RCL vs. CCL
RCL (Royal Caribbean Cruises Ltd.) and CCL (Carnival Corporation & Plc) are both stocks. Both operate in the Travel Services industry within the Consumer Cyclical sector. Over the past 10 years, RCL returned 17.37%/yr vs -2.76%/yr for CCL. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
RCL vs. CCL - Performance Comparison
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Returns By Period
In the year-to-date period, RCL achieves a 12.08% return, which is significantly higher than CCL's -0.08% return. Over the past 10 years, RCL has outperformed CCL with an annualized return of 17.37%, while CCL has yielded a comparatively lower -2.76% annualized return.
RCL
- 1D
- -1.01%
- 1M
- 21.42%
- YTD
- 12.08%
- 6M
- 4.31%
- 1Y
- 15.51%
- 3Y*
- 48.11%
- 5Y*
- 29.85%
- 10Y*
- 17.37%
CCL
- 1D
- -2.20%
- 1M
- 16.20%
- YTD
- -0.08%
- 6M
- -5.23%
- 1Y
- 28.38%
- 3Y*
- 24.53%
- 5Y*
- 1.63%
- 10Y*
- -2.76%
RCL vs. CCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RCL Royal Caribbean Cruises Ltd. | 12.08% | 22.46% | 78.98% | 161.97% | -35.72% | 2.96% | -43.50% | 39.94% | -16.13% | 48.22% |
CCL Carnival Corporation & Plc | -0.08% | 22.55% | 34.41% | 130.02% | -59.94% | -7.11% | -56.89% | 7.37% | -23.40% | 30.76% |
Correlation
The correlation between RCL and CCL is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 1993 | 0.68 |
The correlation between RCL and CCL shifts across timeframes, from 0.68 (all time) to 0.85 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
RCL:
$83.84B
CCL:
$42.02B
RCL:
$16.41
CCL:
$2.21
RCL:
18.85
CCL:
13.64
RCL:
4.60
CCL:
1.57
RCL:
8.55
CCL:
3.22
RCL:
$18.39B
CCL:
$26.98B
RCL:
$8.68B
CCL:
$10.13B
RCL:
$7.13B
CCL:
$7.23B
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Return for Risk
RCL vs. CCL — Risk / Return Rank
RCL
CCL
RCL vs. CCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Caribbean Cruises Ltd. (RCL) and Carnival Corporation & Plc (CCL). 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.
| RCL | CCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.14 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 0.97 | -0.49 |
| Martin ratioReturn relative to average drawdown | 0.81 | 1.95 | -1.14 |
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Drawdowns
RCL vs. CCL - Drawdown Comparison
The maximum RCL drawdown since its inception was -89.49%, roughly equal to the maximum CCL drawdown of -90.37%. Use the drawdown chart below to compare losses from any high point for RCL and CCL.
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Drawdown Indicators
| RCL | CCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -90.37% | +0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -32.36% | -29.30% | -3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -35.02% | -42.85% | +7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -67.64% | -77.32% | +9.68% |
Max Drawdown (10Y)Largest decline over 10 years | -83.30% | -90.37% | +7.07% |
Current DrawdownCurrent decline from peak | -13.99% | -53.92% | +39.93% |
Average DrawdownAverage peak-to-trough decline | -27.76% | -28.59% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.25% | 14.60% | +4.65% |
Volatility
RCL vs. CCL - Volatility Comparison
Royal Caribbean Cruises Ltd. (RCL) and Carnival Corporation & Plc (CCL) have volatilities of 15.22% and 14.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCL | CCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.22% | 14.66% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 38.05% | 39.03% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.10% | 47.52% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.65% | 55.64% | -6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.43% | 57.71% | -4.28% |
Dividends
RCL vs. CCL - Dividend Comparison
RCL's dividend yield for the trailing twelve months is around 1.62%, more than CCL's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCL Carnival Corporation & Plc | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.31% | 3.93% | 3.96% | 2.41% | 2.59% | 2.02% |
RCL Royal Caribbean Cruises Ltd. | 1.62% | 1.25% | 0.41% | 0.00% | 0.00% | 0.00% | 1.04% | 2.22% | 2.66% | 1.81% | 2.08% | 1.33% |
Financials
RCL vs. CCL - Financials Comparison
This section allows you to compare key financial metrics between Royal Caribbean Cruises Ltd. and Carnival Corporation & Plc. 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
RCL vs. CCL - Profitability Comparison
RCL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Royal Caribbean Cruises Ltd. reported a gross profit of 2.21B and revenue of 4.45B. Therefore, the gross margin over that period was 49.5%.
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%.
RCL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Royal Caribbean Cruises Ltd. reported an operating income of 1.16B and revenue of 4.45B, resulting in an operating margin of 26.1%.
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%.
RCL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Royal Caribbean Cruises Ltd. reported a net income of 941.00M and revenue of 4.45B, resulting in a net margin of 21.1%.
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%.
Frequently Asked Questions
RCL and CCL have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCL has higher volatility (15.22%) compared to CCL (14.66%). In terms of maximum drawdown, RCL dropped -89.49% vs CCL's -90.37%.
CCL currently has the higher Sharpe Ratio (0.60 vs 0.33), 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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