NCLH vs. JPST
NCLH (Norwegian Cruise Line Holdings Ltd.) is a stock, while JPST (JPMorgan Ultra-Short Income ETF) is Ultrashort Bond fund actively managed by JPMorgan. Over the past 5 years, NCLH returned -2.65%/yr vs 3.72%/yr for JPST. Their 0.04 correlation means their historical movements had little consistent relationship.
Performance
NCLH vs. JPST - Performance Comparison
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Returns By Period
In the year-to-date period, NCLH achieves a -11.47% return, which is significantly lower than JPST's 2.01% return.
NCLH
- 1D
- 6.64%
- 1M
- -0.10%
- 6M
- -16.41%
- YTD
- -11.47%
- 1Y
- -19.35%
- 3Y*
- 3.25%
- 5Y*
- -2.65%
- 10Y*
- -7.50%
- ALL TIME*
- -1.75%
JPST
- 1D
- 0.06%
- 1M
- 0.30%
- 6M
- 1.62%
- YTD
- 2.01%
- 1Y
- 3.96%
- 3Y*
- 5.07%
- 5Y*
- 3.72%
- 10Y*
- —
- ALL TIME*
- 2.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $283.32M | $279.21M | $317.05M | |
| $347.22M | $289.69M | $360.90M |
NCLH vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCLH Norwegian Cruise Line Holdings Ltd. | -11.47% | -13.25% | 28.39% | 63.73% | -40.98% | -18.44% | -56.46% | 37.79% | -20.39% | 8.41% |
JPST JPMorgan Ultra-Short Income ETF | 2.01% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 0.98% |
Correlation
The correlation between NCLH and JPST is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 19, 2017 | 0.04 |
Over the past year, NCLH and JPST have become more correlated (0.26) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
NCLH vs. JPST — Risk / Return Rank
NCLH
JPST
NCLH vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Norwegian Cruise Line Holdings Ltd. (NCLH) and JPMorgan Ultra-Short Income ETF (JPST). 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.
| NCLH | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.07 | ||
| Sortino ratioReturn per unit of downside risk | -15.74 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 3.51 | -2.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 26.75 | -27.18 |
| Martin ratioReturn relative to average drawdown | -0.83 | 126.55 | -127.38 |
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Drawdowns
NCLH vs. JPST - Drawdown Comparison
The maximum NCLH drawdown since its inception was -87.81%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for NCLH and JPST.
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Drawdown Indicators
| NCLH | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.81% | -3.28% | -84.53% |
Max Drawdown (1Y)Largest decline over 1 year | -45.10% | -0.15% | -44.95% |
Max Drawdown (3Y)Largest decline over 3 years | -49.12% | -0.30% | -48.82% |
Max Drawdown (5Y)Largest decline over 5 years | -64.11% | -0.79% | -63.32% |
Max Drawdown (10Y)Largest decline over 10 years | -87.25% | — | — |
Current DrawdownCurrent decline from peak | -69.01% | 0.00% | -69.01% |
Average DrawdownAverage peak-to-trough decline | -40.27% | -0.08% | -40.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.46% | 0.03% | +23.43% |
Volatility
NCLH vs. JPST - Volatility Comparison
Norwegian Cruise Line Holdings Ltd. (NCLH) has a higher volatility of 17.35% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.14%. This indicates that NCLH's price experiences larger fluctuations and is considered to be riskier than JPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCLH | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.35% | 0.14% | +17.21% |
Volatility (6M)Calculated over the trailing 6-month period | 43.10% | 0.39% | +42.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.09% | 0.52% | +53.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.62% | 0.58% | +57.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.17% | 0.93% | +61.24% |
Dividends
NCLH vs. JPST - Dividend Comparison
NCLH has not paid dividends to shareholders, while JPST's dividend yield for the trailing twelve months is around 4.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 4.20% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
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% |
Frequently Asked Questions
NCLH and JPST have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NCLH has higher volatility (17.35%) compared to JPST (0.14%). In terms of maximum drawdown, NCLH dropped -87.81% vs JPST's -3.28%.
JPST currently has the higher Sharpe Ratio (7.71 vs -0.36), 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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