CCL vs GM: Correlation
Measured on weekly returns over the past three years, Carnival Corporation (CCL) and General Motors (GM) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCL and GM?
Across a 3-year window, the weekly returns of CCL and GM correlate at 0.45, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.45 over 3. Stretching to 5 years gives 0.57, with an annualized covariance of 676.4 %².
Among the 40 assets we track against CCL, GM ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GM outperformed by 69.6 percentage points (-21.6% for CCL against +48.0% for GM). On a rolling one-year basis the correlation drifted between 0.32 and 0.76, 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.
CCL vs GM: side by side
| CCL (Carnival Corporation) | GM (General Motors) | |
|---|---|---|
| 1-year return | -21.6% | +48.0% |
| 5-year return | +7.3% | +82.5% |
| Volatility (ann.) | 46.5% | 32.2% |
| Beta vs S&P 500 | 1.72 | 0.98 |
| Max drawdown (3Y) | -42.3% | -29.1% |
| Market cap | $34.2B | $77.9B |
| P/E (trailing) | 11.5 | 38.6 |
| Dividend yield | 1.17% | 0.76% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | CCL | GM |
|---|---|---|
| 2022 | -59.9% | -42.4% |
| 2023 | +130.0% | +7.9% |
| 2024 | +34.4% | +49.8% |
| 2025 | +22.6% | +54.2% |
| 2026 | -17.0% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCL and GM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CCL and GM?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.46 over the last year and 0.57 over 5 years.
Is GM a good diversifier for CCL?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/ccl-vs-gm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccl-vs-gm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCL correlations · GM correlations
