality Income Realty Fund Inc) | WELL (Welltower) | |
|---|---|---|
| 1-year return | +8.6% | +44.9% |
| 5-year return | +16.3% | +214.9% |
| Volatility (ann.) | 21.6% | 21.2% |
| Beta vs S&P 500 | 0.77 | 0.30 |
| Max drawdown (3Y) | -21.0% | -13.0% |
| Market cap | $1.7B | $172.6B |
| P/E (trailing) | 35.2 | 108.9 |
| Dividend yield | 7.74% | 1.27% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | RQI | WELL |
|---|---|---|
| 2022 | -31.1% | -21.2% |
| 2023 | +15.7% | +41.8% |
| 2024 | +8.0% | +43.1% |
| 2025 | +2.1% | +49.9% |
| 2026 | +14.3% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RQI and WELL good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RQI and WELL?
As of 2026-08-27, the correlation of weekly returns between RQI and WELL is 0.57 over 3 years, 0.51 over 1 year and 0.60 over 5 years.
Is WELL a good diversifier for RQI?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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.
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Related comparisons
Hubs: RQI correlations · WELL correlations
