ABNB vs NCLH: Correlation
Measured on weekly returns over the past three years, Airbnb (ABNB) and Norwegian Cruise Line Holdings (NCLH) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABNB and NCLH?
Over the past 3 years, ABNB and NCLH moved with a correlation of 0.46, which is moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 817.0 %².
Within ABNB's tracked universe of 32 assets, NCLH comes in at #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ABNB ahead by 75.1 points (+42.0% versus -33.1%). On a rolling one-year basis the correlation drifted between 0.39 and 0.64, a moderate band.
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 NCLH: side by side
| ABNB (Airbnb) | NCLH (Norwegian Cruise Line Holdings) | |
|---|---|---|
| 1-year return | +42.0% | -33.1% |
| 5-year return | +18.2% | -34.4% |
| Volatility (ann.) | 35.2% | 49.9% |
| Beta vs S&P 500 | 1.28 | 1.52 |
| Max drawdown (3Y) | -37.2% | -49.1% |
| Market cap | $110.4B | $7.6B |
| P/E (trailing) | 42.9 | 10.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | ABNB | NCLH |
|---|---|---|
| 2022 | -48.6% | -41.0% |
| 2023 | +59.2% | +63.7% |
| 2024 | -3.5% | +28.4% |
| 2025 | +3.3% | -13.3% |
| 2026 | +35.9% | -25.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABNB and NCLH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABNB and NCLH?
The ABNB/NCLH correlation stands at 0.46 on a 3-year window (1 year: 0.38, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is NCLH a good diversifier for ABNB?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
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-nclh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abnb-vs-nclh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABNB correlations · NCLH correlations
