NXG vs TYG: Correlation
How closely do NXG NextGen Infrastructure Income Fund (NXG) and Tortoise Energy Infrastructure Corporation (TYG) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXG and TYG?
On 3 years of weekly data the NXG/TYG correlation comes out at 0.59, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.59 over 3 years. The 5-year figure is 0.68, and annualized covariance runs at 358.9 %².
TYG is one of the assets that tracks NXG most closely: it ranks #3 out of the 10 assets we track against NXG. Correlation aside, the last 12 months split them widely, with NXG ahead by 21.4 points (+35.5% versus +14.1%).
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.
NXG vs TYG: side by side
| NXG (NXG NextGen Infrastructure Income Fund) | TYG (Tortoise Energy Infrastructure Corporation) | |
|---|---|---|
| 1-year return | +35.5% | +14.1% |
| 5-year return | +116.8% | +162.5% |
| Volatility (ann.) | 28.6% | 21.2% |
| Beta vs S&P 500 | 0.60 | 0.45 |
| Max drawdown (3Y) | -26.2% | -25.1% |
| Market cap | $0.4B | – |
| P/E (trailing) | 2.4 | 6.0 |
| Dividend yield | 0.00% | 11.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXG | TYG |
|---|---|---|
| 2022 | -7.6% | +24.2% |
| 2023 | +4.3% | -0.4% |
| 2024 | +50.6% | +60.2% |
| 2025 | +25.8% | +8.5% |
| 2026 | +20.6% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXG and TYG good diversifiers for each other?
To a limited degree. At 0.59 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 NXG and TYG?
As of 2026-08-27, the correlation of weekly returns between NXG and TYG is 0.59 over 3 years, 0.32 over 1 year and 0.68 over 5 years.
Is TYG a good diversifier for NXG?
To a limited degree. At 0.59 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 0.59 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.
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Related comparisons
Hubs: NXG correlations · TYG correlations
