CCL vs VIK: Correlation
How closely do Carnival Corporation (CCL) and Viking Holdings Ltd (VIK) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCL and VIK?
On 3 years of weekly data the CCL/VIK correlation comes out at 0.73, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1138.3 %².
VIK is one of the assets that tracks CCL most closely: it ranks #3 out of the 40 assets we track against CCL. Their recent paths diverged sharply: over the last 12 months VIK outperformed by 64.3 percentage points (-21.6% for CCL against +42.7% for VIK).
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 VIK: side by side
| CCL (Carnival Corporation) | VIK (Viking Holdings Ltd) | |
|---|---|---|
| 1-year return | -21.6% | +42.7% |
| 5-year return | +7.3% | n/a |
| Volatility (ann.) | 46.5% | 33.6% |
| Beta vs S&P 500 | 1.72 | 1.31 |
| Max drawdown (3Y) | -42.3% | -35.4% |
| Market cap | $34.2B | $40.1B |
| P/E (trailing) | 11.5 | 30.0 |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | CCL | VIK |
|---|---|---|
| 2022 | -59.9% | – |
| 2023 | +130.0% | – |
| 2024 | +34.4% | – |
| 2025 | +22.6% | +62.1% |
| 2026 | -17.0% | +25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCL and VIK good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CCL and VIK?
The CCL/VIK correlation stands at 0.73 on a 3-year window (1 year: 0.71, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VIK a good diversifier for CCL?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccl-vs-vik.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccl-vs-vik/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCL correlations · VIK correlations
