OCCI vs SPMC: Correlation
How closely do OFS Credit Company, Inc. - Closed End Fund (OCCI) and Sound Point Meridian Capital, Inc. (SPMC) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCCI and SPMC?
On 3 years of weekly data the OCCI/SPMC correlation comes out at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 479.7 %².
Among the 11 assets we track against OCCI, SPMC ranks #5 by 3-year correlation. The trailing year gives SPMC the advantage: -42.9% versus -34.6%, a 8.3-point spread.
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 SPMC: side by side
| OCCI (OFS Credit Company, Inc. - Closed End Fund) | SPMC (Sound Point Meridian Capital, Inc.) | |
|---|---|---|
| 1-year return | -42.9% | -34.6% |
| 5-year return | -47.0% | n/a |
| Volatility (ann.) | 32.5% | 31.4% |
| Beta vs S&P 500 | 0.76 | 1.01 |
| Max drawdown (3Y) | -56.1% | -52.9% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 47.53% | 30.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OCCI | SPMC |
|---|---|---|
| 2022 | -25.8% | – |
| 2023 | -1.3% | – |
| 2024 | +31.4% | – |
| 2025 | -14.4% | -22.5% |
| 2026 | -36.1% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCCI and SPMC good diversifiers for each other?
Reasonably. At 0.46, OCCI and SPMC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OCCI and SPMC?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.46 over the last year and n/a over 5 years.
Is SPMC a good diversifier for OCCI?
Reasonably. At 0.46, OCCI and SPMC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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/occi-vs-spmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/occi-vs-spmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OCCI correlations · SPMC correlations
