HTD vs UTF: Correlation
John Hancock Tax Advantaged Dividend Income Fund (HTD) and Cohen & Steers Infrastructure Fund, Inc (UTF) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTD and UTF?
Over the past 3 years, HTD and UTF moved with a correlation of 0.79, which is strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. Over 5 years the correlation is 0.80, and the annualized covariance of weekly returns is 216.5 %².
UTF is one of the assets that tracks HTD most closely: it ranks #3 out of the 23 assets we track against HTD. Neither side won the trailing year by much: +11.0% 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.
HTD vs UTF: side by side
| HTD (John Hancock Tax Advantaged Dividend Income Fund) | UTF (Cohen & Steers Infrastructure Fund, Inc) | |
|---|---|---|
| 1-year return | +11.0% | +10.5% |
| 5-year return | +50.6% | +35.3% |
| Volatility (ann.) | 15.9% | 17.3% |
| Beta vs S&P 500 | 0.43 | 0.36 |
| Max drawdown (3Y) | -15.7% | -15.0% |
| Market cap | $0.9B | – |
| P/E (trailing) | 5.3 | 6.9 |
| Dividend yield | 7.30% | 6.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTD | UTF |
|---|---|---|
| 2022 | -6.2% | -9.7% |
| 2023 | -9.9% | -4.0% |
| 2024 | +25.7% | +22.2% |
| 2025 | +15.9% | +8.0% |
| 2026 | +12.1% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTD and UTF good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HTD and UTF?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.71 over the last year and 0.80 over 5 years.
Is UTF a good diversifier for HTD?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.79 mean?
On the −1 to +1 scale, 0.79 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/htd-vs-utf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/htd-vs-utf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HTD correlations · UTF correlations
