DNP vs DPG: Correlation
Measured on weekly returns over the past three years, DNP Select Income Fund, Inc. (DNP) and Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNP and DPG?
Over the past 3 years, DNP and DPG moved with a correlation of 0.63, which is strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 149.9 %².
Few assets follow DNP as closely as DPG, which ranks #2 of 10 tracked partners. Twelve-month performance is nearly a tie, at +18.8% for DNP and +21.3% for DPG.
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.
DNP vs DPG: side by side
| DNP (DNP Select Income Fund, Inc.) | DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | |
|---|---|---|
| 1-year return | +18.8% | +21.3% |
| 5-year return | +47.1% | +54.4% |
| Volatility (ann.) | 13.3% | 17.8% |
| Beta vs S&P 500 | 0.28 | 0.36 |
| Max drawdown (3Y) | -16.2% | -14.2% |
| Market cap | $4.1B | $0.5B |
| P/E (trailing) | 5.9 | 3.4 |
| Dividend yield | 7.08% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNP | DPG |
|---|---|---|
| 2022 | +11.0% | +3.1% |
| 2023 | -18.6% | -25.1% |
| 2024 | +13.4% | +38.2% |
| 2025 | +22.6% | +16.3% |
| 2026 | +14.1% | +19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNP and DPG good diversifiers for each other?
Only partially. A correlation of 0.63 means DNP and DPG 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 DNP and DPG?
As of 2026-08-27, the correlation of weekly returns between DNP and DPG is 0.63 over 3 years, 0.68 over 1 year and 0.52 over 5 years.
Is DPG a good diversifier for DNP?
Only partially. A correlation of 0.63 means DNP and DPG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 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/dnp-vs-dpg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dnp-vs-dpg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DNP correlations · DPG correlations
