KVUE vs UTF: Correlation
How closely do Kenvue (KVUE) and Cohen & Steers Infrastructure Fund, Inc (UTF) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVUE and UTF?
Over the past 3 years, KVUE and UTF moved with a correlation of 0.37, which is moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 173.3 %².
Within KVUE's tracked universe of 34 assets, UTF comes in at #15 by 3-year correlation. On 12-month performance UTF holds a 13.5-point edge, -3.0% against +10.5%. One caveat on sizing: KVUE is 1.6 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.
KVUE vs UTF: side by side
| KVUE (Kenvue) | UTF (Cohen & Steers Infrastructure Fund, Inc) | |
|---|---|---|
| 1-year return | -3.0% | +10.5% |
| 5-year return | n/a | +35.3% |
| Volatility (ann.) | 27.3% | 17.3% |
| Beta vs S&P 500 | 0.16 | 0.36 |
| Max drawdown (3Y) | -41.2% | -15.0% |
| Market cap | $36.9B | – |
| P/E (trailing) | 22.6 | 6.9 |
| Dividend yield | 4.32% | 6.81% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KVUE | UTF |
|---|---|---|
| 2022 | – | -9.7% |
| 2023 | – | -4.0% |
| 2024 | +3.1% | +22.2% |
| 2025 | -15.9% | +8.0% |
| 2026 | +15.2% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVUE and UTF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KVUE and UTF?
As of 2026-08-27, the correlation of weekly returns between KVUE and UTF is 0.37 over 3 years, 0.32 over 1 year and n/a over 5 years.
Is UTF a good diversifier for KVUE?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KVUE correlations · UTF correlations
