CCIF vs OXLC: Correlation
Carlyle Credit Income Fund Shares of Beneficial Interest (CCIF) and Oxford Lane Capital Corp. - Closed End Fund (OXLC) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCIF and OXLC?
Over the past 3 years, CCIF and OXLC moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 300.8 %².
Few assets follow CCIF as closely as OXLC, which ranks #2 of 10 tracked partners. On 12-month performance OXLC holds a 13.1-point edge, -39.9% against -26.8%.
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 OXLC: side by side
| CCIF (Carlyle Credit Income Fund Shares of Beneficial Interest) | OXLC (Oxford Lane Capital Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | -39.9% | -26.8% |
| 5-year return | -39.0% | -22.9% |
| Volatility (ann.) | 20.9% | 28.7% |
| Beta vs S&P 500 | 0.43 | 0.62 |
| Max drawdown (3Y) | -55.6% | -57.2% |
| Market cap | $0.1B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 53.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCIF | OXLC |
|---|---|---|
| 2022 | -6.4% | -24.1% |
| 2023 | +14.5% | +16.5% |
| 2024 | +16.4% | +24.6% |
| 2025 | -27.6% | -24.4% |
| 2026 | -32.1% | -17.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCIF and OXLC 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 OXLC?
As of 2026-08-27, the correlation of weekly returns between CCIF and OXLC is 0.50 over 3 years, 0.56 over 1 year and 0.39 over 5 years.
Is OXLC 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?
On the −1 to +1 scale, 0.50 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-oxlc.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: CCIF correlations · OXLC correlations
