DPG vs NEE: Correlation
How closely do Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and NextEra Energy (NEE) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPG and NEE?
On 3 years of weekly data the DPG/NEE correlation comes out at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 276.3 %².
Among the 30 assets we track against DPG, NEE ranks #17 by 3-year correlation. The trailing year gives DPG the advantage: +21.3% versus +16.2%, a 5.1-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 NEE: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | NEE (NextEra Energy) | |
|---|---|---|
| 1-year return | +21.3% | +16.2% |
| 5-year return | +54.4% | +12.9% |
| Volatility (ann.) | 17.8% | 26.5% |
| Beta vs S&P 500 | 0.36 | 0.28 |
| Max drawdown (3Y) | -14.2% | -28.8% |
| Market cap | $0.5B | $174.1B |
| P/E (trailing) | 3.4 | 18.9 |
| Dividend yield | 0.00% | 2.82% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | DPG | NEE |
|---|---|---|
| 2022 | +3.1% | -8.5% |
| 2023 | -25.1% | -25.3% |
| 2024 | +38.2% | +21.5% |
| 2025 | +16.3% | +15.5% |
| 2026 | +19.5% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and NEE good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DPG and NEE?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.65 over the last year and 0.47 over 5 years.
Is NEE a good diversifier for DPG?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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-nee.json
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Related comparisons
Hubs: DPG correlations · NEE correlations
