EIC vs XFLT: Correlation
How closely do Eagle Point Income Company (EIC) and XAI Floating Rate & Alternative Income Trust (XFLT) 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 EIC and XFLT?
On 3 years of weekly data the EIC/XFLT correlation comes out at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 145.6 %².
XFLT is one of the assets that tracks EIC most closely: it ranks #2 out of the 12 assets we track against EIC. Neither side won the trailing year by much: -19.6% against -16.5%.
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 XFLT: side by side
| EIC (Eagle Point Income Company) | XFLT (XAI Floating Rate & Alternative Income Trust) | |
|---|---|---|
| 1-year return | -19.6% | -16.5% |
| 5-year return | +6.9% | -11.0% |
| Volatility (ann.) | 17.5% | 17.7% |
| Beta vs S&P 500 | 0.36 | 0.36 |
| Max drawdown (3Y) | -34.1% | -47.0% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 14.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EIC | XFLT |
|---|---|---|
| 2022 | -10.5% | -20.3% |
| 2023 | +20.9% | +30.4% |
| 2024 | +24.0% | +7.4% |
| 2025 | -15.3% | -15.3% |
| 2026 | -7.3% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIC and XFLT good diversifiers for each other?
Reasonably. At 0.47, EIC and XFLT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EIC and XFLT?
The EIC/XFLT correlation stands at 0.47 on a 3-year window (1 year: 0.57, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is XFLT a good diversifier for EIC?
Reasonably. At 0.47, EIC and XFLT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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-xflt.json
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[](https://www.pairbook.io/pair/eic-vs-xflt/)
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Related comparisons
Hubs: EIC correlations · XFLT correlations
