RCL vs SYF: Correlation
Measured on weekly returns over the past three years, Royal Caribbean Group (RCL) and Synchrony Financial (SYF) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCL and SYF?
Over the past 3 years, RCL and SYF moved with a correlation of 0.59, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.59 over 3 years. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 767.8 %².
By 3-year correlation, SYF places #11 of the 37 assets tracked against RCL. The last year tells two different stories: SYF led by 26.6 percentage points, -19.3% for RCL against +7.3% for SYF. The rolling one-year correlation moved between 0.29 and 0.73 over the past three years, a moderate range.
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.
RCL vs SYF: side by side
| RCL (Royal Caribbean Group) | SYF (Synchrony Financial) | |
|---|---|---|
| 1-year return | -19.3% | +7.3% |
| 5-year return | +257.6% | +81.0% |
| Volatility (ann.) | 41.3% | 31.6% |
| Beta vs S&P 500 | 1.46 | 1.28 |
| Max drawdown (3Y) | -35.0% | -37.7% |
| Market cap | $76.2B | $26.0B |
| P/E (trailing) | 17.9 | 8.2 |
| Dividend yield | 1.72% | 1.50% |
| Sector / category | Consumer Discretionary | Financials |
Year-by-year returns
| Year | RCL | SYF |
|---|---|---|
| 2022 | -35.7% | -27.4% |
| 2023 | +162.0% | +19.8% |
| 2024 | +79.0% | +74.0% |
| 2025 | +22.5% | +30.6% |
| 2026 | +3.2% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCL and SYF good diversifiers for each other?
Only partially. A correlation of 0.59 means RCL and SYF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between RCL and SYF?
As of 2026-08-27, the correlation of weekly returns between RCL and SYF is 0.59 over 3 years, 0.41 over 1 year and 0.56 over 5 years.
Is SYF a good diversifier for RCL?
Only partially. A correlation of 0.59 means RCL and SYF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/rcl-vs-syf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rcl-vs-syf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RCL correlations · SYF correlations
