NHYDY vs. CCL
NHYDY (Norsk Hydro ASA ADR) and CCL (Carnival Corporation & Plc) are both stocks. NHYDY operates in Aluminum (Basic Materials), while CCL operates in Travel Services (Consumer Cyclical). Over the past 10 years, NHYDY returned 15.36%/yr vs -3.18%/yr for CCL. At a 0.27 correlation, their price movements are largely independent.
Performance
NHYDY vs. CCL - Performance Comparison
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Returns By Period
In the year-to-date period, NHYDY achieves a 21.69% return, which is significantly higher than CCL's -4.32% return. Over the past 10 years, NHYDY has outperformed CCL with an annualized return of 15.36%, while CCL has yielded a comparatively lower -3.18% annualized return.
NHYDY
- 1D
- -3.77%
- 1M
- -23.52%
- YTD
- 21.69%
- 6M
- 20.30%
- 1Y
- 72.08%
- 3Y*
- 21.00%
- 5Y*
- 13.44%
- 10Y*
- 15.36%
CCL
- 1D
- 0.66%
- 1M
- 11.28%
- YTD
- -4.32%
- 6M
- -6.49%
- 1Y
- 13.70%
- 3Y*
- 22.75%
- 5Y*
- 0.76%
- 10Y*
- -3.18%
NHYDY vs. CCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NHYDY Norsk Hydro ASA ADR | 21.69% | 47.30% | -14.94% | -4.18% | 5.95% | 76.35% | 34.91% | -15.68% | -38.01% | 65.31% |
CCL Carnival Corporation & Plc | -4.32% | 22.55% | 34.41% | 130.02% | -59.94% | -7.11% | -56.89% | 7.37% | -23.40% | 30.76% |
Correlation
The correlation between NHYDY and CCL is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.27 |
The correlation between NHYDY and CCL shifts across timeframes, from 0.13 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
NHYDY:
$18.08B
CCL:
$40.24B
NHYDY:
NOK 3.10
CCL:
$2.21
NHYDY:
29.10
CCL:
13.06
NHYDY:
0.88
CCL:
1.50
NHYDY:
1.73
CCL:
3.09
NHYDY:
NOK 201.27B
CCL:
$26.98B
NHYDY:
NOK 60.54B
CCL:
$10.13B
NHYDY:
NOK 24.40B
CCL:
$7.23B
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Return for Risk
NHYDY vs. CCL — Risk / Return Rank
NHYDY
CCL
NHYDY vs. CCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Norsk Hydro ASA ADR (NHYDY) and Carnival Corporation & Plc (CCL). 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.
| NHYDY | CCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.09 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 0.47 | +2.00 |
| Martin ratioReturn relative to average drawdown | 14.55 | 0.94 | +13.61 |
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Drawdowns
NHYDY vs. CCL - Drawdown Comparison
The maximum NHYDY drawdown since its inception was -73.90%, smaller than the maximum CCL drawdown of -90.37%. Use the drawdown chart below to compare losses from any high point for NHYDY and CCL.
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Drawdown Indicators
| NHYDY | CCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.90% | -90.37% | +16.47% |
Max Drawdown (1Y)Largest decline over 1 year | -29.34% | -29.30% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -29.35% | -42.85% | +13.50% |
Max Drawdown (5Y)Largest decline over 5 years | -46.67% | -77.32% | +30.65% |
Max Drawdown (10Y)Largest decline over 10 years | -73.90% | -90.37% | +16.47% |
Current DrawdownCurrent decline from peak | -29.34% | -55.87% | +26.53% |
Average DrawdownAverage peak-to-trough decline | -25.20% | -28.60% | +3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 14.65% | -9.68% |
Volatility
NHYDY vs. CCL - Volatility Comparison
The current volatility for Norsk Hydro ASA ADR (NHYDY) is 14.35%, while Carnival Corporation & Plc (CCL) has a volatility of 15.68%. This indicates that NHYDY experiences smaller price fluctuations and is considered to be less risky than CCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NHYDY | CCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.35% | 15.68% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 29.64% | 38.21% | -8.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.97% | 47.68% | -13.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.45% | 55.67% | -16.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.46% | 57.67% | -18.21% |
Dividends
NHYDY vs. CCL - Dividend Comparison
NHYDY's dividend yield for the trailing twelve months is around 3.45%, more than CCL's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCL Carnival Corporation & Plc | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.31% | 3.93% | 3.96% | 2.41% | 2.59% | 2.02% |
NHYDY Norsk Hydro ASA ADR | 3.45% | 2.65% | 4.30% | 8.10% | 9.59% | 1.86% | 5.44% | 3.92% | 4.96% | 1.91% | 2.60% | 0.00% |
Financials
NHYDY vs. CCL - Financials Comparison
This section allows you to compare key financial metrics between Norsk Hydro ASA ADR and Carnival Corporation & Plc. 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
NHYDY vs. CCL - Profitability Comparison
NHYDY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Norsk Hydro ASA ADR reported a gross profit of 16.09B and revenue of 50.39B. Therefore, the gross margin over that period was 31.9%.
CCL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Carnival Corporation & Plc reported a gross profit of 2.23B and revenue of 6.17B. Therefore, the gross margin over that period was 36.1%.
NHYDY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Norsk Hydro ASA ADR reported an operating income of 9.11B and revenue of 50.39B, resulting in an operating margin of 18.1%.
CCL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Carnival Corporation & Plc reported an operating income of 607.00M and revenue of 6.17B, resulting in an operating margin of 9.9%.
NHYDY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Norsk Hydro ASA ADR reported a net income of 4.24B and revenue of 50.39B, resulting in a net margin of 8.4%.
CCL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Carnival Corporation & Plc reported a net income of 258.00M and revenue of 6.17B, resulting in a net margin of 4.2%.
Frequently Asked Questions
NHYDY and CCL have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCL has higher volatility (15.68%) compared to NHYDY (14.35%). In terms of maximum drawdown, NHYDY dropped -73.90% vs CCL's -90.37%.
NHYDY currently has the higher Sharpe Ratio (2.13 vs 0.29), 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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