CCAP vs LION: Correlation
Crescent Capital BDC, Inc. (CCAP) and Lionsgate Studios Corp (LION) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCAP and LION?
Over the past 3 years, CCAP and LION moved with a correlation of 0.32, which is moderate. Recent behaviour matches the longer record: 0.26 over 1 year against 0.32 over 3. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 342.2 %².
Out of 18 assets tracked against CCAP, LION lands near the bottom at #14. The last year tells two different stories: LION led by 101.7 percentage points, -22.8% for CCAP against +78.9% for LION. Risk is not evenly split, since LION carries 2.0 times the volatility of the other side.
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 LION: side by side
| CCAP (Crescent Capital BDC, Inc.) | LION (Lionsgate Studios Corp) | |
|---|---|---|
| 1-year return | -22.8% | +78.9% |
| 5-year return | +1.5% | +19.0% |
| Volatility (ann.) | 22.9% | 46.5% |
| Beta vs S&P 500 | 0.60 | 0.70 |
| Max drawdown (3Y) | -36.2% | -55.4% |
| Market cap | $0.4B | $3.4B |
| P/E (trailing) | – | – |
| Dividend yield | 15.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCAP | LION |
|---|---|---|
| 2022 | -18.5% | – |
| 2023 | +52.6% | +6.6% |
| 2024 | +23.5% | -28.3% |
| 2025 | -17.5% | +20.1% |
| 2026 | -19.3% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCAP and LION good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCAP and LION?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.26 over the last year and 0.25 over 5 years.
Is LION a good diversifier for CCAP?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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
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Related comparisons
Hubs: CCAP correlations · LION correlations
