CCEC vs IDE: Correlation
Measured on weekly returns over the past three years, Capital Clean Energy Carriers Corp. - Common Share (CCEC) and Voya Infrastructure, Industrials and Materials Fund (IDE) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCEC and IDE?
Over the past 3 years, CCEC and IDE moved with a correlation of 0.33, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.33 over 3. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 165.8 %².
IDE is one of the assets that tracks CCEC most closely: it ranks #3 out of the 10 assets we track against CCEC. The trailing year gives IDE the advantage: +8.6% versus +17.0%, a 8.4-point spread. Risk is not evenly split, since CCEC carries 1.9 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.
CCEC vs IDE: side by side
| CCEC (Capital Clean Energy Carriers Corp. - Common Share) | IDE (Voya Infrastructure, Industrials and Materials Fund) | |
|---|---|---|
| 1-year return | +8.6% | +17.0% |
| 5-year return | +118.1% | +66.9% |
| Volatility (ann.) | 31.2% | 16.3% |
| Beta vs S&P 500 | 0.35 | 0.73 |
| Max drawdown (3Y) | -28.6% | -18.3% |
| Market cap | $1.4B | $0.2B |
| P/E (trailing) | 13.6 | 3.2 |
| Dividend yield | 2.67% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCEC | IDE |
|---|---|---|
| 2022 | -11.8% | -16.5% |
| 2023 | +8.7% | +22.0% |
| 2024 | +33.9% | +10.9% |
| 2025 | +17.0% | +34.6% |
| 2026 | +11.5% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCEC and IDE good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCEC and IDE?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.43 over the last year and 0.34 over 5 years.
Is IDE a good diversifier for CCEC?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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/ccec-vs-ide.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccec-vs-ide/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCEC correlations · IDE correlations
