DPG vs MEGI: Correlation
How closely do Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) 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 MEGI?
Across a 3-year window, the weekly returns of DPG and MEGI correlate at 0.76, strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 261.9 %².
Within DPG's tracked universe of 30 assets, MEGI comes in at #5 by 3-year correlation. On 12-month performance DPG holds a 6.6-point edge, +21.3% against +14.7%.
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 MEGI: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | |
|---|---|---|
| 1-year return | +21.3% | +14.7% |
| 5-year return | +54.4% | +20.7% |
| Volatility (ann.) | 17.8% | 19.4% |
| Beta vs S&P 500 | 0.36 | 0.49 |
| Max drawdown (3Y) | -14.2% | -17.4% |
| Market cap | $0.5B | $0.8B |
| P/E (trailing) | 3.4 | 4.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPG | MEGI |
|---|---|---|
| 2022 | +3.1% | -23.3% |
| 2023 | -25.1% | +5.5% |
| 2024 | +38.2% | +5.2% |
| 2025 | +16.3% | +26.2% |
| 2026 | +19.5% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and MEGI good diversifiers for each other?
Only partially. A correlation of 0.76 means DPG and MEGI 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 MEGI?
The DPG/MEGI correlation stands at 0.76 on a 3-year window (1 year: 0.74, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is MEGI a good diversifier for DPG?
Only partially. A correlation of 0.76 means DPG and MEGI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 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-megi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dpg-vs-megi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DPG correlations · MEGI correlations
