DPG vs TRP: Correlation
Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and TC Energy Corporation (TRP) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPG and TRP?
Over the past 3 years, DPG and TRP moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 203.7 %².
Within DPG's tracked universe of 30 assets, TRP comes in at #18 by 3-year correlation. Their 12-month results are close: +21.3% for DPG against +23.3% for TRP.
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 TRP: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | TRP (TC Energy Corporation) | |
|---|---|---|
| 1-year return | +21.3% | +23.3% |
| 5-year return | +54.4% | +67.2% |
| Volatility (ann.) | 17.8% | 20.0% |
| Beta vs S&P 500 | 0.36 | 0.16 |
| Max drawdown (3Y) | -14.2% | -12.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 3.4 | 24.5 |
| Dividend yield | 0.00% | 5.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPG | TRP |
|---|---|---|
| 2022 | +3.1% | -9.7% |
| 2023 | -25.1% | +4.7% |
| 2024 | +38.2% | +26.2% |
| 2025 | +16.3% | +21.2% |
| 2026 | +19.5% | +15.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and TRP good diversifiers for each other?
Only partially. A correlation of 0.57 means DPG and TRP 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 TRP?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.53 over the last year and 0.48 over 5 years.
Is TRP a good diversifier for DPG?
Only partially. A correlation of 0.57 means DPG and TRP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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-trp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dpg-vs-trp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DPG correlations · TRP correlations
