NCLH vs SYF: Correlation
Norwegian Cruise Line Holdings (NCLH) and Synchrony Financial (SYF) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NCLH and SYF?
On 3 years of weekly data the NCLH/SYF correlation comes out at 0.57, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.57 over 3. The 5-year figure is 0.56, and annualized covariance runs at 897.9 %².
By 3-year correlation, SYF places #15 of the 35 assets tracked against NCLH. The last year tells two different stories: SYF led by 40.4 percentage points, -33.1% for NCLH against +7.3% for SYF. The rolling one-year correlation moved between 0.39 and 0.69 over the past three years, a moderate range. Risk is not evenly split, since NCLH carries 1.6 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.
NCLH vs SYF: side by side
| NCLH (Norwegian Cruise Line Holdings) | SYF (Synchrony Financial) | |
|---|---|---|
| 1-year return | -33.1% | +7.3% |
| 5-year return | -34.4% | +81.0% |
| Volatility (ann.) | 49.9% | 31.6% |
| Beta vs S&P 500 | 1.52 | 1.28 |
| Max drawdown (3Y) | -49.1% | -37.7% |
| Market cap | $7.6B | $26.0B |
| P/E (trailing) | 10.1 | 8.2 |
| Dividend yield | 0.00% | 1.50% |
| Sector / category | Consumer Discretionary | Financials |
Year-by-year returns
| Year | NCLH | SYF |
|---|---|---|
| 2022 | -41.0% | -27.4% |
| 2023 | +63.7% | +19.8% |
| 2024 | +28.4% | +74.0% |
| 2025 | -13.3% | +30.6% |
| 2026 | -25.4% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NCLH and SYF good diversifiers for each other?
To a limited degree. At 0.57 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 SYF?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.54 over the last year and 0.56 over 5 years.
Is SYF a good diversifier for NCLH?
To a limited degree. At 0.57 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 0.57 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-syf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nclh-vs-syf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NCLH correlations · SYF correlations
