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LUV vs. NCLH
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Performance

LUV vs. NCLH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Southwest Airlines Co. (LUV) and Norwegian Cruise Line Holdings Ltd. (NCLH). The values are adjusted to include any dividend payments, if applicable.

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LUV vs. NCLH - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
LUV
Southwest Airlines Co.
-7.10%25.62%19.11%-11.82%-21.41%-8.09%-13.32%17.72%-28.21%32.40%
NCLH
Norwegian Cruise Line Holdings Ltd.
-13.17%-13.25%28.39%63.73%-40.98%-18.44%-56.46%37.79%-20.39%25.21%

Fundamentals

Market Cap

LUV:

$19.92B

NCLH:

$8.91B

EPS

LUV:

$0.83

NCLH:

$0.91

PE Ratio

LUV:

45.89

NCLH:

21.35

PS Ratio

LUV:

0.72

NCLH:

0.92

PB Ratio

LUV:

2.50

NCLH:

4.03

Total Revenue (TTM)

LUV:

$28.06B

NCLH:

$9.83B

Gross Profit (TTM)

LUV:

$4.89B

NCLH:

$4.19B

EBITDA (TTM)

LUV:

$2.24B

NCLH:

$2.09B

Returns By Period

In the year-to-date period, LUV achieves a -7.10% return, which is significantly higher than NCLH's -13.17% return. Over the past 10 years, LUV has outperformed NCLH with an annualized return of -0.33%, while NCLH has yielded a comparatively lower -9.83% annualized return.


LUV

1D
1.76%
1M
-20.46%
YTD
-7.10%
6M
19.46%
1Y
23.46%
3Y*
7.86%
5Y*
-7.61%
10Y*
-0.33%

NCLH

1D
3.64%
1M
-12.62%
YTD
-13.17%
6M
-19.88%
1Y
1.68%
3Y*
12.95%
5Y*
-6.91%
10Y*
-9.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

LUV vs. NCLH — Risk / Return Rank

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

LUV
LUV Risk / Return Rank: 5555
Overall Rank
LUV Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
LUV Sortino Ratio Rank: 5555
Sortino Ratio Rank
LUV Omega Ratio Rank: 5555
Omega Ratio Rank
LUV Calmar Ratio Rank: 5252
Calmar Ratio Rank
LUV Martin Ratio Rank: 5454
Martin Ratio Rank

NCLH
NCLH Risk / Return Rank: 4141
Overall Rank
NCLH Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
NCLH Sortino Ratio Rank: 4040
Sortino Ratio Rank
NCLH Omega Ratio Rank: 4040
Omega Ratio Rank
NCLH Calmar Ratio Rank: 4242
Calmar Ratio Rank
NCLH Martin Ratio Rank: 4242
Martin Ratio Rank
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.

LUV vs. NCLH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Southwest Airlines Co. (LUV) and Norwegian Cruise Line Holdings Ltd. (NCLH). 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.


LUVNCLHDifference

Sharpe ratio

Return per unit of total volatility

0.49

0.03

+0.46

Sortino ratio

Return per unit of downside risk

1.03

0.46

+0.56

Omega ratio

Gain probability vs. loss probability

1.14

1.06

+0.08

Calmar ratio

Return relative to maximum drawdown

0.48

0.06

+0.42

Martin ratio

Return relative to average drawdown

1.22

0.13

+1.08

LUV vs. NCLH - Sharpe Ratio Comparison

The current LUV Sharpe Ratio is 0.49, which is higher than the NCLH Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of LUV and NCLH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


LUVNCLHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.49

0.03

+0.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.20

-0.12

-0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.01

-0.16

+0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

-0.03

+0.37

Correlation

The correlation between LUV and NCLH is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

LUV vs. NCLH - Dividend Comparison

LUV's dividend yield for the trailing twelve months is around 1.88%, while NCLH has not paid dividends to shareholders.


TTM20252024202320222021202020192018201720162015
LUV
Southwest Airlines Co.
1.88%1.74%2.14%3.12%0.00%0.00%0.39%1.30%1.30%0.73%0.75%0.66%
NCLH
Norwegian Cruise Line Holdings Ltd.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

LUV vs. NCLH - Drawdown Comparison

The maximum LUV drawdown since its inception was -78.25%, smaller than the maximum NCLH drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for LUV and NCLH.


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Drawdown Indicators


LUVNCLHDifference

Max Drawdown

Largest peak-to-trough decline

-78.25%

-87.81%

+9.56%

Max Drawdown (1Y)

Largest decline over 1 year

-33.49%

-35.04%

+1.55%

Max Drawdown (5Y)

Largest decline over 5 years

-64.57%

-69.21%

+4.64%

Max Drawdown (10Y)

Largest decline over 10 years

-64.76%

-87.25%

+22.49%

Current Drawdown

Current decline from peak

-35.97%

-69.60%

+33.63%

Average Drawdown

Average peak-to-trough decline

-29.12%

-39.52%

+10.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.25%

16.43%

-3.18%

Volatility

LUV vs. NCLH - Volatility Comparison

The current volatility for Southwest Airlines Co. (LUV) is 15.94%, while Norwegian Cruise Line Holdings Ltd. (NCLH) has a volatility of 17.23%. This indicates that LUV experiences smaller price fluctuations and is considered to be less risky than NCLH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


LUVNCLHDifference

Volatility (1M)

Calculated over the trailing 1-month period

15.94%

17.23%

-1.29%

Volatility (6M)

Calculated over the trailing 6-month period

33.35%

41.57%

-8.22%

Volatility (1Y)

Calculated over the trailing 1-year period

48.87%

57.45%

-8.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

37.64%

57.54%

-19.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

37.29%

61.64%

-24.35%

Financials

LUV vs. NCLH - Financials Comparison

This section allows you to compare key financial metrics between Southwest Airlines Co. and Norwegian Cruise Line Holdings Ltd.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.002.00B4.00B6.00B8.00BAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
7.44B
2.24B
(LUV) Total Revenue
(NCLH) Total Revenue
Values in USD except per share items

LUV vs. NCLH - Profitability Comparison

The chart below illustrates the profitability comparison between Southwest Airlines Co. and Norwegian Cruise Line Holdings Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

-40.0%-20.0%0.0%20.0%40.0%AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
20.3%
41.0%
Portfolio components
LUV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Southwest Airlines Co. reported a gross profit of 1.51B and revenue of 7.44B. Therefore, the gross margin over that period was 20.3%.

NCLH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Norwegian Cruise Line Holdings Ltd. reported a gross profit of 920.88M and revenue of 2.24B. Therefore, the gross margin over that period was 41.0%.

LUV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Southwest Airlines Co. reported an operating income of 391.00M and revenue of 7.44B, resulting in an operating margin of 5.3%.

NCLH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Norwegian Cruise Line Holdings Ltd. reported an operating income of 186.64M and revenue of 2.24B, resulting in an operating margin of 8.3%.

LUV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Southwest Airlines Co. reported a net income of 323.00M and revenue of 7.44B, resulting in a net margin of 4.3%.

NCLH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Norwegian Cruise Line Holdings Ltd. reported a net income of 14.25M and revenue of 2.24B, resulting in a net margin of 0.6%.