DPG vs PCG: Correlation
How closely do Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and PG&E Corporation (PCG) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPG and PCG?
Across a 3-year window, the weekly returns of DPG and PCG correlate at 0.56, moderate. The past 12 months show a tighter link (0.72) than the 3-year average (0.56). Stretching to 5 years gives 0.40, with an annualized covariance of 247.4 %².
By 3-year correlation, PCG places #20 of the 30 assets tracked against DPG. Twelve-month performance is nearly a tie, at +21.3% for DPG and +20.3% for PCG.
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 PCG: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | PCG (PG&E Corporation) | |
|---|---|---|
| 1-year return | +21.3% | +20.3% |
| 5-year return | +54.4% | +102.7% |
| Volatility (ann.) | 17.8% | 24.7% |
| Beta vs S&P 500 | 0.36 | 0.24 |
| Max drawdown (3Y) | -14.2% | -39.6% |
| Market cap | $0.5B | $39.5B |
| P/E (trailing) | 3.4 | 12.9 |
| Dividend yield | 0.00% | 0.96% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | DPG | PCG |
|---|---|---|
| 2022 | +3.1% | +33.9% |
| 2023 | -25.1% | +10.9% |
| 2024 | +38.2% | +12.3% |
| 2025 | +16.3% | -19.7% |
| 2026 | +19.5% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and PCG good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DPG and PCG?
As of 2026-08-27, the correlation of weekly returns between DPG and PCG is 0.56 over 3 years, 0.72 over 1 year and 0.40 over 5 years.
Is PCG a good diversifier for DPG?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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-pcg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dpg-vs-pcg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DPG correlations · PCG correlations
