OCCI vs XFLT: Correlation
How closely do OFS Credit Company, Inc. - Closed End Fund (OCCI) and XAI Floating Rate & Alternative Income Trust (XFLT) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCCI and XFLT?
Over the past 3 years, OCCI and XFLT moved with a correlation of 0.50, which is moderate. The past 12 months show a tighter link (0.61) than the 3-year average (0.50). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 285.6 %².
Among the 11 assets we track against OCCI, XFLT ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with XFLT ahead by 26.4 points (-42.9% versus -16.5%). One caveat on sizing: OCCI is 1.8 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.
OCCI vs XFLT: side by side
| OCCI (OFS Credit Company, Inc. - Closed End Fund) | XFLT (XAI Floating Rate & Alternative Income Trust) | |
|---|---|---|
| 1-year return | -42.9% | -16.5% |
| 5-year return | -47.0% | -11.0% |
| Volatility (ann.) | 32.5% | 17.7% |
| Beta vs S&P 500 | 0.76 | 0.36 |
| Max drawdown (3Y) | -56.1% | -47.0% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 47.53% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OCCI | XFLT |
|---|---|---|
| 2022 | -25.8% | -20.3% |
| 2023 | -1.3% | +30.4% |
| 2024 | +31.4% | +7.4% |
| 2025 | -14.4% | -15.3% |
| 2026 | -36.1% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCCI and XFLT good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OCCI and XFLT?
As of 2026-08-27, the correlation of weekly returns between OCCI and XFLT is 0.50 over 3 years, 0.61 over 1 year and 0.41 over 5 years.
Is XFLT a good diversifier for OCCI?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/occi-vs-xflt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/occi-vs-xflt/)
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Related comparisons
Hubs: OCCI correlations · XFLT correlations
