CCIF vs EIC: Correlation
Carlyle Credit Income Fund Shares of Beneficial Interest (CCIF) and Eagle Point Income Company (EIC) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCIF and EIC?
Over the past 3 years, CCIF and EIC moved with a correlation of 0.44, which is moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 162.0 %².
By 3-year correlation, EIC places #4 of the 10 assets tracked against CCIF. Their recent paths diverged sharply: over the last 12 months EIC outperformed by 20.3 percentage points (-39.9% for CCIF against -19.6% for EIC).
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 EIC: side by side
| CCIF (Carlyle Credit Income Fund Shares of Beneficial Interest) | EIC (Eagle Point Income Company) | |
|---|---|---|
| 1-year return | -39.9% | -19.6% |
| 5-year return | -39.0% | +6.9% |
| Volatility (ann.) | 20.9% | 17.5% |
| Beta vs S&P 500 | 0.43 | 0.36 |
| Max drawdown (3Y) | -55.6% | -34.1% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 14.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCIF | EIC |
|---|---|---|
| 2022 | -6.4% | -10.5% |
| 2023 | +14.5% | +20.9% |
| 2024 | +16.4% | +24.0% |
| 2025 | -27.6% | -15.3% |
| 2026 | -32.1% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCIF and EIC good diversifiers for each other?
Reasonably. At 0.44, CCIF and EIC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CCIF and EIC?
The CCIF/EIC correlation stands at 0.44 on a 3-year window (1 year: 0.50, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is EIC a good diversifier for CCIF?
Reasonably. At 0.44, CCIF and EIC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/ccif-vs-eic.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccif-vs-eic/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCIF correlations · EIC correlations
