CCEC vs CSWC: Correlation
Capital Clean Energy Carriers Corp. - Common Share (CCEC) and Capital Southwest Corporation (CSWC) 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 CCEC and CSWC?
On 3 years of weekly data the CCEC/CSWC correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.32 over 3. The 5-year figure is 0.33, and annualized covariance runs at 200.5 %².
Within CCEC's tracked universe of 10 assets, CSWC comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CSWC outperformed by 16.9 percentage points (+8.6% for CCEC against +25.5% for CSWC). One caveat on sizing: CCEC is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CCEC vs CSWC: side by side
| CCEC (Capital Clean Energy Carriers Corp. - Common Share) | CSWC (Capital Southwest Corporation) | |
|---|---|---|
| 1-year return | +8.6% | +25.5% |
| 5-year return | +118.1% | +72.3% |
| Volatility (ann.) | 31.2% | 20.0% |
| Beta vs S&P 500 | 0.35 | 0.64 |
| Max drawdown (3Y) | -28.6% | -27.7% |
| Market cap | $1.4B | $1.6B |
| P/E (trailing) | 13.6 | 14.0 |
| Dividend yield | 2.67% | 9.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCEC | CSWC |
|---|---|---|
| 2022 | -11.8% | -24.4% |
| 2023 | +8.7% | +56.1% |
| 2024 | +33.9% | +2.1% |
| 2025 | +17.0% | +14.3% |
| 2026 | +11.5% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCEC and CSWC 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 CCEC and CSWC?
As of 2026-08-27, the correlation of weekly returns between CCEC and CSWC is 0.32 over 3 years, 0.31 over 1 year and 0.33 over 5 years.
Is CSWC a good diversifier for CCEC?
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?
A reading of 0.32 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/ccec-vs-cswc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccec-vs-cswc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCEC correlations · CSWC correlations
