CCIF vs XFLT: Correlation
How closely do Carlyle Credit Income Fund Shares of Beneficial Interest (CCIF) and XAI Floating Rate & Alternative Income Trust (XFLT) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCIF and XFLT?
On 3 years of weekly data the CCIF/XFLT correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 154.6 %².
Within CCIF's tracked universe of 10 assets, XFLT comes in at #5 by 3-year correlation. The last year tells two different stories: XFLT led by 23.4 percentage points, -39.9% for CCIF against -16.5% for XFLT.
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 XFLT: side by side
| CCIF (Carlyle Credit Income Fund Shares of Beneficial Interest) | XFLT (XAI Floating Rate & Alternative Income Trust) | |
|---|---|---|
| 1-year return | -39.9% | -16.5% |
| 5-year return | -39.0% | -11.0% |
| Volatility (ann.) | 20.9% | 17.7% |
| Beta vs S&P 500 | 0.43 | 0.36 |
| Max drawdown (3Y) | -55.6% | -47.0% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCIF | XFLT |
|---|---|---|
| 2022 | -6.4% | -20.3% |
| 2023 | +14.5% | +30.4% |
| 2024 | +16.4% | +7.4% |
| 2025 | -27.6% | -15.3% |
| 2026 | -32.1% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCIF and XFLT good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCIF and XFLT?
The CCIF/XFLT correlation stands at 0.42 on a 3-year window (1 year: 0.47, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is XFLT a good diversifier for CCIF?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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-xflt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccif-vs-xflt/)
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Related comparisons
Hubs: CCIF correlations · XFLT correlations
