DPG vs NI: Correlation
How closely do Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and NiSource (NI) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPG and NI?
Over the past 3 years, DPG and NI moved with a correlation of 0.70, which is strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 223.4 %².
Among the 30 assets we track against DPG, NI ranks #8 by 3-year correlation. The last year tells two different stories: DPG led by 22.2 percentage points, +21.3% for DPG against -0.9% for NI.
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 NI: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | NI (NiSource) | |
|---|---|---|
| 1-year return | +21.3% | -0.9% |
| 5-year return | +54.4% | +94.6% |
| Volatility (ann.) | 17.8% | 17.8% |
| Beta vs S&P 500 | 0.36 | 0.26 |
| Max drawdown (3Y) | -14.2% | -16.7% |
| Market cap | $0.5B | $19.6B |
| P/E (trailing) | 3.4 | 21.9 |
| Dividend yield | 0.00% | 1.41% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | DPG | NI |
|---|---|---|
| 2022 | +3.1% | +2.7% |
| 2023 | -25.1% | +0.5% |
| 2024 | +38.2% | +43.5% |
| 2025 | +16.3% | +16.8% |
| 2026 | +19.5% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and NI good diversifiers for each other?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DPG and NI?
As of 2026-08-27, the correlation of weekly returns between DPG and NI is 0.70 over 3 years, 0.71 over 1 year and 0.61 over 5 years.
Is NI a good diversifier for DPG?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.70 mean?
A reading of 0.70 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-ni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dpg-vs-ni/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DPG correlations · NI correlations
