CCL vs SYF: Correlation
Carnival Corporation (CCL) and Synchrony Financial (SYF) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCL and SYF?
Across a 3-year window, the weekly returns of CCL and SYF correlate at 0.62, strong. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 909.0 %².
Within CCL's tracked universe of 40 assets, SYF comes in at #16 by 3-year correlation. The last year tells two different stories: SYF led by 28.9 percentage points, -21.6% for CCL against +7.3% for SYF. The rolling one-year correlation moved between 0.34 and 0.76 over the past three years, a moderate range.
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 SYF: side by side
| CCL (Carnival Corporation) | SYF (Synchrony Financial) | |
|---|---|---|
| 1-year return | -21.6% | +7.3% |
| 5-year return | +7.3% | +81.0% |
| Volatility (ann.) | 46.5% | 31.6% |
| Beta vs S&P 500 | 1.72 | 1.28 |
| Max drawdown (3Y) | -42.3% | -37.7% |
| Market cap | $34.2B | $26.0B |
| P/E (trailing) | 11.5 | 8.2 |
| Dividend yield | 1.17% | 1.50% |
| Sector / category | Consumer Discretionary | Financials |
Year-by-year returns
| Year | CCL | SYF |
|---|---|---|
| 2022 | -59.9% | -27.4% |
| 2023 | +130.0% | +19.8% |
| 2024 | +34.4% | +74.0% |
| 2025 | +22.6% | +30.6% |
| 2026 | -17.0% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCL and SYF good diversifiers for each other?
Only partially. A correlation of 0.62 means CCL and SYF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CCL and SYF?
As of 2026-08-27, the correlation of weekly returns between CCL and SYF is 0.62 over 3 years, 0.57 over 1 year and 0.60 over 5 years.
Is SYF a good diversifier for CCL?
Only partially. A correlation of 0.62 means CCL and SYF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
A reading of 0.62 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-syf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccl-vs-syf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCL correlations · SYF correlations
