NCLH vs RF: Correlation
Norwegian Cruise Line Holdings (NCLH) and Regions Financial Corporation (RF) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NCLH and RF?
Across a 3-year window, the weekly returns of NCLH and RF correlate at 0.59, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.59 over 3. Stretching to 5 years gives 0.53, with an annualized covariance of 864.9 %².
By 3-year correlation, RF places #6 of the 35 assets tracked against NCLH. The last year tells two different stories: RF led by 48.5 percentage points, -33.1% for NCLH against +15.4% for RF. On a rolling one-year basis the correlation drifted between 0.40 and 0.74, a moderate band. One caveat on sizing: NCLH is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NCLH vs RF: side by side
| NCLH (Norwegian Cruise Line Holdings) | RF (Regions Financial Corporation) | |
|---|---|---|
| 1-year return | -33.1% | +15.4% |
| 5-year return | -34.4% | +83.5% |
| Volatility (ann.) | 49.9% | 29.2% |
| Beta vs S&P 500 | 1.52 | 1.09 |
| Max drawdown (3Y) | -49.1% | -31.9% |
| Market cap | $7.6B | $25.9B |
| P/E (trailing) | 10.1 | 12.4 |
| Dividend yield | 0.00% | 3.45% |
| Sector / category | Consumer Discretionary | Financials |
Year-by-year returns
| Year | NCLH | RF |
|---|---|---|
| 2022 | -41.0% | +2.3% |
| 2023 | +63.7% | -5.7% |
| 2024 | +28.4% | +27.0% |
| 2025 | -13.3% | +20.2% |
| 2026 | -25.4% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NCLH and RF good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between NCLH and RF?
The NCLH/RF correlation stands at 0.59 on a 3-year window (1 year: 0.49, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is RF a good diversifier for NCLH?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 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/nclh-vs-rf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nclh-vs-rf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NCLH correlations · RF correlations
