CPCAY vs. NAS.OL
CPCAY (Cathay Pacific Airways Ltd ADR) and NAS.OL (Norwegian Air Shuttle ASA) are both stocks. Both operate in the Airlines industry within the Industrials sector. Over the past 10 years, CPCAY returned 3.76%/yr vs -44.29%/yr for NAS.OL. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
CPCAY vs. NAS.OL - Performance Comparison
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Different Trading Currencies
CPCAY is traded in USD, while NAS.OL is traded in NOK. To make them comparable, the NAS.OL values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CPCAY achieves a 21.50% return, which is significantly higher than NAS.OL's -16.48% return. Over the past 10 years, CPCAY has outperformed NAS.OL with an annualized return of 3.76%, while NAS.OL has yielded a comparatively lower -44.29% annualized return.
CPCAY
- 1D
- -3.18%
- 1M
- 9.62%
- 6M
- 26.53%
- YTD
- 21.50%
- 1Y
- 33.44%
- 3Y*
- 26.19%
- 5Y*
- 22.23%
- 10Y*
- 3.76%
- ALL TIME*
- 0.57%
NAS.OL
- 1D
- 0.36%
- 1M
- -7.54%
- 6M
- -14.16%
- YTD
- -16.48%
- 1Y
- -6.53%
- 3Y*
- 15.35%
- 5Y*
- 4.93%
- 10Y*
- -44.29%
- ALL TIME*
- -24.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $86.48K | $70.83K | $46.12K | |
| $7.58M | $9.94M | $16.71M |
CPCAY vs. NAS.OL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPCAY Cathay Pacific Airways Ltd ADR | 21.50% | 35.57% | 29.86% | -9.11% | 40.29% | -12.66% | -35.55% | 6.06% | -9.45% | 19.94% |
NAS.OL Norwegian Air Shuttle ASA | -16.48% | 89.22% | -7.85% | 40.64% | -38.63% | -45.13% | -98.89% | -34.91% | -6.66% | -35.39% |
Correlation
The correlation between CPCAY and NAS.OL is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2011 | 0.08 |
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Return for Risk
CPCAY vs. NAS.OL — Risk / Return Rank
CPCAY
NAS.OL
CPCAY vs. NAS.OL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cathay Pacific Airways Ltd ADR (CPCAY) and Norwegian Air Shuttle ASA (NAS.OL). 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.
| CPCAY | NAS.OL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.00 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | -0.24 | +2.22 |
| Martin ratioReturn relative to average drawdown | 4.21 | -0.55 | +4.76 |
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Drawdowns
CPCAY vs. NAS.OL - Drawdown Comparison
The maximum CPCAY drawdown since its inception was -71.44%, smaller than the maximum NAS.OL drawdown of -99.93%. Use the drawdown chart below to compare losses from any high point for CPCAY and NAS.OL.
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Drawdown Indicators
| CPCAY | NAS.OL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.44% | -99.93% | +28.49% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -27.69% | +12.43% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | -48.36% | +29.06% |
Max Drawdown (5Y)Largest decline over 5 years | -21.19% | -59.27% | +38.08% |
Max Drawdown (10Y)Largest decline over 10 years | -62.12% | -99.90% | +37.78% |
Current DrawdownCurrent decline from peak | -6.18% | -99.81% | +93.63% |
Average DrawdownAverage peak-to-trough decline | -39.06% | -61.91% | +22.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 12.11% | -4.94% |
Volatility
CPCAY vs. NAS.OL - Volatility Comparison
Cathay Pacific Airways Ltd ADR (CPCAY) has a higher volatility of 10.44% compared to Norwegian Air Shuttle ASA (NAS.OL) at 6.97%. This indicates that CPCAY's price experiences larger fluctuations and is considered to be riskier than NAS.OL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPCAY | NAS.OL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.44% | 6.97% | +3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 25.96% | 31.44% | -5.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.99% | 37.43% | -3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.30% | 47.34% | -14.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.92% | 85.94% | -51.02% |
Dividends
CPCAY vs. NAS.OL - Dividend Comparison
CPCAY's dividend yield for the trailing twelve months is around 5.88%, less than NAS.OL's 13.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPCAY Cathay Pacific Airways Ltd ADR | 5.88% | 5.58% | 6.45% | 0.00% | 0.00% | 0.00% | 0.00% | 2.95% | 1.20% | 0.00% | 5.70% | 3.94% |
NAS.OL Norwegian Air Shuttle ASA | 13.05% | 5.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CPCAY vs. NAS.OL - Financials Comparison
This section allows you to compare key financial metrics between Cathay Pacific Airways Ltd ADR and Norwegian Air Shuttle ASA. 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
Frequently Asked Questions
CPCAY and NAS.OL have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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