NCLH vs. SMH
Compare and contrast key facts about Norwegian Cruise Line Holdings Ltd. (NCLH) and VanEck Semiconductor ETF (SMH).
SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Performance
NCLH vs. SMH - Performance Comparison
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NCLH vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SMH VanEck Semiconductor ETF | 8.84% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Returns By Period
In the year-to-date period, NCLH achieves a -13.17% return, which is significantly lower than SMH's 8.84% return. Over the past 10 years, NCLH has underperformed SMH with an annualized return of -9.83%, while SMH has yielded a comparatively higher 31.58% annualized return.
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%
SMH
- 1D
- 2.24%
- 1M
- -3.55%
- YTD
- 8.84%
- 6M
- 17.83%
- 1Y
- 85.04%
- 3Y*
- 44.53%
- 5Y*
- 26.15%
- 10Y*
- 31.58%
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Return for Risk
NCLH vs. SMH — Risk / Return Rank
NCLH
SMH
NCLH vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Norwegian Cruise Line Holdings Ltd. (NCLH) and VanEck Semiconductor ETF (SMH). 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 | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.03 | 2.32 | -2.29 |
Sortino ratioReturn per unit of downside risk | 0.46 | 2.92 | -2.46 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.41 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | 0.06 | 5.39 | -5.33 |
Martin ratioReturn relative to average drawdown | 0.13 | 19.22 | -19.09 |
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 | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 2.32 | -2.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.76 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.16 | 0.98 | -1.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.28 | -0.32 |
Correlation
The correlation between NCLH and SMH is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NCLH vs. SMH - Dividend Comparison
NCLH has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.28%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SMH VanEck Semiconductor ETF | 0.28% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
NCLH vs. SMH - Drawdown Comparison
The maximum NCLH drawdown since its inception was -87.81%, roughly equal to the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for NCLH and SMH.
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Drawdown Indicators
| NCLH | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.81% | -84.96% | -2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -35.04% | -15.95% | -19.09% |
Max Drawdown (5Y)Largest decline over 5 years | -69.21% | -45.30% | -23.91% |
Max Drawdown (10Y)Largest decline over 10 years | -87.25% | -45.30% | -41.95% |
Current DrawdownCurrent decline from peak | -69.60% | -8.02% | -61.58% |
Average DrawdownAverage peak-to-trough decline | -39.52% | -41.35% | +1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.43% | 4.47% | +11.96% |
Volatility
NCLH vs. SMH - Volatility Comparison
Norwegian Cruise Line Holdings Ltd. (NCLH) has a higher volatility of 17.23% compared to VanEck Semiconductor ETF (SMH) at 11.74%. This indicates that NCLH's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCLH | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.23% | 11.74% | +5.49% |
Volatility (6M)Calculated over the trailing 6-month period | 41.57% | 24.02% | +17.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.45% | 36.88% | +20.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.54% | 34.68% | +22.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.64% | 32.29% | +29.35% |