UTF vs ZTR: Correlation
Cohen & Steers Infrastructure Fund, Inc (UTF) and Virtus Total Return Fund Inc. (ZTR) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UTF and ZTR?
Over the past 3 years, UTF and ZTR moved with a correlation of 0.76, which is strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.76 over 3. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 185.1 %².
In UTF's tracked universe of 19 assets, ZTR sits right near the top at #3. Over the last 12 months ZTR came out ahead by 7.5 percentage points (+10.5% against +18.0%).
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.
UTF vs ZTR: side by side
| UTF (Cohen & Steers Infrastructure Fund, Inc) | ZTR (Virtus Total Return Fund Inc.) | |
|---|---|---|
| 1-year return | +10.5% | +18.0% |
| 5-year return | +35.3% | +27.0% |
| Volatility (ann.) | 17.3% | 14.0% |
| Beta vs S&P 500 | 0.36 | 0.40 |
| Max drawdown (3Y) | -15.0% | -18.3% |
| Market cap | – | $0.3B |
| P/E (trailing) | 6.9 | 5.7 |
| Dividend yield | 6.81% | 8.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UTF | ZTR |
|---|---|---|
| 2022 | -9.7% | -21.3% |
| 2023 | -4.0% | -3.2% |
| 2024 | +22.2% | +18.3% |
| 2025 | +8.0% | +18.6% |
| 2026 | +18.5% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UTF and ZTR good diversifiers for each other?
Only partially. A correlation of 0.76 means UTF and ZTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between UTF and ZTR?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.73 over the last year and 0.70 over 5 years.
Is ZTR a good diversifier for UTF?
Only partially. A correlation of 0.76 means UTF and ZTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
A reading of 0.76 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/utf-vs-ztr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/utf-vs-ztr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UTF correlations · ZTR correlations
