ECC vs OXLC: Correlation
Measured on weekly returns over the past three years, Eagle Point Credit Company Common Share of Beneficial (ECC) and Oxford Lane Capital Corp. - Closed End Fund (OXLC) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECC and OXLC?
Over the past 3 years, ECC and OXLC moved with a correlation of 0.77, which is strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.77 over 3. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 577.0 %².
Few assets follow ECC as closely as OXLC, which ranks #1 of 12 tracked partners. Neither side won the trailing year by much: -31.7% 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.
ECC vs OXLC: side by side
| ECC (Eagle Point Credit Company Common Share of Beneficial) | OXLC (Oxford Lane Capital Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | -31.7% | -26.8% |
| 5-year return | -22.4% | -22.9% |
| Volatility (ann.) | 26.2% | 28.7% |
| Beta vs S&P 500 | 0.62 | 0.62 |
| Max drawdown (3Y) | -49.4% | -57.2% |
| Market cap | $0.5B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 37.50% | 53.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECC | OXLC |
|---|---|---|
| 2022 | -11.7% | -24.1% |
| 2023 | +12.1% | +16.5% |
| 2024 | +13.4% | +24.6% |
| 2025 | -18.4% | -24.4% |
| 2026 | -21.7% | -17.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECC and OXLC good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ECC and OXLC?
As of 2026-08-27, the correlation of weekly returns between ECC and OXLC is 0.77 over 3 years, 0.77 over 1 year and 0.66 over 5 years.
Is OXLC a good diversifier for ECC?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ecc-vs-oxlc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ecc-vs-oxlc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ECC correlations · OXLC correlations
