Carlyle Credit Income Fund (CCIF) Performance
CCIF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −51.2% since Dec 31, 2025
- 1 year
- −54.7% total return
- 5 years
- −15.3% a year
- 10 years
- −6.7% a year
- Since first price
- −2.2% a year since 2012
CCIF trailing returns vs SPY, QQQ, AGG
| Period | CCIF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −18.7% | −21.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −26.3% | −31.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −34.9% | −43.0% | +7.8% | +8.4% | −1.5% |
| YTD | −51.2% | −60.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −54.7% | −65.1% | +14.4% | +15.9% | −1.1% |
| 3 years | −56.7%−24.4%/yr | −76.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −56.4%−15.3%/yr | −82.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −50.2%−6.7%/yr | −85.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionAug 8, 2012 | −26.9%−2.2%/yr | −82.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CCIF vs SPY
From Aug 8, 2012: CCIF grew to $7,309, SPY to $69,137.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CCIF returns by calendar year
10 of 13 full years positive. Best 2024 (+16.4%), worst 2025 (−27.6%). 2026 is year to date.
CCIF annual returns table
| Year | CCIF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −51.2% | −53.8% | +12.3% | +15.1% | −1.0% |
| 2025 | −27.6% | −29.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.4% | −7.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +14.5% | −15.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −6.4% | −13.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +14.7% | −5.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +0.5% | −28.9% | +18.3% | +48.6% | +7.5% |
| 2019 | −10.6% | −39.6% | +31.2% | +39.0% | +8.5% |
| 2018 | +3.5% | −3.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +6.8% | −3.0% | +21.7% | +32.7% | +3.6% |
| 2016 | +7.3% | −3.9% | +12.0% | +7.1% | +2.4% |
| 2015 | +12.7% | −2.8% | +1.2% | +9.4% | +0.5% |
| 2014 | +9.8% | −1.3% | +13.5% | +19.2% | +6.0% |
| 2013 | +3.4% | −6.0% | +32.3% | +36.6% | −2.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CCIF largest drawdowns
Now 66.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 23, 2024 | −66.3% | Oct 23, 2026 | not yet | 2.2 years | 2.2 years so far |
| Mar 28, 2019 | −39.6% | Jun 17, 2019 | May 24, 2021 | 3 months | 2.2 years |
| May 30, 2023 | −15.3% | Jul 12, 2023 | Mar 1, 2024 | 43 days | 9 months |
| Sep 22, 2021 | −13.6% | Oct 14, 2022 | Jan 18, 2023 | 1.1 years | 1.3 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CCIF risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | −18.9% | −10.7% | −4.3% | −0.5% |
| Volatility (annualized) | 20.9% | 19.1% | 19.0% | 16.4% |
| Sharpe ratio | -1.10 | -0.68 | -0.25 | -0.04 |
| Sortino ratio | -1.13 | -0.76 | -0.29 | -0.04 |
| Best month | +7.3% | +11.5% | +11.5% | +11.5% |
| Worst month | −23.4% | −23.4% | −29.0% | −29.0% |
| Best 12 months | +26.1% | +27.2% | +33.2% | +33.2% |
| Worst 12 months | −46.3% | −46.3% | −46.3% | −46.3% |
| Positive months | 50% | 55% | 62% | 66% |
| Beta vs S&P 500 | 0.69 | 0.35 | 0.48 | — |
| Correlation with S&P 500 | 0.41 | 0.28 | 0.39 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CCIF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 159 | −54.8% | +6.4% | +33.2% | 73% |
| 3-year (a year) | 135 | −23.8% | +5.5% | +15.4% | 75% |
| 5-year (a year) | 111 | −15.5% | +2.6% | +11.2% | 88% |
| 10-year (a year) | 51 | −6.8% | +4.5% | +6.2% | 82% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
CCIF performance overview
Carlyle Credit Income Fund (CCIF) returned −54.7% over the past year and −6.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned −2.2% a year, turning $10,000 into about $7,309. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −66.3%, from Aug 23, 2024 to Oct 23, 2026; the fund has not yet regained that high. CCIF finished 10 of its 13 full calendar years with a gain; the best year was 2024 (+16.4%) and the worst 2025 (−27.6%). Volatility has been 16.4% a year.
Related: CCIF chart, CCIF dividends. See the CCIF overview for the latest quote and fund facts.
CCIF performance FAQ
What is the CCIF return over the past year?
CCIF returned −54.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 65.1%.
What is the average annual return of CCIF?
CCIF has returned −15.3% a year over 5 years, −6.7% a year over 10 years, −2.2% a year since August 8, 2012 (total return, distributions reinvested).
How much would $10,000 invested in CCIF be worth?
$10,000 invested in CCIF at its first recorded close on August 8, 2012 would be worth about $7,309 on October 23, 2026 with distributions reinvested.
What was the worst year for CCIF?
The worst calendar year was 2025, with a total return of −27.6%. The best was 2024 at +16.4%.
What is the biggest drawdown of CCIF?
The largest peak-to-trough decline was −66.3% between August 23, 2024 and October 23, 2026. It has not yet recovered to that high; it is 66.3% below its peak.
How volatile is CCIF?
Over the past 3 years CCIF had an annualized volatility of 20.9% and a Sharpe ratio of -1.10 (excess return over 1–3 month T-bills per unit of risk).