CCL vs LULU: Correlation
How closely do Carnival Corporation (CCL) and Lululemon Athletica (LULU) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCL and LULU?
On 3 years of weekly data the CCL/LULU correlation comes out at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 748.3 %².
Among the 40 assets we track against CCL, LULU ranks #29 by 3-year correlation. The last year tells two different stories: CCL led by 22.5 percentage points, -21.6% for CCL against -44.1% for LULU. On a rolling one-year basis the correlation drifted between 0.18 and 0.50, 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 LULU: side by side
| CCL (Carnival Corporation) | LULU (Lululemon Athletica) | |
|---|---|---|
| 1-year return | -21.6% | -44.1% |
| 5-year return | +7.3% | -72.3% |
| Volatility (ann.) | 46.5% | 41.8% |
| Beta vs S&P 500 | 1.72 | 0.98 |
| Max drawdown (3Y) | -42.3% | -79.4% |
| Market cap | $34.2B | $13.1B |
| P/E (trailing) | 11.5 | 9.4 |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | CCL | LULU |
|---|---|---|
| 2022 | -59.9% | -18.2% |
| 2023 | +130.0% | +59.6% |
| 2024 | +34.4% | -25.2% |
| 2025 | +22.6% | -45.7% |
| 2026 | -17.0% | -44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCL and LULU good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCL and LULU?
As of 2026-08-27, the correlation of weekly returns between CCL and LULU is 0.39 over 3 years, 0.36 over 1 year and 0.39 over 5 years.
Is LULU a good diversifier for CCL?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccl-vs-lulu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccl-vs-lulu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCL correlations · LULU correlations
