CCL vs LIND: Correlation
Carnival Corporation (CCL) and Lindblad Expeditions Holdings Inc. (LIND) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCL and LIND?
On 3 years of weekly data the CCL/LIND correlation comes out at 0.63, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.63 over 3. The 5-year figure is 0.61, and annualized covariance runs at 1984.4 %².
Among the 40 assets we track against CCL, LIND ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LIND outperformed by 122.0 percentage points (-21.6% for CCL against +100.4% for LIND).
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 LIND: side by side
| CCL (Carnival Corporation) | LIND (Lindblad Expeditions Holdings Inc.) | |
|---|---|---|
| 1-year return | -21.6% | +100.4% |
| 5-year return | +7.3% | +102.2% |
| Volatility (ann.) | 46.5% | 67.7% |
| Beta vs S&P 500 | 1.72 | 1.97 |
| Max drawdown (3Y) | -42.3% | -43.8% |
| Market cap | $34.2B | $2.0B |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | CCL | LIND |
|---|---|---|
| 2022 | -59.9% | -50.6% |
| 2023 | +130.0% | +46.4% |
| 2024 | +34.4% | +5.2% |
| 2025 | +22.6% | +21.6% |
| 2026 | -17.0% | +108.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCL and LIND good diversifiers for each other?
To a limited degree. At 0.63 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 CCL and LIND?
As of 2026-08-27, the correlation of weekly returns between CCL and LIND is 0.63 over 3 years, 0.66 over 1 year and 0.61 over 5 years.
Is LIND a good diversifier for CCL?
To a limited degree. At 0.63 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 0.63 mean?
A reading of 0.63 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/ccl-vs-lind.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccl-vs-lind/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCL correlations · LIND correlations
