CDTG vs RCL: Correlation
Measured on weekly returns over the past three years, CDT Environmental Technology Investment Holdings Limited (CDTG) and Royal Caribbean Group (RCL) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDTG and RCL?
On 3 years of weekly data the CDTG/RCL correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1492.5 %².
Within CDTG's tracked universe of 34 assets, RCL comes in at #20 by 3-year correlation. The last year tells two different stories: RCL led by 73.3 percentage points, -92.6% for CDTG against -19.3% for RCL. Note the risk asymmetry: CDTG runs 3.9 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.
CDTG vs RCL: side by side
| CDTG (CDT Environmental Technology Investment Holdings Limited) | RCL (Royal Caribbean Group) | |
|---|---|---|
| 1-year return | -92.6% | -19.3% |
| 5-year return | n/a | +257.6% |
| Volatility (ann.) | 160.6% | 41.3% |
| Beta vs S&P 500 | 0.42 | 1.46 |
| Max drawdown (3Y) | -99.2% | -35.0% |
| Market cap | – | $76.2B |
| P/E (trailing) | – | 17.9 |
| Dividend yield | 0.00% | 1.72% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | CDTG | RCL |
|---|---|---|
| 2022 | – | -35.7% |
| 2023 | – | +162.0% |
| 2024 | – | +79.0% |
| 2025 | -92.2% | +22.5% |
| 2026 | -87.0% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDTG and RCL good diversifiers for each other?
Yes. With a correlation of -0.22, CDTG and RCL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CDTG and RCL?
The CDTG/RCL correlation stands at -0.22 on a 3-year window (1 year: -0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RCL a good diversifier for CDTG?
Yes. With a correlation of -0.22, CDTG and RCL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/cdtg-vs-rcl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdtg-vs-rcl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDTG correlations · RCL correlations
