ECC vs OCCI: Correlation
Measured on weekly returns over the past three years, Eagle Point Credit Company Common Share of Beneficial (ECC) and OFS Credit Company, Inc. - Closed End Fund (OCCI) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECC and OCCI?
Across a 3-year window, the weekly returns of ECC and OCCI correlate at 0.60, strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.60 over 3. Stretching to 5 years gives 0.50, with an annualized covariance of 510.7 %².
In ECC's tracked universe of 12 assets, OCCI sits right near the top at #2. On 12-month performance ECC holds a 11.2-point edge, -31.7% against -42.9%.
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 OCCI: side by side
| ECC (Eagle Point Credit Company Common Share of Beneficial) | OCCI (OFS Credit Company, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | -31.7% | -42.9% |
| 5-year return | -22.4% | -47.0% |
| Volatility (ann.) | 26.2% | 32.5% |
| Beta vs S&P 500 | 0.62 | 0.76 |
| Max drawdown (3Y) | -49.4% | -56.1% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 37.50% | 47.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECC | OCCI |
|---|---|---|
| 2022 | -11.7% | -25.8% |
| 2023 | +12.1% | -1.3% |
| 2024 | +13.4% | +31.4% |
| 2025 | -18.4% | -14.4% |
| 2026 | -21.7% | -36.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECC and OCCI good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ECC and OCCI?
The ECC/OCCI correlation stands at 0.60 on a 3-year window (1 year: 0.67, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is OCCI a good diversifier for ECC?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 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/ecc-vs-occi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ecc-vs-occi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ECC correlations · OCCI correlations
