MXC vs NCLH: Correlation
Mexco Energy Corporation (MXC) and Norwegian Cruise Line Holdings (NCLH) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXC and NCLH?
Over the past 3 years, MXC and NCLH moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -565.3 %².
Within MXC's tracked universe of 56 assets, NCLH comes in at #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MXC ahead by 54.7 points (+21.6% versus -33.1%).
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.
MXC vs NCLH: side by side
| MXC (Mexco Energy Corporation) | NCLH (Norwegian Cruise Line Holdings) | |
|---|---|---|
| 1-year return | +21.6% | -33.1% |
| 5-year return | +7.2% | -34.4% |
| Volatility (ann.) | 62.1% | 49.9% |
| Beta vs S&P 500 | -0.31 | 1.52 |
| Max drawdown (3Y) | -60.6% | -49.1% |
| Market cap | – | $7.6B |
| P/E (trailing) | 13.0 | 10.1 |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | MXC | NCLH |
|---|---|---|
| 2022 | +33.0% | -41.0% |
| 2023 | -26.2% | +63.7% |
| 2024 | +24.6% | +28.4% |
| 2025 | -10.8% | -13.3% |
| 2026 | -0.6% | -25.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXC 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 MXC and NCLH?
As of 2026-08-27, the correlation of weekly returns between MXC and NCLH is -0.18 over 3 years, -0.22 over 1 year and -0.07 over 5 years.
Is NCLH a good diversifier for MXC?
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?
On the −1 to +1 scale, -0.18 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/mxc-vs-nclh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mxc-vs-nclh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MXC correlations · NCLH correlations
