FMGIX vs. DPG
FMGIX (Frontier MFG Core Infrastructure Fund) and DPG (Duff & Phelps Utility and Infrastructure Fund Inc) are both Infrastructure Equities funds. Over the past 10 years, FMGIX returned 9.69%/yr vs 7.88%/yr for DPG. Their 0.58 correlation means they have sometimes moved together and sometimes differently. FMGIX charges 0.50%/yr vs 2.26%/yr for DPG.
Performance
FMGIX vs. DPG - Performance Comparison
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Returns By Period
In the year-to-date period, FMGIX achieves a 8.65% return, which is significantly lower than DPG's 17.91% return. Over the past 10 years, FMGIX has outperformed DPG with an annualized return of 9.69%, while DPG has yielded a comparatively lower 7.88% annualized return.
FMGIX
- 1D
- 0.29%
- 1M
- -1.35%
- 6M
- 4.62%
- YTD
- 8.65%
- 1Y
- 12.99%
- 3Y*
- 21.68%
- 5Y*
- 12.12%
- 10Y*
- 9.69%
- ALL TIME*
- 10.38%
DPG
- 1D
- -0.17%
- 1M
- -0.78%
- 6M
- 11.10%
- YTD
- 17.91%
- 1Y
- 24.29%
- 3Y*
- 22.48%
- 5Y*
- 9.39%
- 10Y*
- 7.88%
- ALL TIME*
- 4.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $938.71K | $864.48K | $1.05M | |
| $0.00 | $0.00 | $0.00 |
FMGIX vs. DPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMGIX Frontier MFG Core Infrastructure Fund | 8.65% | 22.67% | 34.26% | 4.86% | -9.46% | 13.84% | -1.36% | 28.00% | -6.62% | 20.25% |
DPG Duff & Phelps Utility and Infrastructure Fund Inc | 17.91% | 16.33% | 38.22% | -25.07% | 3.15% | 30.37% | -8.91% | 40.68% | -15.84% | 9.12% |
Correlation
The correlation between FMGIX and DPG is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2012 | 0.58 |
The correlation between FMGIX and DPG has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
FMGIX vs. DPG — Risk / Return Rank
FMGIX
DPG
FMGIX vs. DPG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frontier MFG Core Infrastructure Fund (FMGIX) and Duff & Phelps Utility and Infrastructure Fund Inc (DPG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FMGIX | DPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.34 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 4.15 | -2.23 |
| Martin ratioReturn relative to average drawdown | 5.33 | 10.04 | -4.72 |
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Drawdowns
FMGIX vs. DPG - Drawdown Comparison
The maximum FMGIX drawdown since its inception was -57.57%, smaller than the maximum DPG drawdown of -64.61%. Use the drawdown chart below to compare losses from any high point for FMGIX and DPG.
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Drawdown Indicators
| FMGIX | DPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.57% | -64.61% | +7.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -5.85% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -20.56% | -16.94% | -3.62% |
Max Drawdown (5Y)Largest decline over 5 years | -26.61% | -41.11% | +14.50% |
Max Drawdown (10Y)Largest decline over 10 years | -57.57% | -64.61% | +7.04% |
Current DrawdownCurrent decline from peak | -3.53% | -3.10% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -13.27% | +7.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.41% | +0.15% |
Volatility
FMGIX vs. DPG - Volatility Comparison
Frontier MFG Core Infrastructure Fund (FMGIX) has a higher volatility of 3.18% compared to Duff & Phelps Utility and Infrastructure Fund Inc (DPG) at 2.92%. This indicates that FMGIX's price experiences larger fluctuations and is considered to be riskier than DPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMGIX | DPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 2.92% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 9.72% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 12.12% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.53% | 20.91% | +7.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.56% | 28.88% | +23.68% |
FMGIX vs. DPG - Expense Ratio Comparison
FMGIX has a 0.50% expense ratio, which is lower than DPG's 2.26% expense ratio.
Dividends
FMGIX vs. DPG - Dividend Comparison
FMGIX's dividend yield for the trailing twelve months is around 30.68%, more than DPG's 5.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DPG Duff & Phelps Utility and Infrastructure Fund Inc | 5.84% | 6.61% | 7.19% | 12.21% | 10.36% | 9.70% | 11.48% | 9.21% | 11.81% | 9.02% | 9.03% | 9.50% |
FMGIX Frontier MFG Core Infrastructure Fund | 30.68% | 33.65% | 48.77% | 4.79% | 3.98% | 2.63% | 2.38% | 2.63% | 3.09% | 3.15% | 2.83% | 2.79% |
Frequently Asked Questions
FMGIX and DPG have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMGIX has higher volatility (3.18%) compared to DPG (2.92%). In terms of maximum drawdown, FMGIX dropped -57.57% vs DPG's -64.61%.
DPG currently has the higher Sharpe Ratio (2.00 vs 1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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