CCIF vs. EFC
CCIF (Carlyle Credit Income Fund) is Intermediate Core Bond fund actively managed by Carlyle, while EFC (Ellington Financial Inc.) is a stock. Over the past 5 years, CCIF returned -9.18%/yr vs 5.22%/yr for EFC. At a 0.16 correlation, their price movements are largely independent.
Performance
CCIF vs. EFC - Performance Comparison
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Returns By Period
In the year-to-date period, CCIF achieves a -30.52% return, which is significantly lower than EFC's 4.50% return.
CCIF
- 1D
- 2.62%
- 1M
- -7.96%
- YTD
- -30.52%
- 6M
- -29.77%
- 1Y
- -39.08%
- 3Y*
- -17.12%
- 5Y*
- -9.18%
- 10Y*
- —
EFC
- 1D
- 1.43%
- 1M
- 0.97%
- YTD
- 4.50%
- 6M
- 4.12%
- 1Y
- 17.52%
- 3Y*
- 14.08%
- 5Y*
- 5.22%
- 10Y*
- 9.35%
CCIF vs. EFC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | -30.52% | -27.64% | 16.37% | 14.50% | -6.37% | 12.67% | 0.51% | -12.85% |
EFC Ellington Financial Inc. | 4.50% | 26.13% | 8.68% | 18.16% | -18.32% | 26.33% | -10.16% | 7.36% |
Correlation
The correlation between CCIF and EFC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 28, 2019 | 0.16 |
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Return for Risk
CCIF vs. EFC — Risk / Return Rank
CCIF
EFC
CCIF vs. EFC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carlyle Credit Income Fund (CCIF) and Ellington Financial Inc. (EFC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CCIF | EFC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.18 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 0.99 | -1.86 |
| Martin ratioReturn relative to average drawdown | -1.50 | 3.23 | -4.73 |
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Drawdowns
CCIF vs. EFC - Drawdown Comparison
The maximum CCIF drawdown since its inception was -53.23%, smaller than the maximum EFC drawdown of -79.08%. Use the drawdown chart below to compare losses from any high point for CCIF and EFC.
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Drawdown Indicators
| CCIF | EFC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -79.08% | +25.85% |
Max Drawdown (1Y)Largest decline over 1 year | -45.20% | -17.71% | -27.49% |
Max Drawdown (3Y)Largest decline over 3 years | -53.23% | -18.86% | -34.37% |
Max Drawdown (5Y)Largest decline over 5 years | -53.23% | -34.19% | -19.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -79.08% | — |
Current DrawdownCurrent decline from peak | -52.01% | -1.39% | -50.62% |
Average DrawdownAverage peak-to-trough decline | -12.00% | -9.91% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.05% | 5.43% | +20.62% |
Volatility
CCIF vs. EFC - Volatility Comparison
Carlyle Credit Income Fund (CCIF) has a higher volatility of 7.44% compared to Ellington Financial Inc. (EFC) at 4.62%. This indicates that CCIF's price experiences larger fluctuations and is considered to be riskier than EFC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCIF | EFC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 4.62% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 26.21% | 13.33% | +12.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.52% | 17.69% | +12.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.35% | 23.96% | -3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.48% | 42.29% | -16.81% |
Dividends
CCIF vs. EFC - Dividend Comparison
CCIF's dividend yield for the trailing twelve months is around 45.02%, more than EFC's 11.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | 45.02% | 26.87% | 15.73% | 23.58% | 9.96% | 8.55% | 6.09% | 3.77% | 0.00% | 0.00% | 0.00% | 0.00% |
EFC Ellington Financial Inc. | 11.56% | 11.49% | 13.20% | 14.16% | 14.55% | 9.60% | 8.49% | 9.87% | 10.70% | 12.13% | 12.56% | 14.60% |
Frequently Asked Questions
CCIF and EFC have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCIF has higher volatility (7.44%) compared to EFC (4.62%). In terms of maximum drawdown, CCIF dropped -53.23% vs EFC's -79.08%.
EFC currently has the higher Sharpe Ratio (0.99 vs -1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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