DPG vs T: Correlation
How closely do Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and AT&T (T) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPG and T?
Over the past 3 years, DPG and T moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 149.6 %².
Among the 30 assets we track against DPG, T ranks #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DPG ahead by 29.7 points (+21.3% versus -8.4%).
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 T: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | T (AT&T) | |
|---|---|---|
| 1-year return | +21.3% | -8.4% |
| 5-year return | +54.4% | +67.2% |
| Volatility (ann.) | 17.8% | 22.4% |
| Beta vs S&P 500 | 0.36 | 0.05 |
| Max drawdown (3Y) | -14.2% | -28.9% |
| Market cap | $0.5B | $174.3B |
| P/E (trailing) | 3.4 | 8.4 |
| Dividend yield | 0.00% | 4.29% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | DPG | T |
|---|---|---|
| 2022 | +3.1% | +6.5% |
| 2023 | -25.1% | -2.7% |
| 2024 | +38.2% | +44.1% |
| 2025 | +16.3% | +14.0% |
| 2026 | +19.5% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and T good diversifiers for each other?
Reasonably. At 0.37, DPG and T keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DPG and T?
As of 2026-08-27, the correlation of weekly returns between DPG and T is 0.37 over 3 years, 0.37 over 1 year and 0.32 over 5 years.
Is T a good diversifier for DPG?
Reasonably. At 0.37, DPG and T keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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.
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Related comparisons
Hubs: DPG correlations · T correlations
