Carlyle Credit Correlations

CCIF Etf

3.37 0.10 3.06%

The current 90-days correlation between Carlyle Credit Income and Nuveen Massachusetts Quality is -0.06 (i.e., Good diversification). The correlation of Carlyle Credit is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Carlyle Credit Correlation With Market

Excellent diversification

The correlation between Carlyle Credit Income and DJI is -0.57 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carlyle Credit Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Carlyle Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carlyle Credit Income. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Carlyle Etf

0.77

FNGU

MicroSectors FANG Index Symbol Change

Pair Corr

Moving against Carlyle Etf

0.85	BND	Vanguard Total Bond	Pair Corr
0.83	SPAB	SPDR Portfolio Aggregate	Pair Corr
0.83	EAGG	iShares ESG Aggregate	Pair Corr
0.83	FLCB	Franklin Templeton ETF	Pair Corr
0.82	UITB	VictoryShares USAA Core	Pair Corr
0.82	AGGY	WisdomTree Yield Enhanced	Pair Corr
0.81	DFCF	Dimensional ETF Trust	Pair Corr
0.8	JAGG	JPMorgan BetaBuilders	Pair Corr
0.79	BIV	Vanguard Intermediate	Pair Corr
0.61	DIG	ProShares Ultra Oil	Pair Corr
0.6	NUGT	Direxion Daily Gold	Pair Corr
0.59	DFEN	Direxion Daily Aerospace	Pair Corr
0.55	AGG	iShares Core Aggregate	Pair Corr
0.49	DGP	DB Gold Double	Pair Corr
0.44	UGL	ProShares Ultra Gold	Pair Corr
0.85	DUSL	Direxion Daily Indus	Pair Corr
0.84	MLPR	ETRACS Quarterly Pay	Pair Corr
0.75	USO	United States Oil	Pair Corr
0.72	LALT	Invesco Multi Strategy	Pair Corr
0.67	AVUV	Avantis Small Cap	Pair Corr
0.65	FNK	First Trust Mid	Pair Corr
0.64	DXJ	WisdomTree Japan Hedged	Pair Corr
0.62	KNGZ	First Trust Exchange	Pair Corr
0.61	AVMC	American Century ETF	Pair Corr
0.61	VDC	Vanguard Consumer Staples	Pair Corr
0.58	AVDS	Avantis International	Pair Corr
0.55	HEEM	iShares Currency Hedged	Pair Corr
0.49	EAFG	Pacer Funds Trust	Pair Corr
0.48	LGCF	Themes Cash Flow	Pair Corr
0.45	DOO	BRP Inc Symbol Change	Pair Corr
0.42	BMNZ	Tidal Trust II Upward Rally	Pair Corr
0.4	RSST	Return Stacked Stocks	Pair Corr
0.88	ISTB	iShares Core 1	Pair Corr
0.82	STXV	EA Series Trust	Pair Corr
0.81	EFA	iShares MSCI EAFE Sell-off Trend	Pair Corr
0.72	LQIG	SPDR MarketAxess Inv	Pair Corr
0.72	AHYB	American Century ETF	Pair Corr
0.71	UEVM	VictoryShares Emerging	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.12	-0.14	0.13	0.12	-0.31	-0.04	0.23	0.08	0.21	META
MSFT	-0.12		0.84	-0.65	-0.86	0.8	0.93	0.33	-0.91	-0.94	MSFT
UBER	-0.14	0.84		-0.57	-0.77	0.85	0.75	0.19	-0.81	-0.83	UBER
F	0.13	-0.65	-0.57		0.41	-0.59	-0.51	-0.05	0.75	0.7	F
T	0.12	-0.86	-0.77	0.41		-0.65	-0.84	-0.29	0.75	0.76	T
A	-0.31	0.8	0.85	-0.59	-0.65		0.67	0.2	-0.75	-0.84	A
CRM	-0.04	0.93	0.75	-0.51	-0.84	0.67		0.53	-0.82	-0.9	CRM
JPM	0.23	0.33	0.19	-0.05	-0.29	0.2	0.53		-0.13	-0.32	JPM
MRK	0.08	-0.91	-0.81	0.75	0.75	-0.75	-0.82	-0.13		0.92	MRK
XOM	0.21	-0.94	-0.83	0.7	0.76	-0.84	-0.9	-0.32	0.92		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CRM	+ 0.93	MSFT
XOM	+ 0.92	MRK
A	+ 0.85	UBER
UBER	+ 0.84	MSFT
A	+ 0.8	MSFT
XOM	+ 0.76	T

High negative correlations

XOM	- 0.94	MSFT
MRK	- 0.91	MSFT
XOM	- 0.9	CRM
T	- 0.86	MSFT
XOM	- 0.84	A
CRM	- 0.84	T

Carlyle Credit Competition Risk-Adjusted Indicators

There is a big difference between Carlyle Etf performing well and Carlyle Credit ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Carlyle Credit's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.54	0.08	0.04	0.17	1.53	(1.74)	3.43	(2.81)	13.69
MSFT	1.33	(0.31)	0.00	(0.50)	0.00	0.00	2.19	(2.87)	13.28
UBER	1.56	(0.19)	0.00	(0.30)	0.00	0.00	2.70	(3.82)	11.09
F	1.22	0.09	0.07	0.17	1.05	(1.50)	3.61	(2.22)	7.50
T	1.05	0.15	0.05	(0.64)	0.99	(1.22)	3.87	(1.76)	7.44
A	1.24	(0.41)	0.00	(0.32)	0.00	0.00	2.48	(2.73)	7.20
CRM	1.80	(0.30)	0.00	(0.18)	0.00	0.00	3.66	(4.75)	12.37
JPM	1.27	(0.11)	(0.03)	0.01	1.83	(1.30)	2.34	(3.11)	8.17
MRK	1.27	0.33	0.20	0.72	1.10	(1.42)	2.81	(2.06)	8.74
XOM	1.32	0.41	0.23	12.19	1.09	(1.57)	2.90	(2.44)	6.83

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC