Cohen Steers Correlations

RFI Fund

USD 12.97 0.19 1.44%

The current 90-days correlation between Cohen Steers Total and Tekla Healthcare Investors is 0.33 (i.e., Weak 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.

Cohen Steers Correlation With Market

Significant diversification

The correlation between Cohen Steers Total and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Total 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 Total. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in census.

For more detail on how to invest in Cohen Fund please use our How to Invest in Cohen Steers guide.

Moving against Cohen Fund

0.48	PEO	Adams Natural Resources	Pair Corr
0.39	BDJ	Blackrock Enhanced Equity	Pair Corr
0.35	VFIAX	Vanguard 500 Index	Pair Corr
0.35	VFINX	Vanguard 500 Index	Pair Corr
0.53	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.48	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.41	HPQ	HP Inc	Pair Corr
0.38	CSCO	Cisco Systems Aggressive Push	Pair Corr

Related Correlations Analysis

	HQH	HQL	RNP	XFLT	THW	RVT	BTO	ETO	LDP	FFC
HQH		0.89	0.51	-0.77	0.82	-0.48	-0.73	-0.07	-0.16	0.54	HQH
HQL	0.89		0.58	-0.61	0.77	-0.24	-0.54	0.13	0.01	0.64	HQL
RNP	0.51	0.58		-0.41	0.6	-0.3	-0.4	-0.01	-0.05	0.5	RNP
XFLT	-0.77	-0.61	-0.41		-0.89	0.78	0.94	0.34	0.27	-0.54	XFLT
THW	0.82	0.77	0.6	-0.89		-0.58	-0.86	-0.07	-0.07	0.64	THW
RVT	-0.48	-0.24	-0.3	0.78	-0.58		0.86	0.75	0.62	-0.15	RVT
BTO	-0.73	-0.54	-0.4	0.94	-0.86	0.86		0.38	0.26	-0.5	BTO
ETO	-0.07	0.13	-0.01	0.34	-0.07	0.75	0.38		0.79	0.28	ETO
LDP	-0.16	0.01	-0.05	0.27	-0.07	0.62	0.26	0.79		0.48	LDP
FFC	0.54	0.64	0.5	-0.54	0.64	-0.15	-0.5	0.28	0.48		FFC
	HQH	HQL	RNP	XFLT	THW	RVT	BTO	ETO	LDP	FFC

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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

BTO	+ 0.94	XFLT
HQL	+ 0.89	HQH
BTO	+ 0.86	RVT
THW	+ 0.82	HQH
LDP	+ 0.79	ETO
RVT	+ 0.78	XFLT

High negative correlations

THW	- 0.89	XFLT
BTO	- 0.86	THW
XFLT	- 0.77	HQH
BTO	- 0.73	HQH
XFLT	- 0.61	HQL
RVT	- 0.58	THW

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
HQH	0.70	(0.21)	0.00	(0.20)	0.00	0.00	1.08	(1.56)	6.31
HQL	0.84	(0.13)	0.00	(0.05)	0.00	0.00	1.51	(1.95)	6.65
RNP	0.86	0.01	(0.08)	0.20	1.01	(0.92)	1.79	(1.78)	4.54
XFLT	0.24	0.07	(0.14)	1.79	0.00	(0.33)	0.61	(0.45)	1.19
THW	0.66	(0.13)	0.00	(0.22)	0.00	0.00	0.93	(1.47)	4.29
RVT	0.87	(0.03)	0.02	0.10	0.93	(0.97)	1.88	(1.59)	8.39
BTO	0.90	0.10	0.15	0.20	0.72	(0.99)	1.88	(1.32)	9.88
ETO	0.56	(0.04)	(0.09)	0.06	0.85	(0.49)	1.13	(1.49)	3.50
LDP	0.51	0.05	(0.08)	0.30	0.43	(0.58)	1.13	(0.93)	3.08
FFC	0.47	0.03	(0.13)	0.40	0.61	(0.48)	1.17	(0.99)	3.02

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