DPG vs UTF: Correlation
How closely do Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and Cohen & Steers Infrastructure Fund, Inc (UTF) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPG and UTF?
Over the past 3 years, DPG and UTF moved with a correlation of 0.75, which is strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 231.4 %².
By 3-year correlation, UTF places #7 of the 30 assets tracked against DPG. Over the last 12 months DPG came out ahead by 10.8 percentage points (+21.3% against +10.5%).
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 UTF: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | UTF (Cohen & Steers Infrastructure Fund, Inc) | |
|---|---|---|
| 1-year return | +21.3% | +10.5% |
| 5-year return | +54.4% | +35.3% |
| Volatility (ann.) | 17.8% | 17.3% |
| Beta vs S&P 500 | 0.36 | 0.36 |
| Max drawdown (3Y) | -14.2% | -15.0% |
| Market cap | $0.5B | – |
| P/E (trailing) | 3.4 | 6.9 |
| Dividend yield | 0.00% | 6.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPG | UTF |
|---|---|---|
| 2022 | +3.1% | -9.7% |
| 2023 | -25.1% | -4.0% |
| 2024 | +38.2% | +22.2% |
| 2025 | +16.3% | +8.0% |
| 2026 | +19.5% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and UTF good diversifiers for each other?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DPG and UTF?
As of 2026-08-27, the correlation of weekly returns between DPG and UTF is 0.75 over 3 years, 0.68 over 1 year and 0.69 over 5 years.
Is UTF a good diversifier for DPG?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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-utf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dpg-vs-utf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DPG correlations · UTF correlations
