DPG vs HTD: Correlation
Measured on weekly returns over the past three years, Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and John Hancock Tax Advantaged Dividend Income Fund (HTD) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPG and HTD?
Across a 3-year window, the weekly returns of DPG and HTD correlate at 0.79, strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. Stretching to 5 years gives 0.73, with an annualized covariance of 224.3 %².
In DPG's tracked universe of 30 assets, HTD sits right near the top at #2. On 12-month performance DPG holds a 10.3-point edge, +21.3% against +11.0%.
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 HTD: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | HTD (John Hancock Tax Advantaged Dividend Income Fund) | |
|---|---|---|
| 1-year return | +21.3% | +11.0% |
| 5-year return | +54.4% | +50.6% |
| Volatility (ann.) | 17.8% | 15.9% |
| Beta vs S&P 500 | 0.36 | 0.43 |
| Max drawdown (3Y) | -14.2% | -15.7% |
| Market cap | $0.5B | $0.9B |
| P/E (trailing) | 3.4 | 5.3 |
| Dividend yield | 0.00% | 7.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPG | HTD |
|---|---|---|
| 2022 | +3.1% | -6.2% |
| 2023 | -25.1% | -9.9% |
| 2024 | +38.2% | +25.7% |
| 2025 | +16.3% | +15.9% |
| 2026 | +19.5% | +12.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and HTD good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DPG and HTD?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.73 over the last year and 0.73 over 5 years.
Is HTD a good diversifier for DPG?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.79 mean?
A reading of 0.79 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DPG correlations · HTD correlations
