ABNB vs CCL: Correlation
How closely do Airbnb (ABNB) and Carnival Corporation (CCL) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABNB and CCL?
Over the past 3 years, ABNB and CCL moved with a correlation of 0.46, which is moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.46). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 757.6 %².
Among the 32 assets we track against ABNB, CCL ranks #18 by 3-year correlation. The last year tells two different stories: ABNB led by 63.6 percentage points, +42.0% for ABNB against -21.6% for CCL. The rolling one-year correlation stayed in a tight band between 0.34 and 0.59 over the past three years, which points to a structural rather than episodic relationship.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ABNB vs CCL: side by side
| ABNB (Airbnb) | CCL (Carnival Corporation) | |
|---|---|---|
| 1-year return | +42.0% | -21.6% |
| 5-year return | +18.2% | +7.3% |
| Volatility (ann.) | 35.2% | 46.5% |
| Beta vs S&P 500 | 1.28 | 1.72 |
| Max drawdown (3Y) | -37.2% | -42.3% |
| Market cap | $110.4B | $34.2B |
| P/E (trailing) | 42.9 | 11.5 |
| Dividend yield | 0.00% | 1.17% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | ABNB | CCL |
|---|---|---|
| 2022 | -48.6% | -59.9% |
| 2023 | +59.2% | +130.0% |
| 2024 | -3.5% | +34.4% |
| 2025 | +3.3% | +22.6% |
| 2026 | +35.9% | -17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABNB and CCL good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABNB and CCL?
As of 2026-08-27, the correlation of weekly returns between ABNB and CCL is 0.46 over 3 years, 0.34 over 1 year and 0.57 over 5 years.
Is CCL a good diversifier for ABNB?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abnb-vs-ccl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abnb-vs-ccl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABNB correlations · CCL correlations
