NCLH vs. JBLU
NCLH (Norwegian Cruise Line Holdings Ltd.) and JBLU (JetBlue Airways Corporation) are both stocks. NCLH operates in Travel Services (Consumer Cyclical), while JBLU operates in Airlines (Industrials). Over the past 10 years, NCLH returned -8.38%/yr vs -12.50%/yr for JBLU. At a 0.50 correlation, their price movements are largely independent.
Performance
NCLH vs. JBLU - Performance Comparison
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Returns By Period
In the year-to-date period, NCLH achieves a -16.89% return, which is significantly lower than JBLU's 4.62% return. Over the past 10 years, NCLH has outperformed JBLU with an annualized return of -8.38%, while JBLU has yielded a comparatively lower -12.50% annualized return.
NCLH
- 1D
- -1.07%
- 1M
- 8.61%
- YTD
- -16.89%
- 6M
- -2.93%
- 1Y
- -5.16%
- 3Y*
- 2.61%
- 5Y*
- -10.70%
- 10Y*
- -8.38%
JBLU
- 1D
- -1.86%
- 1M
- -6.85%
- YTD
- 4.62%
- 6M
- -3.84%
- 1Y
- -4.99%
- 3Y*
- -13.95%
- 5Y*
- -24.05%
- 10Y*
- -12.50%
NCLH vs. JBLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCLH Norwegian Cruise Line Holdings Ltd. | -16.89% | -13.25% | 28.39% | 63.73% | -40.98% | -18.44% | -56.46% | 37.79% | -20.39% | 25.21% |
JBLU JetBlue Airways Corporation | 4.62% | -42.11% | 41.62% | -14.35% | -54.49% | -2.06% | -22.33% | 16.56% | -28.11% | -0.36% |
Correlation
The correlation between NCLH and JBLU is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2013 | 0.50 |
The correlation between NCLH and JBLU shifts across timeframes, from 0.42 (3 years) to 0.55 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NCLH:
$1.22
JBLU:
-$2.61
NCLH:
0.86
JBLU:
0.14
NCLH:
$10.03B
JBLU:
$9.16B
NCLH:
$4.32B
JBLU:
$3.64B
NCLH:
$2.38B
JBLU:
$151.00M
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Return for Risk
NCLH vs. JBLU — Risk / Return Rank
NCLH
JBLU
NCLH vs. JBLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Norwegian Cruise Line Holdings Ltd. (NCLH) and JetBlue Airways Corporation (JBLU). 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.
| NCLH | JBLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.13 | +0.02 |
| Martin ratioReturn relative to average drawdown | -0.25 | -0.28 | +0.04 |
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
| NCLH | JBLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | -0.08 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | -0.40 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | -0.23 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | -0.08 | +0.04 |
Drawdowns
NCLH vs. JBLU - Drawdown Comparison
The maximum NCLH drawdown since its inception was -87.81%, roughly equal to the maximum JBLU drawdown of -90.91%. Use the drawdown chart below to compare losses from any high point for NCLH and JBLU.
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Drawdown Indicators
| NCLH | JBLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.81% | -90.91% | +3.10% |
Max Drawdown (1Y)Largest decline over 1 year | -45.10% | -37.62% | -7.48% |
Max Drawdown (3Y)Largest decline over 3 years | -49.12% | -63.29% | +14.17% |
Max Drawdown (5Y)Largest decline over 5 years | -68.05% | -81.64% | +13.59% |
Max Drawdown (10Y)Largest decline over 10 years | -87.25% | -85.58% | -1.67% |
Current DrawdownCurrent decline from peak | -70.91% | -84.76% | +13.85% |
Average DrawdownAverage peak-to-trough decline | -39.96% | -60.43% | +20.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.10% | 17.83% | +3.27% |
Volatility
NCLH vs. JBLU - Volatility Comparison
The current volatility for Norwegian Cruise Line Holdings Ltd. (NCLH) is 14.76%, while JetBlue Airways Corporation (JBLU) has a volatility of 17.63%. This indicates that NCLH experiences smaller price fluctuations and is considered to be less risky than JBLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCLH | JBLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.76% | 17.63% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 42.58% | 48.30% | -5.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.92% | 60.61% | -7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.63% | 60.02% | -2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.00% | 54.37% | +7.63% |
Dividends
NCLH vs. JBLU - Dividend Comparison
Neither NCLH nor JBLU has paid dividends to shareholders.
Financials
NCLH vs. JBLU - Financials Comparison
This section allows you to compare key financial metrics between Norwegian Cruise Line Holdings Ltd. and JetBlue Airways Corporation. 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
NCLH vs. JBLU - Profitability Comparison
NCLH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Norwegian Cruise Line Holdings Ltd. reported a gross profit of 953.34M and revenue of 2.33B. Therefore, the gross margin over that period was 40.9%.
JBLU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, JetBlue Airways Corporation reported a gross profit of 966.00M and revenue of 2.24B. Therefore, the gross margin over that period was 43.1%.
NCLH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Norwegian Cruise Line Holdings Ltd. reported an operating income of 232.94M and revenue of 2.33B, resulting in an operating margin of 10.0%.
JBLU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, JetBlue Airways Corporation reported an operating income of -224.00M and revenue of 2.24B, resulting in an operating margin of -10.0%.
NCLH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Norwegian Cruise Line Holdings Ltd. reported a net income of 104.67M and revenue of 2.33B, resulting in a net margin of 4.5%.
JBLU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, JetBlue Airways Corporation reported a net income of -319.00M and revenue of 2.24B, resulting in a net margin of -14.2%.
Frequently Asked Questions
NCLH and JBLU have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JBLU has higher volatility (17.63%) compared to NCLH (14.76%). In terms of maximum drawdown, NCLH dropped -87.81% vs JBLU's -90.91%.
JBLU currently has the higher Sharpe Ratio (-0.08 vs -0.10), 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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