EARN vs ECC: Correlation
How closely do Ellington Credit Company (EARN) and Eagle Point Credit Company Common Share of Beneficial (ECC) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EARN and ECC?
Over the past 3 years, EARN and ECC moved with a correlation of 0.49, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.49 over 3. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 321.5 %².
Among the 14 assets we track against EARN, ECC ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EARN outperformed by 23.8 percentage points (-7.9% for EARN against -31.7% for ECC).
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.
EARN vs ECC: side by side
| EARN (Ellington Credit Company) | ECC (Eagle Point Credit Company Common Share of Beneficial) | |
|---|---|---|
| 1-year return | -7.9% | -31.7% |
| 5-year return | -17.5% | -22.4% |
| Volatility (ann.) | 24.8% | 26.2% |
| Beta vs S&P 500 | 0.92 | 0.62 |
| Max drawdown (3Y) | -31.2% | -49.4% |
| Market cap | $0.2B | $0.5B |
| P/E (trailing) | 15.9 | – |
| Dividend yield | 21.57% | 37.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EARN | ECC |
|---|---|---|
| 2022 | -25.0% | -11.7% |
| 2023 | +3.0% | +12.1% |
| 2024 | +24.6% | +13.4% |
| 2025 | -5.9% | -18.4% |
| 2026 | -5.0% | -21.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EARN and ECC good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EARN and ECC?
As of 2026-08-27, the correlation of weekly returns between EARN and ECC is 0.49 over 3 years, 0.45 over 1 year and 0.42 over 5 years.
Is ECC a good diversifier for EARN?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/earn-vs-ecc.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EARN correlations · ECC correlations
