AIIO vs CCAP: Correlation
How closely do Robo.ai Inc. - Class B (AIIO) and Crescent Capital BDC, Inc. (CCAP) trade together? Their weekly returns over three years give a correlation of -0.42, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIIO and CCAP?
Over the past 3 years, AIIO and CCAP moved with a correlation of -0.42, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.61) runs below the 3-year figure (-0.42). Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -2691.2 %².
CCAP is close to the least connected end of AIIO's tracked universe, ranking #35 of 35. The last year tells two different stories: CCAP led by 68.5 percentage points, -91.3% for AIIO against -22.8% for CCAP. Note the risk asymmetry: AIIO runs 12.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AIIO vs CCAP: side by side
| AIIO (Robo.ai Inc. - Class B) | CCAP (Crescent Capital BDC, Inc.) | |
|---|---|---|
| 1-year return | -91.3% | -22.8% |
| 5-year return | -98.8% | +1.5% |
| Volatility (ann.) | 280.6% | 22.9% |
| Beta vs S&P 500 | 0.74 | 0.60 |
| Max drawdown (3Y) | -99.7% | -36.2% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 15.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIIO | CCAP |
|---|---|---|
| 2022 | -9.2% | -18.5% |
| 2023 | -27.5% | +52.6% |
| 2024 | -91.0% | +23.5% |
| 2025 | -56.6% | -17.5% |
| 2026 | -61.3% | -19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIIO and CCAP good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between AIIO and CCAP?
The AIIO/CCAP correlation stands at -0.42 on a 3-year window (1 year: -0.61, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is CCAP a good diversifier for AIIO?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 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: AIIO correlations · CCAP correlations
