DPG vs ES: Correlation
Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and Eversource Energy (ES) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPG and ES?
Across a 3-year window, the weekly returns of DPG and ES correlate at 0.61, strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 248.9 %².
Among the 30 assets we track against DPG, ES ranks #12 by 3-year correlation. Over the last 12 months DPG came out ahead by 6.8 percentage points (+21.3% against +14.5%).
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 ES: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | ES (Eversource Energy) | |
|---|---|---|
| 1-year return | +21.3% | +14.5% |
| 5-year return | +54.4% | -5.0% |
| Volatility (ann.) | 17.8% | 22.9% |
| Beta vs S&P 500 | 0.36 | 0.20 |
| Max drawdown (3Y) | -14.2% | -18.8% |
| Market cap | $0.5B | $26.7B |
| P/E (trailing) | 3.4 | 18.6 |
| Dividend yield | 0.00% | 4.30% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | DPG | ES |
|---|---|---|
| 2022 | +3.1% | -5.1% |
| 2023 | -25.1% | -23.4% |
| 2024 | +38.2% | -2.5% |
| 2025 | +16.3% | +22.9% |
| 2026 | +19.5% | +7.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and ES good diversifiers for each other?
Only partially. A correlation of 0.61 means DPG and ES 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 DPG and ES?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.61 over the last year and 0.55 over 5 years.
Is ES a good diversifier for DPG?
Only partially. A correlation of 0.61 means DPG and ES share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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-es.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dpg-vs-es/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DPG correlations · ES correlations
