DPG vs ENB: Correlation
Measured on weekly returns over the past three years, Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and Enbridge Inc (ENB) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPG and ENB?
On 3 years of weekly data the DPG/ENB correlation comes out at 0.62, strong. The link has loosened recently: the 1-year correlation (0.49) runs below the 3-year figure (0.62). The 5-year figure is 0.59, and annualized covariance runs at 193.6 %².
By 3-year correlation, ENB places #11 of the 30 assets tracked against DPG. The trailing year gives DPG the advantage: +21.3% versus +9.1%, a 12.2-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.
DPG vs ENB: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | ENB (Enbridge Inc) | |
|---|---|---|
| 1-year return | +21.3% | +9.1% |
| 5-year return | +54.4% | +71.0% |
| Volatility (ann.) | 17.8% | 17.6% |
| Beta vs S&P 500 | 0.36 | 0.05 |
| Max drawdown (3Y) | -14.2% | -13.1% |
| Market cap | $0.5B | $109.1B |
| P/E (trailing) | 3.4 | 26.7 |
| Dividend yield | 0.00% | 7.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPG | ENB |
|---|---|---|
| 2022 | +3.1% | +6.5% |
| 2023 | -25.1% | -1.1% |
| 2024 | +38.2% | +26.4% |
| 2025 | +16.3% | +17.8% |
| 2026 | +19.5% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and ENB good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DPG and ENB?
As of 2026-08-27, the correlation of weekly returns between DPG and ENB is 0.62 over 3 years, 0.49 over 1 year and 0.59 over 5 years.
Is ENB a good diversifier for DPG?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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/dpg-vs-enb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dpg-vs-enb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DPG correlations · ENB correlations
