DPG vs PDT: Correlation
Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and John Hancock Premium Dividend Fund (PDT) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPG and PDT?
On 3 years of weekly data the DPG/PDT correlation comes out at 0.75, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.75 over 3. The 5-year figure is 0.67, and annualized covariance runs at 211.5 %².
Within DPG's tracked universe of 30 assets, PDT comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DPG ahead by 20.0 points (+21.3% versus +1.3%).
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 PDT: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | PDT (John Hancock Premium Dividend Fund) | |
|---|---|---|
| 1-year return | +21.3% | +1.3% |
| 5-year return | +54.4% | +12.6% |
| Volatility (ann.) | 17.8% | 15.8% |
| Beta vs S&P 500 | 0.36 | 0.52 |
| Max drawdown (3Y) | -14.2% | -11.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 3.4 | 4.9 |
| Dividend yield | 0.00% | 7.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPG | PDT |
|---|---|---|
| 2022 | +3.1% | -16.3% |
| 2023 | -25.1% | -9.5% |
| 2024 | +38.2% | +30.0% |
| 2025 | +16.3% | +7.7% |
| 2026 | +19.5% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and PDT good diversifiers for each other?
Only partially. A correlation of 0.75 means DPG and PDT 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 PDT?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.74 over the last year and 0.67 over 5 years.
Is PDT a good diversifier for DPG?
Only partially. A correlation of 0.75 means DPG and PDT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dpg-vs-pdt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dpg-vs-pdt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DPG correlations · PDT correlations
