JL vs UTF: Correlation
How closely do J-Long Group Limited - Class A (JL) and Cohen & Steers Infrastructure Fund, Inc (UTF) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and UTF?
Across a 3-year window, the weekly returns of JL and UTF correlate at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.07) than the 3-year average (-0.18). Stretching to 5 years gives n/a, with an annualized covariance of -1486.6 %².
Within JL's tracked universe of 58 assets, UTF comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UTF outperformed by 26.9 percentage points (-16.4% for JL against +10.5% for UTF). Note the risk asymmetry: JL runs 33.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
JL vs UTF: side by side
| JL (J-Long Group Limited - Class A) | UTF (Cohen & Steers Infrastructure Fund, Inc) | |
|---|---|---|
| 1-year return | -16.4% | +10.5% |
| 5-year return | n/a | +35.3% |
| Volatility (ann.) | 580.0% | 17.3% |
| Beta vs S&P 500 | -1.02 | 0.36 |
| Max drawdown (3Y) | -98.6% | -15.0% |
| Market cap | – | – |
| P/E (trailing) | 6.5 | 6.9 |
| Dividend yield | 0.00% | 6.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JL | UTF |
|---|---|---|
| 2022 | – | -9.7% |
| 2023 | – | -4.0% |
| 2024 | – | +22.2% |
| 2025 | +67.1% | +8.0% |
| 2026 | -20.1% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and UTF good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JL and UTF?
As of 2026-08-27, the correlation of weekly returns between JL and UTF is -0.18 over 3 years, 0.07 over 1 year and n/a over 5 years.
Is UTF a good diversifier for JL?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 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/jl-vs-utf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jl-vs-utf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JL correlations · UTF correlations
