OCCI vs OXLC: Correlation
Measured on weekly returns over the past three years, OFS Credit Company, Inc. - Closed End Fund (OCCI) and Oxford Lane Capital Corp. - Closed End Fund (OXLC) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCCI and OXLC?
Across a 3-year window, the weekly returns of OCCI and OXLC correlate at 0.55, moderate. Recent behaviour matches the longer record: 0.63 over 1 year against 0.55 over 3. Stretching to 5 years gives 0.45, with an annualized covariance of 516.5 %².
Few assets follow OCCI as closely as OXLC, which ranks #2 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months OXLC outperformed by 16.1 percentage points (-42.9% for OCCI against -26.8% for OXLC).
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.
OCCI vs OXLC: side by side
| OCCI (OFS Credit Company, Inc. - Closed End Fund) | OXLC (Oxford Lane Capital Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | -42.9% | -26.8% |
| 5-year return | -47.0% | -22.9% |
| Volatility (ann.) | 32.5% | 28.7% |
| Beta vs S&P 500 | 0.76 | 0.62 |
| Max drawdown (3Y) | -56.1% | -57.2% |
| Market cap | $0.1B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 47.53% | 53.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OCCI | OXLC |
|---|---|---|
| 2022 | -25.8% | -24.1% |
| 2023 | -1.3% | +16.5% |
| 2024 | +31.4% | +24.6% |
| 2025 | -14.4% | -24.4% |
| 2026 | -36.1% | -17.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCCI and OXLC good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OCCI and OXLC?
The OCCI/OXLC correlation stands at 0.55 on a 3-year window (1 year: 0.63, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is OXLC a good diversifier for OCCI?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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/occi-vs-oxlc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/occi-vs-oxlc/)
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Related comparisons
Hubs: OCCI correlations · OXLC correlations
