T vs UTF: Correlation
Measured on weekly returns over the past three years, AT&T (T) and Cohen & Steers Infrastructure Fund, Inc (UTF) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are T and UTF?
On 3 years of weekly data the T/UTF correlation comes out at 0.35, moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.35). The 5-year figure is 0.37, and annualized covariance runs at 135.5 %².
By 3-year correlation, UTF places #15 of the 32 assets tracked against T. Their recent paths diverged sharply: over the last 12 months UTF outperformed by 18.9 percentage points (-8.4% for T 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.
T vs UTF: side by side
| T (AT&T) | UTF (Cohen & Steers Infrastructure Fund, Inc) | |
|---|---|---|
| 1-year return | -8.4% | +10.5% |
| 5-year return | +67.2% | +35.3% |
| Volatility (ann.) | 22.4% | 17.3% |
| Beta vs S&P 500 | 0.05 | 0.36 |
| Max drawdown (3Y) | -28.9% | -15.0% |
| Market cap | $174.3B | – |
| P/E (trailing) | 8.4 | 6.9 |
| Dividend yield | 4.29% | 6.81% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | T | UTF |
|---|---|---|
| 2022 | +6.5% | -9.7% |
| 2023 | -2.7% | -4.0% |
| 2024 | +44.1% | +22.2% |
| 2025 | +14.0% | +8.0% |
| 2026 | +6.1% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are T and UTF good diversifiers for each other?
Reasonably. At 0.35, T and UTF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between T and UTF?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.24 over the last year and 0.37 over 5 years.
Is UTF a good diversifier for T?
Reasonably. At 0.35, T and UTF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/t-vs-utf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/t-vs-utf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: T correlations · UTF correlations
