SRV vs TYG: Correlation
Measured on weekly returns over the past three years, NXG Cushing Midstream Energy Fund (SRV) and Tortoise Energy Infrastructure Corporation (TYG) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRV and TYG?
Across a 3-year window, the weekly returns of SRV and TYG correlate at 0.67, strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.67 over 3. Stretching to 5 years gives 0.74, with an annualized covariance of 355.5 %².
TYG is one of the assets that tracks SRV most closely: it ranks #2 out of the 12 assets we track against SRV. The trailing year gives SRV the advantage: +25.8% versus +14.1%, a 11.7-point spread.
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.
SRV vs TYG: side by side
| SRV (NXG Cushing Midstream Energy Fund) | TYG (Tortoise Energy Infrastructure Corporation) | |
|---|---|---|
| 1-year return | +25.8% | +14.1% |
| 5-year return | +220.3% | +162.5% |
| Volatility (ann.) | 25.1% | 21.2% |
| Beta vs S&P 500 | 0.46 | 0.45 |
| Max drawdown (3Y) | -26.3% | -25.1% |
| Market cap | $0.3B | – |
| P/E (trailing) | 3.1 | 6.0 |
| Dividend yield | 0.00% | 11.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SRV | TYG |
|---|---|---|
| 2022 | +20.1% | +24.2% |
| 2023 | +16.8% | -0.4% |
| 2024 | +50.7% | +60.2% |
| 2025 | +5.0% | +8.5% |
| 2026 | +26.8% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRV and TYG good diversifiers for each other?
To a limited degree. At 0.67 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 SRV and TYG?
The SRV/TYG correlation stands at 0.67 on a 3-year window (1 year: 0.69, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is TYG a good diversifier for SRV?
To a limited degree. At 0.67 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 0.67 mean?
On the −1 to +1 scale, 0.67 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.
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Related comparisons
Hubs: SRV correlations · TYG correlations
