DNP vs UTF: Correlation
How closely do DNP Select Income Fund, Inc. (DNP) and Cohen & Steers Infrastructure Fund, Inc (UTF) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNP and UTF?
Over the past 3 years, DNP and UTF moved with a correlation of 0.60, which is strong. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 139.5 %².
By 3-year correlation, UTF places #5 of the 10 assets tracked against DNP. The trailing year gives DNP the advantage: +18.8% versus +10.5%, a 8.3-point spread.
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 UTF: side by side
| DNP (DNP Select Income Fund, Inc.) | UTF (Cohen & Steers Infrastructure Fund, Inc) | |
|---|---|---|
| 1-year return | +18.8% | +10.5% |
| 5-year return | +47.1% | +35.3% |
| Volatility (ann.) | 13.3% | 17.3% |
| Beta vs S&P 500 | 0.28 | 0.36 |
| Max drawdown (3Y) | -16.2% | -15.0% |
| Market cap | $4.1B | – |
| P/E (trailing) | 5.9 | 6.9 |
| Dividend yield | 7.08% | 6.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNP | UTF |
|---|---|---|
| 2022 | +11.0% | -9.7% |
| 2023 | -18.6% | -4.0% |
| 2024 | +13.4% | +22.2% |
| 2025 | +22.6% | +8.0% |
| 2026 | +14.1% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNP and UTF good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DNP and UTF?
As of 2026-08-27, the correlation of weekly returns between DNP and UTF is 0.60 over 3 years, 0.57 over 1 year and 0.61 over 5 years.
Is UTF a good diversifier for DNP?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dnp-vs-utf.json
Embed this badge (it refreshes with the data), with attribution:
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DNP correlations · UTF correlations
