BKNG vs RCL: Correlation
Measured on weekly returns over the past three years, Booking Holdings (BKNG) and Royal Caribbean Group (RCL) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKNG and RCL?
Over the past 3 years, BKNG and RCL moved with a correlation of 0.50, which is moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.50). Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 597.5 %².
By 3-year correlation, RCL places #20 of the 39 assets tracked against BKNG. The trailing year gives BKNG the advantage: -9.1% versus -19.3%, a 10.2-point spread. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.24 to 0.74.
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.
BKNG vs RCL: side by side
| BKNG (Booking Holdings) | RCL (Royal Caribbean Group) | |
|---|---|---|
| 1-year return | -9.1% | -19.3% |
| 5-year return | +127.1% | +257.6% |
| Volatility (ann.) | 29.1% | 41.3% |
| Beta vs S&P 500 | 1.11 | 1.46 |
| Max drawdown (3Y) | -33.4% | -35.0% |
| Market cap | $152.2B | $76.2B |
| P/E (trailing) | 23.2 | 17.9 |
| Dividend yield | 0.77% | 1.72% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | BKNG | RCL |
|---|---|---|
| 2022 | -16.0% | -35.7% |
| 2023 | +76.0% | +162.0% |
| 2024 | +41.3% | +79.0% |
| 2025 | +8.6% | +22.5% |
| 2026 | -5.0% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKNG and RCL good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BKNG and RCL?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.26 over the last year and 0.58 over 5 years.
Is RCL a good diversifier for BKNG?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bkng-vs-rcl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bkng-vs-rcl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BKNG correlations · RCL correlations
