EBAY vs NCLH: Correlation
How closely do eBay Inc. (EBAY) and Norwegian Cruise Line Holdings (NCLH) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBAY and NCLH?
Across a 3-year window, the weekly returns of EBAY and NCLH correlate at 0.25, weak. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.25). Stretching to 5 years gives 0.34, with an annualized covariance of 356.2 %².
Among the 33 assets we track against EBAY, NCLH ranks #22 by 3-year correlation. The last year tells two different stories: EBAY led by 43.7 percentage points, +10.6% for EBAY against -33.1% for NCLH. The rolling one-year correlation moved between 0.06 and 0.45 over the past three years, a moderate range. Risk is not evenly split, since NCLH carries 1.7 times the volatility of the other side.
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.
EBAY vs NCLH: side by side
| EBAY (eBay Inc.) | NCLH (Norwegian Cruise Line Holdings) | |
|---|---|---|
| 1-year return | +10.6% | -33.1% |
| 5-year return | +43.9% | -34.4% |
| Volatility (ann.) | 28.9% | 49.9% |
| Beta vs S&P 500 | 0.58 | 1.52 |
| Max drawdown (3Y) | -20.7% | -49.1% |
| Market cap | $45.5B | $7.6B |
| P/E (trailing) | 21.9 | 10.1 |
| Dividend yield | 1.15% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | EBAY | NCLH |
|---|---|---|
| 2022 | -36.5% | -41.0% |
| 2023 | +7.7% | +63.7% |
| 2024 | +44.8% | +28.4% |
| 2025 | +42.7% | -13.3% |
| 2026 | +18.1% | -25.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBAY and NCLH good diversifiers for each other?
Reasonably. At 0.25, EBAY and NCLH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EBAY and NCLH?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.06 over the last year and 0.34 over 5 years.
Is NCLH a good diversifier for EBAY?
Reasonably. At 0.25, EBAY and NCLH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 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/ebay-vs-nclh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ebay-vs-nclh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EBAY correlations · NCLH correlations
