DPG vs GLU: Correlation
Measured on weekly returns over the past three years, Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and Gabelli Global Utility (GLU) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPG and GLU?
Over the past 3 years, DPG and GLU moved with a correlation of 0.59, which is moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 177.9 %².
Among the 30 assets we track against DPG, GLU ranks #16 by 3-year correlation. The trailing year gives DPG the advantage: +21.3% versus +15.5%, a 5.8-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 GLU: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | GLU (Gabelli Global Utility) | |
|---|---|---|
| 1-year return | +21.3% | +15.5% |
| 5-year return | +54.4% | +33.9% |
| Volatility (ann.) | 17.8% | 16.8% |
| Beta vs S&P 500 | 0.36 | 0.45 |
| Max drawdown (3Y) | -14.2% | -17.9% |
| Market cap | $0.5B | – |
| P/E (trailing) | 3.4 | 3.9 |
| Dividend yield | 0.00% | 6.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPG | GLU |
|---|---|---|
| 2022 | +3.1% | -28.1% |
| 2023 | -25.1% | +2.1% |
| 2024 | +38.2% | +23.6% |
| 2025 | +16.3% | +37.9% |
| 2026 | +19.5% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and GLU good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DPG and GLU?
As of 2026-08-27, the correlation of weekly returns between DPG and GLU is 0.59 over 3 years, 0.52 over 1 year and 0.52 over 5 years.
Is GLU a good diversifier for DPG?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dpg-vs-glu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dpg-vs-glu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DPG correlations · GLU correlations
