Cohen Steers Correlations

RNP Fund

USD 21.88 0.08 0.36%

The current 90-days correlation between Cohen Steers Reit and Cohen And Steers is 0.69 (i.e., Poor diversification). The correlation of Cohen Steers is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Cohen Steers Correlation With Market

Very weak diversification

The correlation between Cohen Steers Reit and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Reit and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Cohen Steers Reit. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Cohen Fund, please use our How to Invest in Cohen Steers guide.

Moving together with Cohen Fund

0.88	VTISX	Vanguard Total Inter	Pair Corr
0.88	VTSNX	Vanguard Total Inter	Pair Corr
0.88	VTPSX	Vanguard Total Inter	Pair Corr
0.78	WATCX	Western Asset Interm	Pair Corr
0.91	RBBCX	Columbia Income Builder	Pair Corr
0.61	ARRZX	Amg River Road	Pair Corr
0.79	MINFX	Mfs International Value	Pair Corr
0.83	GIGGX	Deutsche Gnma	Pair Corr
0.96	CBURX	Columbia Income Builder	Pair Corr
0.95	BACPX	Blackrock Conservative	Pair Corr
0.76	REMVX	Rbc Emerging Markets	Pair Corr
0.9	DURIX	Deutsche European Equity	Pair Corr
0.84	NHILX	Neuberger Berman High	Pair Corr
0.76	CCLFX	Cliffwater Corporate	Pair Corr
0.91	MNCIX	Pro-blend(r) Conservative	Pair Corr
0.88	VMSAX	Vanguard Multi Sector	Pair Corr
0.78	ACCSX	Access Capital Munity	Pair Corr
0.78	WCCFX	Wealthbuilder Conservative	Pair Corr
0.87	RIRFX	Capital Income Builder	Pair Corr
0.88	PCCFX	Prudential Income Builder	Pair Corr
0.87	CITEX	American High Income	Pair Corr
0.79	THYAX	High Yield Fund	Pair Corr
0.86	PDINX	Putnam Diversified Income	Pair Corr
0.7	ASBFX	Short Term Bond	Pair Corr
0.82	NWJJX	Nationwide Highmark Bond	Pair Corr
0.86	XSWZX	Swiss Helvetia	Pair Corr
0.76	HIMZX	Virtus Low Duration	Pair Corr
0.86	PUGCX	Putnam Global Equity	Pair Corr
0.79	BRKRX	Mfs Blended Research	Pair Corr

Moving against Cohen Fund

0.61

ABQYX

Ab Intermediate Bond

Pair Corr

Related Correlations Analysis

	UTF	RFI	UTG	BST	RQI	PTY	HQH	DNP	PDI	MCI
UTF		0.78	0.57	-0.16	0.69	0.73	0.62	0.91	0.87	0.44	UTF
RFI	0.78		0.5	0.07	0.92	0.88	0.76	0.79	0.85	0.51	RFI
UTG	0.57	0.5		0.63	0.51	0.63	0.62	0.51	0.4	0.67	UTG
BST	-0.16	0.07	0.63		0.21	0.29	0.4	-0.19	-0.21	0.58	BST
RQI	0.69	0.92	0.51	0.21		0.89	0.84	0.7	0.79	0.55	RQI
PTY	0.73	0.88	0.63	0.29	0.89		0.93	0.79	0.84	0.7	PTY
HQH	0.62	0.76	0.62	0.4	0.84	0.93		0.69	0.72	0.69	HQH
DNP	0.91	0.79	0.51	-0.19	0.7	0.79	0.69		0.95	0.43	DNP
PDI	0.87	0.85	0.4	-0.21	0.79	0.84	0.72	0.95		0.44	PDI
MCI	0.44	0.51	0.67	0.58	0.55	0.7	0.69	0.43	0.44		MCI
	UTF	RFI	UTG	BST	RQI	PTY	HQH	DNP	PDI	MCI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PDI	+ 0.95	DNP
HQH	+ 0.93	PTY
RQI	+ 0.92	RFI
DNP	+ 0.91	UTF
PTY	+ 0.89	RQI
PTY	+ 0.88	RFI

High negative correlations

PDI	- 0.21	BST
DNP	- 0.19	BST
BST	- 0.16	UTF

Risk-Adjusted Indicators

There is a big difference between Cohen Fund performing well and Cohen Steers Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cohen Steers' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
UTF	0.67	0.08	0.15	0.12	0.77	(0.75)	1.61	(1.66)	3.59
RFI	0.70	0.02	0.06	(0.02)	0.92	(0.73)	1.26	(1.67)	4.04
UTG	0.94	0.07	0.06	0.05	1.49	(0.82)	1.92	(2.50)	5.69
BST	1.13	(0.12)	0.00	0.44	0.00	0.00	1.92	(2.99)	7.66
RQI	0.88	(0.03)	0.05	0.04	1.30	(0.83)	1.81	(1.93)	4.75
PTY	0.21	0.02	0.18	0.05	0.35	(0.21)	0.42	(0.50)	1.82
HQH	0.89	(0.03)	0.00	0.26	0.00	0.00	1.62	(1.69)	3.79
DNP	0.72	0.11	0.15	0.22	0.85	(0.82)	1.54	(1.79)	5.33
PDI	0.34	0.12	0.30	0.54	0.33	(0.37)	0.82	(0.71)	2.07
MCI	1.22	0.06	0.06	(0.50)	2.16	(1.14)	3.28	(2.74)	13.19

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