CCIF vs OCCI: Correlation
How closely do Carlyle Credit Income Fund Shares of Beneficial Interest (CCIF) and OFS Credit Company, Inc. - Closed End Fund (OCCI) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCIF and OCCI?
On 3 years of weekly data the CCIF/OCCI correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.50 over 3. The 5-year figure is 0.40, and annualized covariance runs at 338.7 %².
Few assets follow CCIF as closely as OCCI, which ranks #1 of 10 tracked partners. Their 12-month results are close: -39.9% for CCIF against -42.9% for OCCI. One caveat on sizing: OCCI 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.
CCIF vs OCCI: side by side
| CCIF (Carlyle Credit Income Fund Shares of Beneficial Interest) | OCCI (OFS Credit Company, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | -39.9% | -42.9% |
| 5-year return | -39.0% | -47.0% |
| Volatility (ann.) | 20.9% | 32.5% |
| Beta vs S&P 500 | 0.43 | 0.76 |
| Max drawdown (3Y) | -55.6% | -56.1% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 47.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCIF | OCCI |
|---|---|---|
| 2022 | -6.4% | -25.8% |
| 2023 | +14.5% | -1.3% |
| 2024 | +16.4% | +31.4% |
| 2025 | -27.6% | -14.4% |
| 2026 | -32.1% | -36.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCIF and OCCI good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CCIF and OCCI?
As of 2026-08-27, the correlation of weekly returns between CCIF and OCCI is 0.50 over 3 years, 0.54 over 1 year and 0.40 over 5 years.
Is OCCI a good diversifier for CCIF?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/ccif-vs-occi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccif-vs-occi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCIF correlations · OCCI correlations
