ASB vs RCL: Correlation
Associated Banc-Corp (ASB) and Royal Caribbean Group (RCL) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASB and RCL?
Over the past 3 years, ASB and RCL moved with a correlation of 0.60, which is strong. The past 12 months show a weaker link (0.45) than the 3-year average (0.60). Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 723.4 %².
Among the 47 assets we track against ASB, RCL ranks #33 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ASB outperformed by 37.8 percentage points (+18.5% for ASB against -19.3% for RCL).
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.
ASB vs RCL: side by side
| ASB (Associated Banc-Corp) | RCL (Royal Caribbean Group) | |
|---|---|---|
| 1-year return | +18.5% | -19.3% |
| 5-year return | +82.7% | +257.6% |
| Volatility (ann.) | 29.0% | 41.3% |
| Beta vs S&P 500 | 1.03 | 1.46 |
| Max drawdown (3Y) | -31.6% | -35.0% |
| Market cap | $5.8B | $76.2B |
| P/E (trailing) | 10.8 | 17.9 |
| Dividend yield | 3.08% | 1.72% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ASB | RCL |
|---|---|---|
| 2022 | +6.0% | -35.7% |
| 2023 | -2.9% | +162.0% |
| 2024 | +16.2% | +79.0% |
| 2025 | +11.8% | +22.5% |
| 2026 | +21.7% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASB and RCL good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ASB and RCL?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.45 over the last year and 0.51 over 5 years.
Is RCL a good diversifier for ASB?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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/asb-vs-rcl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asb-vs-rcl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASB correlations · RCL correlations
