CCAP vs FDUS: Correlation
Measured on weekly returns over the past three years, Crescent Capital BDC, Inc. (CCAP) and Fidus Investment Corporation - Closed End Fund (FDUS) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCAP and FDUS?
Over the past 3 years, CCAP and FDUS moved with a correlation of 0.68, which is strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 271.9 %².
FDUS is one of the assets that tracks CCAP most closely: it ranks #1 out of the 18 assets we track against CCAP. Correlation aside, the last 12 months split them widely, with FDUS ahead by 26.5 points (-22.8% versus +3.7%).
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.
CCAP vs FDUS: side by side
| CCAP (Crescent Capital BDC, Inc.) | FDUS (Fidus Investment Corporation - Closed End Fund) | |
|---|---|---|
| 1-year return | -22.8% | +3.7% |
| 5-year return | +1.5% | +100.3% |
| Volatility (ann.) | 22.9% | 17.5% |
| Beta vs S&P 500 | 0.60 | 0.57 |
| Max drawdown (3Y) | -36.2% | -23.9% |
| Market cap | $0.4B | $0.7B |
| P/E (trailing) | – | 9.5 |
| Dividend yield | 15.14% | 8.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCAP | FDUS |
|---|---|---|
| 2022 | -18.5% | +17.1% |
| 2023 | +52.6% | +20.0% |
| 2024 | +23.5% | +20.5% |
| 2025 | -17.5% | +2.1% |
| 2026 | -19.3% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCAP and FDUS good diversifiers for each other?
Only partially. A correlation of 0.68 means CCAP and FDUS 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 CCAP and FDUS?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.70 over the last year and 0.57 over 5 years.
Is FDUS a good diversifier for CCAP?
Only partially. A correlation of 0.68 means CCAP and FDUS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccap-vs-fdus.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccap-vs-fdus/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCAP correlations · FDUS correlations
