ECC vs SPMC: Correlation
How closely do Eagle Point Credit Company Common Share of Beneficial (ECC) and Sound Point Meridian Capital, Inc. (SPMC) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECC and SPMC?
Across a 3-year window, the weekly returns of ECC and SPMC correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.47 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 410.9 %².
Within ECC's tracked universe of 12 assets, SPMC comes in at #7 by 3-year correlation. Neither side won the trailing year by much: -31.7% against -34.6%.
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 SPMC: side by side
| ECC (Eagle Point Credit Company Common Share of Beneficial) | SPMC (Sound Point Meridian Capital, Inc.) | |
|---|---|---|
| 1-year return | -31.7% | -34.6% |
| 5-year return | -22.4% | n/a |
| Volatility (ann.) | 26.2% | 31.4% |
| Beta vs S&P 500 | 0.62 | 1.01 |
| Max drawdown (3Y) | -49.4% | -52.9% |
| Market cap | $0.5B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 37.50% | 30.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECC | SPMC |
|---|---|---|
| 2022 | -11.7% | – |
| 2023 | +12.1% | – |
| 2024 | +13.4% | – |
| 2025 | -18.4% | -22.5% |
| 2026 | -21.7% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECC and SPMC good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ECC and SPMC?
As of 2026-08-27, the correlation of weekly returns between ECC and SPMC is 0.47 over 3 years, 0.56 over 1 year and n/a over 5 years.
Is SPMC a good diversifier for ECC?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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-spmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ecc-vs-spmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ECC correlations · SPMC correlations
