CMG vs RCL: Correlation
How closely do Chipotle Mexican Grill (CMG) and Royal Caribbean Group (RCL) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMG and RCL?
On 3 years of weekly data the CMG/RCL correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 619.0 %².
Among the 36 assets we track against CMG, RCL ranks #12 by 3-year correlation. Over the last 12 months CMG came out ahead by 6.6 percentage points (-12.7% against -19.3%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.13 to 0.70.
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.
CMG vs RCL: side by side
| CMG (Chipotle Mexican Grill) | RCL (Royal Caribbean Group) | |
|---|---|---|
| 1-year return | -12.7% | -19.3% |
| 5-year return | -2.9% | +257.6% |
| Volatility (ann.) | 35.7% | 41.3% |
| Beta vs S&P 500 | 0.89 | 1.46 |
| Max drawdown (3Y) | -58.9% | -35.0% |
| Market cap | $47.1B | $76.2B |
| P/E (trailing) | 34.5 | 17.9 |
| Dividend yield | 0.00% | 1.72% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | CMG | RCL |
|---|---|---|
| 2022 | -20.6% | -35.7% |
| 2023 | +64.8% | +162.0% |
| 2024 | +31.8% | +79.0% |
| 2025 | -38.6% | +22.5% |
| 2026 | +0.6% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMG and RCL good diversifiers for each other?
Reasonably. At 0.42, CMG and RCL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CMG and RCL?
As of 2026-08-27, the correlation of weekly returns between CMG and RCL is 0.42 over 3 years, 0.35 over 1 year and 0.43 over 5 years.
Is RCL a good diversifier for CMG?
Reasonably. At 0.42, CMG and RCL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/cmg-vs-rcl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmg-vs-rcl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMG correlations · RCL correlations
