GTE vs NCLH: Correlation
Measured on weekly returns over the past three years, Gran Tierra Energy Inc. (GTE) and Norwegian Cruise Line Holdings (NCLH) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTE and NCLH?
Across a 3-year window, the weekly returns of GTE and NCLH correlate at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.42) than the 3-year average (-0.18). Stretching to 5 years gives -0.03, with an annualized covariance of -531.4 %².
Among the 13 assets we track against GTE, NCLH sits near the bottom by co-movement, at rank #9. The last year tells two different stories: GTE led by 176.1 percentage points, +143.0% for GTE against -33.1% for NCLH.
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.
GTE vs NCLH: side by side
| GTE (Gran Tierra Energy Inc.) | NCLH (Norwegian Cruise Line Holdings) | |
|---|---|---|
| 1-year return | +143.0% | -33.1% |
| 5-year return | +90.8% | -34.4% |
| Volatility (ann.) | 60.6% | 49.9% |
| Beta vs S&P 500 | 0.32 | 1.52 |
| Max drawdown (3Y) | -66.9% | -49.1% |
| Market cap | $0.4B | $7.6B |
| P/E (trailing) | – | 10.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | GTE | NCLH |
|---|---|---|
| 2022 | +30.3% | -41.0% |
| 2023 | -43.0% | +63.7% |
| 2024 | +28.2% | +28.4% |
| 2025 | -41.4% | -13.3% |
| 2026 | +138.4% | -25.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTE and NCLH good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between GTE and NCLH?
The GTE/NCLH correlation stands at -0.18 on a 3-year window (1 year: -0.42, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is NCLH a good diversifier for GTE?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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/gte-vs-nclh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gte-vs-nclh/)
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Related comparisons
Hubs: GTE correlations · NCLH correlations
