CCIF vs ECC: Correlation
Carlyle Credit Income Fund Shares of Beneficial Interest (CCIF) and Eagle Point Credit Company Common Share of Beneficial (ECC) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCIF and ECC?
Across a 3-year window, the weekly returns of CCIF and ECC correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 266.9 %².
In CCIF's tracked universe of 10 assets, ECC sits right near the top at #3. On 12-month performance ECC holds a 8.2-point edge, -39.9% against -31.7%.
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.
CCIF vs ECC: side by side
| CCIF (Carlyle Credit Income Fund Shares of Beneficial Interest) | ECC (Eagle Point Credit Company Common Share of Beneficial) | |
|---|---|---|
| 1-year return | -39.9% | -31.7% |
| 5-year return | -39.0% | -22.4% |
| Volatility (ann.) | 20.9% | 26.2% |
| Beta vs S&P 500 | 0.43 | 0.62 |
| Max drawdown (3Y) | -55.6% | -49.4% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 37.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCIF | ECC |
|---|---|---|
| 2022 | -6.4% | -11.7% |
| 2023 | +14.5% | +12.1% |
| 2024 | +16.4% | +13.4% |
| 2025 | -27.6% | -18.4% |
| 2026 | -32.1% | -21.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCIF and ECC good diversifiers for each other?
Reasonably. At 0.49, CCIF and ECC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CCIF and ECC?
As of 2026-08-27, the correlation of weekly returns between CCIF and ECC is 0.49 over 3 years, 0.53 over 1 year and 0.34 over 5 years.
Is ECC a good diversifier for CCIF?
Reasonably. At 0.49, CCIF and ECC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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/ccif-vs-ecc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccif-vs-ecc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCIF correlations · ECC correlations
