CCL vs TPR: Correlation
Measured on weekly returns over the past three years, Carnival Corporation (CCL) and Tapestry, Inc. (TPR) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCL and TPR?
Across a 3-year window, the weekly returns of CCL and TPR correlate at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.44). Stretching to 5 years gives 0.44, with an annualized covariance of 769.9 %².
Among the 40 assets we track against CCL, TPR ranks #27 by 3-year correlation. The last year tells two different stories: TPR led by 45.2 percentage points, -21.6% for CCL against +23.6% for TPR. The rolling one-year correlation moved between 0.23 and 0.54 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 TPR: side by side
| CCL (Carnival Corporation) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | -21.6% | +23.6% |
| 5-year return | +7.3% | +240.1% |
| Volatility (ann.) | 46.5% | 37.8% |
| Beta vs S&P 500 | 1.72 | 1.05 |
| Max drawdown (3Y) | -42.3% | -31.8% |
| Market cap | $34.2B | $24.6B |
| P/E (trailing) | 11.5 | 17.9 |
| Dividend yield | 1.17% | 1.23% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | CCL | TPR |
|---|---|---|
| 2022 | -59.9% | -3.3% |
| 2023 | +130.0% | +0.2% |
| 2024 | +34.4% | +82.8% |
| 2025 | +22.6% | +98.7% |
| 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 TPR good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCL and TPR?
As of 2026-08-27, the correlation of weekly returns between CCL and TPR is 0.44 over 3 years, 0.54 over 1 year and 0.44 over 5 years.
Is TPR a good diversifier for CCL?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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-tpr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccl-vs-tpr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCL correlations · TPR correlations
