NIXT vs. RCL
NIXT (Research Affiliates Deletions ETF) is Mid Cap Value Equities fund tracking the Research Affiliates Deletions Index, while RCL (Royal Caribbean Cruises Ltd.) is a stock. Over the past year, NIXT returned 32.03% vs -16.87% for RCL. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
NIXT vs. RCL - Performance Comparison
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Returns By Period
In the year-to-date period, NIXT achieves a 25.89% return, which is significantly higher than RCL's 3.68% return.
NIXT
- 1D
- -0.76%
- 1M
- 6.45%
- 6M
- 20.40%
- YTD
- 25.89%
- 1Y
- 32.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.03%
RCL
- 1D
- -0.28%
- 1M
- -8.43%
- 6M
- 4.77%
- YTD
- 3.68%
- 1Y
- -16.87%
- 3Y*
- 42.18%
- 5Y*
- 30.12%
- 10Y*
- 15.99%
- ALL TIME*
- 12.50%
NIXT vs. RCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NIXT Research Affiliates Deletions ETF | 25.89% | 4.94% | 4.60% |
RCL Royal Caribbean Cruises Ltd. | 3.68% | 22.46% | 44.62% |
Correlation
The correlation between NIXT and RCL is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024 | 0.53 |
The correlation between NIXT and RCL has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.
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Return for Risk
NIXT vs. RCL — Risk / Return Rank
NIXT
RCL
NIXT vs. RCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Research Affiliates Deletions ETF (NIXT) and Royal Caribbean Cruises Ltd. (RCL). 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.
| NIXT | RCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.97 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | -0.52 | +3.27 |
| Martin ratioReturn relative to average drawdown | 9.32 | -0.85 | +10.17 |
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Drawdowns
NIXT vs. RCL - Drawdown Comparison
The maximum NIXT drawdown since its inception was -27.75%, smaller than the maximum RCL drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for NIXT and RCL.
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Drawdown Indicators
| NIXT | RCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.75% | -89.49% | +61.74% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -32.36% | +20.65% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.02% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.30% | — |
Current DrawdownCurrent decline from peak | -1.29% | -20.44% | +19.15% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -27.73% | +22.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 19.85% | -16.40% |
Volatility
NIXT vs. RCL - Volatility Comparison
The current volatility for Research Affiliates Deletions ETF (NIXT) is 5.19%, while Royal Caribbean Cruises Ltd. (RCL) has a volatility of 10.01%. This indicates that NIXT experiences smaller price fluctuations and is considered to be less risky than RCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NIXT | RCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 10.01% | -4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 37.58% | -22.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 47.08% | -25.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.02% | 48.39% | -25.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 53.32% | -30.30% |
Dividends
NIXT vs. RCL - Dividend Comparison
NIXT's dividend yield for the trailing twelve months is around 1.30%, less than RCL's 1.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NIXT Research Affiliates Deletions ETF | 1.30% | 1.64% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RCL Royal Caribbean Cruises Ltd. | 1.75% | 1.25% | 0.41% | 0.00% | 0.00% | 0.00% | 1.04% | 2.22% | 2.66% | 1.81% | 2.08% | 1.33% |
Frequently Asked Questions
NIXT and RCL have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCL has higher volatility (10.01%) compared to NIXT (5.19%). In terms of maximum drawdown, NIXT dropped -27.75% vs RCL's -89.49%.
NIXT currently has the higher Sharpe Ratio (1.53 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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