We address a recently established relationship, C2+P2=1, which engages concurrence (C) and polarization (P). This relationship has revealed a striking connection between two seemingly unrelated measures. Indeed, while C quantifies entanglement, which is widely seen as a quantum information resource, P quantifies the amount of coherence between optical field components. We discuss the conditions under which C and P may be related to one another and show how the optical approach discloses entanglement as a resource that may be found in both the quantum and the classical domain. This is confirmed by a proposed Bell violation that can be exhibited using either quantum or classical light.