MAR vs RCL: Correlation
Measured on weekly returns over the past three years, Marriott International (MAR) and Royal Caribbean Group (RCL) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAR and RCL?
Across a 3-year window, the weekly returns of MAR and RCL correlate at 0.49, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.49 over 3 years. Stretching to 5 years gives 0.57, with an annualized covariance of 496.9 %².
Within MAR's tracked universe of 40 assets, RCL comes in at #21 by 3-year correlation. The last year tells two different stories: MAR led by 51.6 percentage points, +32.3% for MAR against -19.3% for RCL. This link changes with the market regime, having swung between 0.17 and 0.77 on a rolling one-year basis. Risk is not evenly split, since RCL 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.
MAR vs RCL: side by side
| MAR (Marriott International) | RCL (Royal Caribbean Group) | |
|---|---|---|
| 1-year return | +32.3% | -19.3% |
| 5-year return | +173.2% | +257.6% |
| Volatility (ann.) | 24.6% | 41.3% |
| Beta vs S&P 500 | 0.97 | 1.46 |
| Max drawdown (3Y) | -30.5% | -35.0% |
| Market cap | $92.3B | $76.2B |
| P/E (trailing) | 36.7 | 17.9 |
| Dividend yield | 0.76% | 1.72% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | MAR | RCL |
|---|---|---|
| 2022 | -9.3% | -35.7% |
| 2023 | +53.1% | +162.0% |
| 2024 | +24.9% | +79.0% |
| 2025 | +12.3% | +22.5% |
| 2026 | +14.7% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAR and RCL good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MAR and RCL?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.16 over the last year and 0.57 over 5 years.
Is RCL a good diversifier for MAR?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/mar-vs-rcl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mar-vs-rcl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MAR correlations · RCL correlations
