CCL vs MAR: Correlation
Measured on weekly returns over the past three years, Carnival Corporation (CCL) and Marriott International (MAR) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCL and MAR?
Over the past 3 years, CCL and MAR moved with a correlation of 0.49, which is moderate. The past 12 months show a weaker link (0.36) than the 3-year average (0.49). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 564.9 %².
Among the 40 assets we track against CCL, MAR ranks #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MAR outperformed by 53.9 percentage points (-21.6% for CCL against +32.3% for MAR). The rolling one-year correlation moved between 0.30 and 0.74 over the past three years, a moderate range. Note the risk asymmetry: CCL runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 MAR: side by side
| CCL (Carnival Corporation) | MAR (Marriott International) | |
|---|---|---|
| 1-year return | -21.6% | +32.3% |
| 5-year return | +7.3% | +173.2% |
| Volatility (ann.) | 46.5% | 24.6% |
| Beta vs S&P 500 | 1.72 | 0.97 |
| Max drawdown (3Y) | -42.3% | -30.5% |
| Market cap | $34.2B | $92.3B |
| P/E (trailing) | 11.5 | 36.7 |
| Dividend yield | 1.17% | 0.76% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | CCL | MAR |
|---|---|---|
| 2022 | -59.9% | -9.3% |
| 2023 | +130.0% | +53.1% |
| 2024 | +34.4% | +24.9% |
| 2025 | +22.6% | +12.3% |
| 2026 | -17.0% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCL and MAR good diversifiers for each other?
Reasonably. At 0.49, CCL and MAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CCL and MAR?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.36 over the last year and 0.57 over 5 years.
Is MAR a good diversifier for CCL?
Reasonably. At 0.49, CCL and MAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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-mar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccl-vs-mar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCL correlations · MAR correlations
