CCL vs MXC: Correlation
Carnival Corporation (CCL) and Mexco Energy Corporation (MXC) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCL and MXC?
On 3 years of weekly data the CCL/MXC correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. The 5-year figure is -0.11, and annualized covariance runs at -627.4 %².
Within CCL's tracked universe of 40 assets, MXC comes in at #32 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MXC outperformed by 43.2 percentage points (-21.6% for CCL against +21.6% for MXC).
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 MXC: side by side
| CCL (Carnival Corporation) | MXC (Mexco Energy Corporation) | |
|---|---|---|
| 1-year return | -21.6% | +21.6% |
| 5-year return | +7.3% | +7.2% |
| Volatility (ann.) | 46.5% | 62.1% |
| Beta vs S&P 500 | 1.72 | -0.31 |
| Max drawdown (3Y) | -42.3% | -60.6% |
| Market cap | $34.2B | – |
| P/E (trailing) | 11.5 | 13.0 |
| Dividend yield | 1.17% | 1.02% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | CCL | MXC |
|---|---|---|
| 2022 | -59.9% | +33.0% |
| 2023 | +130.0% | -26.2% |
| 2024 | +34.4% | +24.6% |
| 2025 | +22.6% | -10.8% |
| 2026 | -17.0% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCL and MXC good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CCL and MXC?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.32 over the last year and -0.11 over 5 years.
Is MXC a good diversifier for CCL?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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-mxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccl-vs-mxc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCL correlations · MXC correlations
