RCL vs TNL: Correlation
Royal Caribbean Group (RCL) and Travel Leisure Co. (TNL) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCL and TNL?
Over the past 3 years, RCL and TNL moved with a correlation of 0.61, which is strong. Recent behaviour matches the longer record: 0.53 over 1 year against 0.61 over 3. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 755.7 %².
Among the 37 assets we track against RCL, TNL ranks #6 by 3-year correlation. The last year tells two different stories: TNL led by 38.5 percentage points, -19.3% for RCL against +19.2% for TNL.
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 TNL: side by side
| RCL (Royal Caribbean Group) | TNL (Travel Leisure Co.) | |
|---|---|---|
| 1-year return | -19.3% | +19.2% |
| 5-year return | +257.6% | +59.9% |
| Volatility (ann.) | 41.3% | 30.1% |
| Beta vs S&P 500 | 1.46 | 1.19 |
| Max drawdown (3Y) | -35.0% | -32.2% |
| Market cap | $76.2B | $4.4B |
| P/E (trailing) | 17.9 | 19.9 |
| Dividend yield | 1.72% | 3.15% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | RCL | TNL |
|---|---|---|
| 2022 | -35.7% | -31.7% |
| 2023 | +162.0% | +12.5% |
| 2024 | +79.0% | +34.8% |
| 2025 | +22.5% | +45.5% |
| 2026 | +3.2% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCL and TNL good diversifiers for each other?
To a limited degree. At 0.61 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 RCL and TNL?
As of 2026-08-27, the correlation of weekly returns between RCL and TNL is 0.61 over 3 years, 0.53 over 1 year and 0.63 over 5 years.
Is TNL a good diversifier for RCL?
To a limited degree. At 0.61 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 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rcl-vs-tnl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rcl-vs-tnl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RCL correlations · TNL correlations
