DPG vs NXPL: Correlation
Measured on weekly returns over the past three years, Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and NextPlat Corp (NXPL) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPG and NXPL?
On 3 years of weekly data the DPG/NXPL correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.08) sits close to the 3-year figure. The 5-year figure is 0.02, and annualized covariance runs at -218.0 %².
Out of 30 assets tracked against DPG, NXPL lands near the bottom at #28. Neither side won the trailing year by much: +21.3% against +19.5%. Risk is not evenly split, since NXPL carries 4.0 times the volatility of the other side.
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 NXPL: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | NXPL (NextPlat Corp) | |
|---|---|---|
| 1-year return | +21.3% | +19.5% |
| 5-year return | +54.4% | -85.7% |
| Volatility (ann.) | 17.8% | 71.9% |
| Beta vs S&P 500 | 0.36 | 1.10 |
| Max drawdown (3Y) | -14.2% | -84.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | 3.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPG | NXPL |
|---|---|---|
| 2022 | +3.1% | -61.1% |
| 2023 | -25.1% | +31.0% |
| 2024 | +38.2% | -34.5% |
| 2025 | +16.3% | -50.9% |
| 2026 | +19.5% | +75.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and NXPL good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between DPG and NXPL?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.08 over the last year and 0.02 over 5 years.
Is NXPL a good diversifier for DPG?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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
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Related comparisons
Hubs: DPG correlations · NXPL correlations
