ECC vs EIC: Correlation
How closely do Eagle Point Credit Company Common Share of Beneficial (ECC) and Eagle Point Income Company (EIC) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECC and EIC?
Across a 3-year window, the weekly returns of ECC and EIC correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.48 over 3. Stretching to 5 years gives 0.37, with an annualized covariance of 220.5 %².
Within ECC's tracked universe of 12 assets, EIC comes in at #6 by 3-year correlation. On 12-month performance EIC holds a 12.1-point edge, -31.7% against -19.6%.
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.
ECC vs EIC: side by side
| ECC (Eagle Point Credit Company Common Share of Beneficial) | EIC (Eagle Point Income Company) | |
|---|---|---|
| 1-year return | -31.7% | -19.6% |
| 5-year return | -22.4% | +6.9% |
| Volatility (ann.) | 26.2% | 17.5% |
| Beta vs S&P 500 | 0.62 | 0.36 |
| Max drawdown (3Y) | -49.4% | -34.1% |
| Market cap | $0.5B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 37.50% | 14.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECC | EIC |
|---|---|---|
| 2022 | -11.7% | -10.5% |
| 2023 | +12.1% | +20.9% |
| 2024 | +13.4% | +24.0% |
| 2025 | -18.4% | -15.3% |
| 2026 | -21.7% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECC and EIC good diversifiers for each other?
Reasonably. At 0.48, ECC and EIC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ECC and EIC?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.43 over the last year and 0.37 over 5 years.
Is EIC a good diversifier for ECC?
Reasonably. At 0.48, ECC and EIC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/ecc-vs-eic.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ecc-vs-eic/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ECC correlations · EIC correlations
