DPG vs ZTR: Correlation
How closely do Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) and Virtus Total Return Fund Inc. (ZTR) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPG and ZTR?
Over the past 3 years, DPG and ZTR moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.81 lands near the 3-year figure. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 200.0 %².
Few assets follow DPG as closely as ZTR, which ranks #1 of 30 tracked partners. Twelve-month performance is nearly a tie, at +21.3% for DPG and +18.0% for ZTR.
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 ZTR: side by side
| DPG (Duff & Phelps Utility and Infrastructure Fund Inc.) | ZTR (Virtus Total Return Fund Inc.) | |
|---|---|---|
| 1-year return | +21.3% | +18.0% |
| 5-year return | +54.4% | +27.0% |
| Volatility (ann.) | 17.8% | 14.0% |
| Beta vs S&P 500 | 0.36 | 0.40 |
| Max drawdown (3Y) | -14.2% | -18.3% |
| Market cap | $0.5B | $0.3B |
| P/E (trailing) | 3.4 | 5.7 |
| Dividend yield | 0.00% | 8.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPG | ZTR |
|---|---|---|
| 2022 | +3.1% | -21.3% |
| 2023 | -25.1% | -3.2% |
| 2024 | +38.2% | +18.3% |
| 2025 | +16.3% | +18.6% |
| 2026 | +19.5% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPG and ZTR good diversifiers for each other?
No. With a correlation of 0.80, DPG and ZTR move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between DPG and ZTR?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.81 over the last year and 0.64 over 5 years.
Is ZTR a good diversifier for DPG?
No. With a correlation of 0.80, DPG and ZTR move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 mean?
A reading of 0.80 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dpg-vs-ztr.json
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Related comparisons
Hubs: DPG correlations · ZTR correlations
