NCI vs OCCI: Correlation
Neo-Concept International Group Holdings Limited - Class A (NCI) and OFS Credit Company, Inc. - Closed End Fund (OCCI) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NCI and OCCI?
On 3 years of weekly data the NCI/OCCI correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.39) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1841.1 %².
OCCI is close to the least connected end of NCI's tracked universe, ranking #19 of 20. Their recent paths diverged sharply: over the last 12 months NCI outperformed by 37.1 percentage points (-5.8% for NCI against -42.9% for OCCI). Note the risk asymmetry: NCI runs 5.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NCI vs OCCI: side by side
| NCI (Neo-Concept International Group Holdings Limited - Class A) | OCCI (OFS Credit Company, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | -5.8% | -42.9% |
| 5-year return | n/a | -47.0% |
| Volatility (ann.) | 184.4% | 32.5% |
| Beta vs S&P 500 | -0.24 | 0.76 |
| Max drawdown (3Y) | -99.0% | -56.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | 154.5 | – |
| Dividend yield | 0.00% | 47.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NCI | OCCI |
|---|---|---|
| 2022 | – | -25.8% |
| 2023 | – | -1.3% |
| 2024 | – | +31.4% |
| 2025 | -65.8% | -14.4% |
| 2026 | +36.7% | -36.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NCI and OCCI good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NCI and OCCI?
As of 2026-08-27, the correlation of weekly returns between NCI and OCCI is -0.31 over 3 years, -0.39 over 1 year and n/a over 5 years.
Is OCCI a good diversifier for NCI?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nci-vs-occi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nci-vs-occi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NCI correlations · OCCI correlations
