NCLH vs TPR: Correlation
How closely do Norwegian Cruise Line Holdings (NCLH) and Tapestry, Inc. (TPR) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NCLH and TPR?
On 3 years of weekly data the NCLH/TPR correlation comes out at 0.42, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.42 over 3. The 5-year figure is 0.43, and annualized covariance runs at 793.3 %².
Among the 35 assets we track against NCLH, TPR ranks #22 by 3-year correlation. The last year tells two different stories: TPR led by 56.7 percentage points, -33.1% for NCLH against +23.6% for TPR. On a rolling one-year basis the correlation drifted between 0.19 and 0.59, a moderate band.
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 TPR: side by side
| NCLH (Norwegian Cruise Line Holdings) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | -33.1% | +23.6% |
| 5-year return | -34.4% | +240.1% |
| Volatility (ann.) | 49.9% | 37.8% |
| Beta vs S&P 500 | 1.52 | 1.05 |
| Max drawdown (3Y) | -49.1% | -31.8% |
| Market cap | $7.6B | $24.6B |
| P/E (trailing) | 10.1 | 17.9 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | NCLH | TPR |
|---|---|---|
| 2022 | -41.0% | -3.3% |
| 2023 | +63.7% | +0.2% |
| 2024 | +28.4% | +82.8% |
| 2025 | -13.3% | +98.7% |
| 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 TPR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NCLH and TPR?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.48 over the last year and 0.43 over 5 years.
Is TPR a good diversifier for NCLH?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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.
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Related comparisons
Hubs: NCLH correlations · TPR correlations
