CCIF vs. OXLC
CCIF (Carlyle Credit Income Fund) is Intermediate Core Bond fund actively managed by Carlyle, while OXLC (Oxford Lane Capital Corp.) is a stock. Over the past 5 years, CCIF returned -8.45%/yr vs -3.43%/yr for OXLC. At a 0.18 correlation, their price movements are largely independent.
Performance
CCIF vs. OXLC - Performance Comparison
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Returns By Period
In the year-to-date period, CCIF achieves a -30.01% return, which is significantly lower than OXLC's -6.44% return.
CCIF
- 1D
- -2.13%
- 1M
- -5.36%
- 6M
- -32.46%
- YTD
- -30.01%
- 1Y
- -42.65%
- 3Y*
- -14.09%
- 5Y*
- -8.45%
- 10Y*
- —
OXLC
- 1D
- -0.33%
- 1M
- 2.51%
- 6M
- -8.20%
- YTD
- -6.44%
- 1Y
- -22.83%
- 3Y*
- -2.22%
- 5Y*
- -3.43%
- 10Y*
- 5.54%
CCIF vs. OXLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | -30.01% | -27.64% | 16.37% | 14.50% | -6.37% | 12.67% | 0.51% | -12.85% |
OXLC Oxford Lane Capital Corp. | -6.44% | -24.38% | 24.58% | 16.52% | -24.15% | 59.91% | -15.79% | -13.24% |
Correlation
The correlation between CCIF and OXLC is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 28, 2019 | 0.18 |
Over the past year, CCIF and OXLC have become more correlated (0.46) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
CCIF vs. OXLC — Risk / Return Rank
CCIF
OXLC
CCIF vs. OXLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carlyle Credit Income Fund (CCIF) and Oxford Lane Capital Corp. (OXLC). 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 | OXLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 0.92 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.45 | -0.50 |
| Martin ratioReturn relative to average drawdown | -1.52 | -0.82 | -0.70 |
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Drawdowns
CCIF vs. OXLC - Drawdown Comparison
The maximum CCIF drawdown since its inception was -53.23%, smaller than the maximum OXLC drawdown of -74.58%. Use the drawdown chart below to compare losses from any high point for CCIF and OXLC.
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Drawdown Indicators
| CCIF | OXLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -74.58% | +21.35% |
Max Drawdown (1Y)Largest decline over 1 year | -45.12% | -50.56% | +5.44% |
Max Drawdown (3Y)Largest decline over 3 years | -53.23% | -57.17% | +3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -53.23% | -57.17% | +3.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.58% | — |
Current DrawdownCurrent decline from peak | -51.66% | -32.99% | -18.67% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -14.14% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.06% | 27.99% | +0.07% |
Volatility
CCIF vs. OXLC - Volatility Comparison
Carlyle Credit Income Fund (CCIF) has a higher volatility of 7.78% compared to Oxford Lane Capital Corp. (OXLC) at 7.06%. This indicates that CCIF's price experiences larger fluctuations and is considered to be riskier than OXLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCIF | OXLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 7.06% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 26.26% | 37.07% | -10.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.27% | 44.29% | -14.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.40% | 28.76% | -8.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 43.29% | -17.87% |
Dividends
CCIF vs. OXLC - Dividend Comparison
CCIF's dividend yield for the trailing twelve months is around 44.70%, less than OXLC's 70.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | 44.70% | 26.87% | 15.73% | 23.58% | 9.96% | 8.55% | 6.09% | 3.77% | 0.00% | 0.00% | 0.00% | 0.00% |
OXLC Oxford Lane Capital Corp. | 70.82% | 35.86% | 20.12% | 18.83% | 17.75% | 10.51% | 22.46% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% |
Frequently Asked Questions
CCIF and OXLC have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCIF has higher volatility (7.78%) compared to OXLC (7.06%). In terms of maximum drawdown, CCIF dropped -53.23% vs OXLC's -74.58%.
OXLC currently has the higher Sharpe Ratio (-0.52 vs -1.41), 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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