C vs CCL: Correlation
How closely do Citigroup (C) and Carnival Corporation (CCL) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are C and CCL?
Across a 3-year window, the weekly returns of C and CCL correlate at 0.65, strong. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 917.9 %².
Among the 33 assets we track against C, CCL ranks #19 by 3-year correlation. The last year tells two different stories: C led by 61.5 percentage points, +39.9% for C against -21.6% for CCL. Across three years, the rolling one-year figure varied moderately, from 0.42 to 0.79. Risk is not evenly split, since CCL carries 1.5 times the volatility of the other side.
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.
C vs CCL: side by side
| C (Citigroup) | CCL (Carnival Corporation) | |
|---|---|---|
| 1-year return | +39.9% | -21.6% |
| 5-year return | +119.6% | +7.3% |
| Volatility (ann.) | 30.3% | 46.5% |
| Beta vs S&P 500 | 1.39 | 1.72 |
| Max drawdown (3Y) | -31.3% | -42.3% |
| Market cap | $222.6B | $34.2B |
| P/E (trailing) | 14.4 | 11.5 |
| Dividend yield | 1.80% | 1.17% |
| Sector / category | Financials | Consumer Discretionary |
Year-by-year returns
| Year | C | CCL |
|---|---|---|
| 2022 | -22.1% | -59.9% |
| 2023 | +19.0% | +130.0% |
| 2024 | +41.9% | +34.4% |
| 2025 | +70.4% | +22.6% |
| 2026 | +15.4% | -17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are C and CCL good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between C and CCL?
As of 2026-08-27, the correlation of weekly returns between C and CCL is 0.65 over 3 years, 0.57 over 1 year and 0.59 over 5 years.
Is CCL a good diversifier for C?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 mean?
A reading of 0.65 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/c-vs-ccl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/c-vs-ccl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: C correlations · CCL correlations
