DPG vs VXX: Correlation
Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPG and VXX?
On 3 years of weekly data the DPG/VXX correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.32 over 3 years. The 5-year figure is -0.27, and annualized covariance runs at -343.9 %².
VXX is close to the least connected end of DPG's tracked universe, ranking #29 of 30. Correlation aside, the last 12 months split them widely, with DPG ahead by 71.0 points (+21.3% versus -49.7%). One caveat on sizing: VXX is 3.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VXX: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +21.3% | -49.7% |
| 5-year return | +54.4% | -95.6% |
| Volatility (ann.) | 17.8% | 60.9% |
| Beta vs S&P 500 | 0.36 | -3.31 |
| Max drawdown (3Y) | -14.2% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | 3.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPG | VXX |
|---|---|---|
| 2022 | +3.1% | -23.8% |
| 2023 | -25.1% | -72.5% |
| 2024 | +38.2% | -26.2% |
| 2025 | +16.3% | -42.2% |
| 2026 | +19.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and VXX good diversifiers for each other?
Yes. With a correlation of -0.32, DPG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DPG and VXX?
As of 2026-08-27, the correlation of weekly returns between DPG and VXX is -0.32 over 3 years, -0.04 over 1 year and -0.27 over 5 years.
Is VXX a good diversifier for DPG?
Yes. With a correlation of -0.32, DPG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 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-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dpg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DPG correlations · VXX correlations
