DPG vs ERH: Correlation
How closely do Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and Allspring Utilities and High Income Fund (ERH) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPG and ERH?
Across a 3-year window, the weekly returns of DPG and ERH correlate at 0.76, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. Stretching to 5 years gives 0.66, with an annualized covariance of 201.6 %².
Within DPG's tracked universe of 30 assets, ERH comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DPG outperformed by 18.1 percentage points (+21.3% for DPG against +3.2% for ERH).
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 ERH: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | ERH (Allspring Utilities and High Income Fund) | |
|---|---|---|
| 1-year return | +21.3% | +3.2% |
| 5-year return | +54.4% | +17.1% |
| Volatility (ann.) | 17.8% | 14.9% |
| Beta vs S&P 500 | 0.36 | 0.33 |
| Max drawdown (3Y) | -14.2% | -16.2% |
| Market cap | $0.5B | – |
| P/E (trailing) | 3.4 | 4.6 |
| Dividend yield | 0.00% | 8.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPG | ERH |
|---|---|---|
| 2022 | +3.1% | -18.4% |
| 2023 | -25.1% | -10.5% |
| 2024 | +38.2% | +25.7% |
| 2025 | +16.3% | +19.8% |
| 2026 | +19.5% | +2.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and ERH good diversifiers for each other?
To a limited degree. At 0.76 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 DPG and ERH?
As of 2026-08-27, the correlation of weekly returns between DPG and ERH is 0.76 over 3 years, 0.76 over 1 year and 0.66 over 5 years.
Is ERH a good diversifier for DPG?
To a limited degree. At 0.76 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 0.76 mean?
On the −1 to +1 scale, 0.76 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-erh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dpg-vs-erh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DPG correlations · ERH correlations
