CCI vs UTF: Correlation
Crown Castle (CCI) and Cohen & Steers Infrastructure Fund, Inc (UTF) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCI and UTF?
On 3 years of weekly data the CCI/UTF correlation comes out at 0.59, moderate. The past 12 months show a weaker link (0.45) than the 3-year average (0.59). The 5-year figure is 0.62, and annualized covariance runs at 291.3 %².
By 3-year correlation, UTF places #9 of the 30 assets tracked against CCI. Correlation aside, the last 12 months split them widely, with UTF ahead by 32.0 points (-21.5% versus +10.5%). Risk is not evenly split, since CCI carries 1.6 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.
CCI vs UTF: side by side
| CCI (Crown Castle) | UTF (Cohen & Steers Infrastructure Fund, Inc) | |
|---|---|---|
| 1-year return | -21.5% | +10.5% |
| 5-year return | -50.4% | +35.3% |
| Volatility (ann.) | 28.4% | 17.3% |
| Beta vs S&P 500 | 0.22 | 0.36 |
| Max drawdown (3Y) | -33.0% | -15.0% |
| Market cap | $32.8B | – |
| P/E (trailing) | 30.9 | 6.9 |
| Dividend yield | 5.63% | 6.81% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CCI | UTF |
|---|---|---|
| 2022 | -32.6% | -9.7% |
| 2023 | -10.2% | -4.0% |
| 2024 | -16.4% | +22.2% |
| 2025 | +3.0% | +8.0% |
| 2026 | -13.5% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCI and UTF good diversifiers for each other?
Only partially. A correlation of 0.59 means CCI and UTF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CCI and UTF?
As of 2026-08-27, the correlation of weekly returns between CCI and UTF is 0.59 over 3 years, 0.45 over 1 year and 0.62 over 5 years.
Is UTF a good diversifier for CCI?
Only partially. A correlation of 0.59 means CCI and UTF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 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/cci-vs-utf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cci-vs-utf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCI correlations · UTF correlations
