MEGI vs UTF: Correlation
Measured on weekly returns over the past three years, NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) and Cohen & Steers Infrastructure Fund, Inc (UTF) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEGI and UTF?
Across a 3-year window, the weekly returns of MEGI and UTF correlate at 0.74, strong. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. Stretching to 5 years gives 0.69, with an annualized covariance of 247.0 %².
By 3-year correlation, UTF places #5 of the 29 assets tracked against MEGI. Their 12-month results are close: +14.7% for MEGI against +10.5% for UTF.
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.
MEGI vs UTF: side by side
| MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | UTF (Cohen & Steers Infrastructure Fund, Inc) | |
|---|---|---|
| 1-year return | +14.7% | +10.5% |
| 5-year return | +20.7% | +35.3% |
| Volatility (ann.) | 19.4% | 17.3% |
| Beta vs S&P 500 | 0.49 | 0.36 |
| Max drawdown (3Y) | -17.4% | -15.0% |
| Market cap | $0.8B | – |
| P/E (trailing) | 4.9 | 6.9 |
| Dividend yield | 0.00% | 6.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MEGI | UTF |
|---|---|---|
| 2022 | -23.3% | -9.7% |
| 2023 | +5.5% | -4.0% |
| 2024 | +5.2% | +22.2% |
| 2025 | +26.2% | +8.0% |
| 2026 | +16.5% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEGI and UTF good diversifiers for each other?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MEGI and UTF?
The MEGI/UTF correlation stands at 0.74 on a 3-year window (1 year: 0.77, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is UTF a good diversifier for MEGI?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.74 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/megi-vs-utf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/megi-vs-utf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MEGI correlations · UTF correlations
