CCL.L vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Carnival plc (CCL.L) and S&P 500 Index (^GSPC).

Performance

CCL.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Carnival plc (CCL.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

CCL.L vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCL.L Carnival plc	-12.29%	25.17%	38.00%	126.61%	-58.12%	1.21%	-62.01%	4,886.40%	-20.64%	21.67%
^GSPC S&P 500 Index	-2.36%	8.10%	25.46%	18.02%	-9.86%	28.09%	12.84%	23.98%	-0.68%	9.09%

Different Trading Currencies

CCL.L is traded in GBp, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CCL.L achieves a -12.29% return, which is significantly lower than ^GSPC's -2.36% return. Over the past 10 years, CCL.L has outperformed ^GSPC with an annualized return of 40.31%, while ^GSPC has yielded a comparatively lower 13.04% annualized return.

CCL.L

• 1D: 5.04%
• 1M: -8.33%
• YTD: -12.29%
• 6M: 2.38%
• 1Y: 48.01%
• 3Y*: 39.41%
• 5Y*: 4.12%
• 10Y*: 40.31%

^GSPC

• 1D: 0.49%
• 1M: -3.37%
• YTD: -2.36%
• 6M: -0.37%
• 1Y: 13.80%
• 3Y*: 14.19%
• 5Y*: 11.28%
• 10Y*: 13.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CCL.L vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CCL.L

CCL.L Risk / Return Rank: 73
CCL.L Sharpe Ratio Rank: 75
CCL.L Sortino Ratio Rank: 72
CCL.L Omega Ratio Rank: 70
CCL.L Calmar Ratio Rank: 74
CCL.L Martin Ratio Rank: 74

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CCL.L vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carnival plc (CCL.L) and S&P 500 Index (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CCL.L	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.07	0.74	+0.33
Sortino ratio Return per unit of downside risk	1.77	1.15	+0.62
Omega ratio Gain probability vs. loss probability	1.22	1.18	+0.04
Calmar ratio Return relative to maximum drawdown	1.79	1.22	+0.57
Martin ratio Return relative to average drawdown	4.58	4.79	-0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CCL.L vs. ^GSPC - Sharpe Ratio Comparison

The current CCL.L Sharpe Ratio is 1.07, which is higher than the ^GSPC Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of CCL.L and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CCL.L	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	0.74	+0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.71	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	0.72	-0.69
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.55	-0.52

Correlation

The correlation between CCL.L and ^GSPC is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

CCL.L vs. ^GSPC - Drawdown Comparison

The maximum CCL.L drawdown since its inception was -86.68%, which is greater than ^GSPC's maximum drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for CCL.L and ^GSPC.

Drawdown Indicators

	CCL.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-86.68%	-56.78%	-29.90%
Max Drawdown (1Y) Largest decline over 1 year	-25.31%	-12.14%	-13.17%
Max Drawdown (5Y) Largest decline over 5 years	-73.12%	-25.43%	-47.69%
Max Drawdown (10Y) Largest decline over 10 years	-86.68%	-33.92%	-52.76%
Current Drawdown Current decline from peak	-47.15%	-5.78%	-41.37%
Average Drawdown Average peak-to-trough decline	-27.79%	-10.75%	-17.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.91%	2.60%	+7.31%

Volatility

CCL.L vs. ^GSPC - Volatility Comparison

Carnival plc (CCL.L) has a higher volatility of 14.04% compared to S&P 500 Index (^GSPC) at 4.58%. This indicates that CCL.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCL.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.04%	4.58%	+9.46%
Volatility (6M) Calculated over the trailing 6-month period	31.46%	9.50%	+21.96%
Volatility (1Y) Calculated over the trailing 1-year period	44.64%	18.75%	+25.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.58%	15.90%	+35.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,505.09%	18.17%	+1,486.92%