CCL.L vs. ^GSPC

Last updated Jul 21, 2026

CCL.L (Carnival plc) is a stock, while ^GSPC (S&P 500 Index) is an index. At a 0.34 correlation, their price movements are largely independent.

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.

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

CCL.L

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

^GSPC

• 1D: 0.00%
• 1M: -2.42%
• 6M: 9.57%
• YTD: 9.05%
• 1Y: 18.55%
• 3Y*: 16.23%
• 5Y*: 11.79%
• 10Y*: 12.82%
• ALL TIME*: 11.35%

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

CCL.L vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCL.L Carnival plc	-16.07%	25.17%	38.00%	126.61%	-58.12%	1.21%	-62.01%	1.05%	-20.64%	21.67%
^GSPC S&P 500 Index	9.05%	8.10%	25.46%	18.02%	-9.86%	28.09%	12.84%	23.98%	-0.68%	9.09%

Correlation

The correlation between CCL.L and ^GSPC is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Aug 24, 2007	0.34

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

^GSPC

^GSPC Risk / Return Rank: 75
^GSPC Sharpe Ratio Rank: 72
^GSPC Sortino Ratio Rank: 71
^GSPC Omega Ratio Rank: 74
^GSPC Calmar Ratio Rank: 72
^GSPC Martin Ratio Rank: 85

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CCL.L	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	—	1.55	—
Sortino ratio: Return per unit of downside risk	—	2.08	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.32	—
Martin ratio: Return relative to average drawdown	—	8.39	—

Drawdowns

Drawdown Indicators

	CCL.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	—	-37.07%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.01%	—
Current Drawdown Current decline from peak	—	-2.42%	—
Average Drawdown Average peak-to-trough decline	—	-5.29%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.22%	—

Volatility

Volatility by Period

	CCL.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.06%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.94%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.05%	—

Frequently Asked Questions

Can I hold both CCL.L and ^GSPC in my portfolio?

CCL.L and ^GSPC have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.