EXPE vs RCL: Correlation
Measured on weekly returns over the past three years, Expedia Group (EXPE) and Royal Caribbean Group (RCL) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPE and RCL?
On 3 years of weekly data the EXPE/RCL correlation comes out at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.01) runs below the 3-year figure (0.42). The 5-year figure is 0.54, and annualized covariance runs at 747.8 %².
Among the 33 assets we track against EXPE, RCL ranks #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EXPE outperformed by 70.8 percentage points (+51.5% for EXPE against -19.3% for RCL). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.00 to 0.75.
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.
EXPE vs RCL: side by side
| EXPE (Expedia Group) | RCL (Royal Caribbean Group) | |
|---|---|---|
| 1-year return | +51.5% | -19.3% |
| 5-year return | +123.9% | +257.6% |
| Volatility (ann.) | 42.7% | 41.3% |
| Beta vs S&P 500 | 1.33 | 1.46 |
| Max drawdown (3Y) | -37.4% | -35.0% |
| Market cap | $38.3B | $76.2B |
| P/E (trailing) | 21.0 | 17.9 |
| Dividend yield | 0.53% | 1.72% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | EXPE | RCL |
|---|---|---|
| 2022 | -51.5% | -35.7% |
| 2023 | +73.3% | +162.0% |
| 2024 | +22.8% | +79.0% |
| 2025 | +53.3% | +22.5% |
| 2026 | +13.1% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPE and RCL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EXPE and RCL?
As of 2026-08-27, the correlation of weekly returns between EXPE and RCL is 0.42 over 3 years, 0.01 over 1 year and 0.54 over 5 years.
Is RCL a good diversifier for EXPE?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined 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/expe-vs-rcl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/expe-vs-rcl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXPE correlations · RCL correlations
