ECC vs PDI: Correlation
Eagle Point Credit Company Common Share of Beneficial (ECC) and PIMCO Dynamic Income Fund (PDI) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECC and PDI?
Across a 3-year window, the weekly returns of ECC and PDI correlate at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.49). Stretching to 5 years gives 0.44, with an annualized covariance of 182.8 %².
By 3-year correlation, PDI places #5 of the 12 assets tracked against ECC. Correlation aside, the last 12 months split them widely, with PDI ahead by 24.1 points (-31.7% versus -7.6%). Risk is not evenly split, since ECC carries 1.8 times the volatility of the other side.
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 PDI: side by side
| ECC (Eagle Point Credit Company Common Share of Beneficial) | PDI (PIMCO Dynamic Income Fund) | |
|---|---|---|
| 1-year return | -31.7% | -7.6% |
| 5-year return | -22.4% | +11.0% |
| Volatility (ann.) | 26.2% | 14.3% |
| Beta vs S&P 500 | 0.62 | 0.52 |
| Max drawdown (3Y) | -49.4% | -14.4% |
| Market cap | $0.5B | $7.1B |
| P/E (trailing) | – | 7.5 |
| Dividend yield | 37.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECC | PDI |
|---|---|---|
| 2022 | -11.7% | -17.0% |
| 2023 | +12.1% | +12.0% |
| 2024 | +13.4% | +17.2% |
| 2025 | -18.4% | +11.1% |
| 2026 | -21.7% | -3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECC and PDI good diversifiers for each other?
Reasonably. At 0.49, ECC and PDI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ECC and PDI?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.30 over the last year and 0.44 over 5 years.
Is PDI a good diversifier for ECC?
Reasonably. At 0.49, ECC and PDI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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-pdi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ecc-vs-pdi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ECC correlations · PDI correlations
