CCEC vs GBDC: Correlation
Capital Clean Energy Carriers Corp. - Common Share (CCEC) and Golub Capital BDC, Inc. - Closed End Fund (GBDC) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCEC and GBDC?
Over the past 3 years, CCEC and GBDC moved with a correlation of 0.33, which is moderate. Recent behaviour matches the longer record: 0.35 over 1 year against 0.33 over 3. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 165.0 %².
Few assets follow CCEC as closely as GBDC, which ranks #2 of 10 tracked partners. On 12-month performance CCEC holds a 9.8-point edge, +8.6% against -1.2%. One caveat on sizing: CCEC is 2.0 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 GBDC: side by side
| CCEC (Capital Clean Energy Carriers Corp. - Common Share) | GBDC (Golub Capital BDC, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | +8.6% | -1.2% |
| 5-year return | +118.1% | +39.0% |
| Volatility (ann.) | 31.2% | 15.8% |
| Beta vs S&P 500 | 0.35 | 0.47 |
| Max drawdown (3Y) | -28.6% | -18.2% |
| Market cap | $1.4B | $3.4B |
| P/E (trailing) | 13.6 | 19.8 |
| Dividend yield | 2.67% | 10.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCEC | GBDC |
|---|---|---|
| 2022 | -11.8% | -7.0% |
| 2023 | +8.7% | +27.7% |
| 2024 | +33.9% | +13.6% |
| 2025 | +17.0% | -0.5% |
| 2026 | +11.5% | +1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCEC and GBDC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CCEC and GBDC?
The CCEC/GBDC correlation stands at 0.33 on a 3-year window (1 year: 0.35, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is GBDC a good diversifier for CCEC?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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
$ curl https://www.pairbook.io/api/v1/pairs/ccec-vs-gbdc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccec-vs-gbdc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCEC correlations · GBDC correlations
