EIC vs OCCI: Correlation
How closely do Eagle Point Income Company (EIC) and OFS Credit Company, Inc. - Closed End Fund (OCCI) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIC and OCCI?
Across a 3-year window, the weekly returns of EIC and OCCI correlate at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 243.0 %².
Within EIC's tracked universe of 12 assets, OCCI comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EIC ahead by 23.3 points (-19.6% versus -42.9%). One caveat on sizing: OCCI is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EIC vs OCCI: side by side
| EIC (Eagle Point Income Company) | OCCI (OFS Credit Company, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | -19.6% | -42.9% |
| 5-year return | +6.9% | -47.0% |
| Volatility (ann.) | 17.5% | 32.5% |
| Beta vs S&P 500 | 0.36 | 0.76 |
| Max drawdown (3Y) | -34.1% | -56.1% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 14.30% | 47.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EIC | OCCI |
|---|---|---|
| 2022 | -10.5% | -25.8% |
| 2023 | +20.9% | -1.3% |
| 2024 | +24.0% | +31.4% |
| 2025 | -15.3% | -14.4% |
| 2026 | -7.3% | -36.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIC and OCCI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EIC and OCCI?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.52 over the last year and 0.32 over 5 years.
Is OCCI a good diversifier for EIC?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/eic-vs-occi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eic-vs-occi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EIC correlations · OCCI correlations
