DECK vs RCL: Correlation
How closely do Deckers Brands (DECK) and Royal Caribbean Group (RCL) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DECK and RCL?
Across a 3-year window, the weekly returns of DECK and RCL correlate at 0.34, moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.34 over 3. Stretching to 5 years gives 0.37, with an annualized covariance of 620.2 %².
Within DECK's tracked universe of 31 assets, RCL comes in at #20 by 3-year correlation. The trailing year gives RCL the advantage: -26.0% versus -19.3%, a 6.7-point spread. The rolling one-year correlation moved between 0.12 and 0.49 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.
DECK vs RCL: side by side
| DECK (Deckers Brands) | RCL (Royal Caribbean Group) | |
|---|---|---|
| 1-year return | -26.0% | -19.3% |
| 5-year return | +22.8% | +257.6% |
| Volatility (ann.) | 43.6% | 41.3% |
| Beta vs S&P 500 | 1.20 | 1.46 |
| Max drawdown (3Y) | -64.3% | -35.0% |
| Market cap | $11.8B | $76.2B |
| P/E (trailing) | 12.7 | 17.9 |
| Dividend yield | 0.00% | 1.72% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | DECK | RCL |
|---|---|---|
| 2022 | +9.0% | -35.7% |
| 2023 | +67.5% | +162.0% |
| 2024 | +82.3% | +79.0% |
| 2025 | -49.0% | +22.5% |
| 2026 | -16.7% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DECK and RCL good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DECK and RCL?
The DECK/RCL correlation stands at 0.34 on a 3-year window (1 year: 0.30, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is RCL a good diversifier for DECK?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 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/deck-vs-rcl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/deck-vs-rcl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DECK correlations · RCL correlations
