RCL vs TFC: Correlation
How closely do Royal Caribbean Group (RCL) and Truist Financial (TFC) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCL and TFC?
On 3 years of weekly data the RCL/TFC correlation comes out at 0.58, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.40 versus 0.58 over 3 years. The 5-year figure is 0.47, and annualized covariance runs at 671.4 %².
Among the 37 assets we track against RCL, TFC ranks #16 by 3-year correlation. The last year tells two different stories: TFC led by 31.4 percentage points, -19.3% for RCL against +12.1% for TFC. The relationship is regime-dependent: the rolling one-year correlation swung between 0.26 and 0.80 over the past three years, so this pair behaves very differently depending on the market environment.
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 TFC: side by side
| RCL (Royal Caribbean Group) | TFC (Truist Financial) | |
|---|---|---|
| 1-year return | -19.3% | +12.1% |
| 5-year return | +257.6% | +12.7% |
| Volatility (ann.) | 41.3% | 28.0% |
| Beta vs S&P 500 | 1.46 | 1.07 |
| Max drawdown (3Y) | -35.0% | -26.9% |
| Market cap | $76.2B | $61.4B |
| P/E (trailing) | 17.9 | 11.6 |
| Dividend yield | 1.72% | 4.10% |
| Sector / category | Consumer Discretionary | Financials |
Year-by-year returns
| Year | RCL | TFC |
|---|---|---|
| 2022 | -35.7% | -23.5% |
| 2023 | +162.0% | -8.6% |
| 2024 | +79.0% | +23.7% |
| 2025 | +22.5% | +19.0% |
| 2026 | +3.2% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCL and TFC good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RCL and TFC?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.40 over the last year and 0.47 over 5 years.
Is TFC a good diversifier for RCL?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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-tfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rcl-vs-tfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RCL correlations · TFC correlations
