CCL vs. AAL
CCL (Carnival Corporation & Plc) and AAL (American Airlines Group Inc.) are both stocks. CCL operates in Travel Services (Consumer Cyclical), while AAL operates in Airlines (Industrials). Over the past 10 years, CCL returned -4.15%/yr vs -8.16%/yr for AAL. At a 0.50 correlation, their price movements are largely independent.
Performance
CCL vs. AAL - Performance Comparison
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Returns By Period
In the year-to-date period, CCL achieves a -10.61% return, which is significantly higher than AAL's -11.29% return. Over the past 10 years, CCL has outperformed AAL with an annualized return of -4.15%, while AAL has yielded a comparatively lower -8.16% annualized return.
CCL
- 1D
- -1.46%
- 1M
- 3.02%
- YTD
- -10.61%
- 6M
- 4.96%
- 1Y
- 12.44%
- 3Y*
- 27.77%
- 5Y*
- -2.16%
- 10Y*
- -4.15%
AAL
- 1D
- 0.74%
- 1M
- 1.87%
- YTD
- -11.29%
- 6M
- -8.48%
- 1Y
- 15.45%
- 3Y*
- -4.41%
- 5Y*
- -10.63%
- 10Y*
- -8.16%
CCL vs. AAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCL Carnival Corporation & Plc | -10.61% | 22.55% | 34.41% | 130.02% | -59.94% | -7.11% | -56.89% | 7.37% | -23.40% | 30.76% |
AAL American Airlines Group Inc. | -11.29% | -12.05% | 26.86% | 8.02% | -29.18% | 13.89% | -44.81% | -9.57% | -37.69% | 12.40% |
Correlation
The correlation between CCL and AAL is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2005 | 0.50 |
The correlation between CCL and AAL shifts across timeframes, from 0.50 (all time) to 0.65 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CCL:
$37.60B
AAL:
$8.99B
CCL:
$2.21
AAL:
$0.31
CCL:
12.20
AAL:
44.50
CCL:
1.40
AAL:
0.16
CCL:
$26.98B
AAL:
$55.99B
CCL:
$10.13B
AAL:
$12.21B
CCL:
$7.23B
AAL:
$4.16B
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Return for Risk
CCL vs. AAL — Risk / Return Rank
CCL
AAL
CCL vs. AAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carnival Corporation & Plc (CCL) and American Airlines Group Inc. (AAL). 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 | AAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.10 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.42 | +0.01 |
| Martin ratioReturn relative to average drawdown | 0.87 | 0.97 | -0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CCL | AAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.32 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.22 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | -0.15 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | -0.02 | +0.19 |
Drawdowns
CCL vs. AAL - Drawdown Comparison
The maximum CCL drawdown since its inception was -90.37%, smaller than the maximum AAL drawdown of -97.20%. Use the drawdown chart below to compare losses from any high point for CCL and AAL.
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Drawdown Indicators
| CCL | AAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.37% | -97.20% | +6.83% |
Max Drawdown (1Y)Largest decline over 1 year | -29.30% | -37.39% | +8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -42.85% | -51.76% | +8.91% |
Max Drawdown (5Y)Largest decline over 5 years | -78.68% | -61.45% | -17.23% |
Max Drawdown (10Y)Largest decline over 10 years | -90.37% | -84.14% | -6.23% |
Current DrawdownCurrent decline from peak | -58.77% | -77.08% | +18.31% |
Average DrawdownAverage peak-to-trough decline | -28.57% | -60.43% | +31.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.38% | 15.98% | -1.60% |
Volatility
CCL vs. AAL - Volatility Comparison
The current volatility for Carnival Corporation & Plc (CCL) is 13.45%, while American Airlines Group Inc. (AAL) has a volatility of 14.19%. This indicates that CCL experiences smaller price fluctuations and is considered to be less risky than AAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCL | AAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.45% | 14.19% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 37.65% | 33.81% | +3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.62% | 48.81% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.40% | 48.04% | +7.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.57% | 52.99% | +4.58% |
Dividends
CCL vs. AAL - Dividend Comparison
CCL's dividend yield for the trailing twelve months is around 1.11%, while AAL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAL American Airlines Group Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.63% | 1.39% | 1.25% | 0.77% | 0.86% | 0.94% |
CCL Carnival Corporation & Plc | 1.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.31% | 3.93% | 3.96% | 2.41% | 2.59% | 2.02% |
Financials
CCL vs. AAL - Financials Comparison
This section allows you to compare key financial metrics between Carnival Corporation & Plc and American Airlines Group Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CCL vs. AAL - Profitability Comparison
CCL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Carnival Corporation & Plc reported a gross profit of 2.23B and revenue of 6.17B. Therefore, the gross margin over that period was 36.1%.
AAL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Airlines Group Inc. reported a gross profit of 3.62B and revenue of 13.91B. Therefore, the gross margin over that period was 26.0%.
CCL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Carnival Corporation & Plc reported an operating income of 607.00M and revenue of 6.17B, resulting in an operating margin of 9.9%.
AAL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Airlines Group Inc. reported an operating income of -41.00M and revenue of 13.91B, resulting in an operating margin of -0.3%.
CCL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Carnival Corporation & Plc reported a net income of 258.00M and revenue of 6.17B, resulting in a net margin of 4.2%.
AAL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Airlines Group Inc. reported a net income of -382.00M and revenue of 13.91B, resulting in a net margin of -2.8%.
Frequently Asked Questions
CCL and AAL have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAL has higher volatility (14.19%) compared to CCL (13.45%). In terms of maximum drawdown, CCL dropped -90.37% vs AAL's -97.20%.
AAL currently has the higher Sharpe Ratio (0.32 vs 0.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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