RCL vs. EMXC
RCL (Royal Caribbean Cruises Ltd.) is a stock, while EMXC (iShares MSCI Emerging Markets ex China ETF) is Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index. Over the past 5 years, RCL returned 30.12%/yr vs 11.14%/yr for EMXC. At a 0.41 correlation, their price movements are largely independent.
Performance
RCL vs. EMXC - Performance Comparison
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Returns By Period
In the year-to-date period, RCL achieves a 3.68% return, which is significantly lower than EMXC's 26.88% return.
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%
EMXC
- 1D
- -0.12%
- 1M
- -13.31%
- 6M
- 19.25%
- YTD
- 26.88%
- 1Y
- 47.52%
- 3Y*
- 22.87%
- 5Y*
- 11.14%
- 10Y*
- —
- ALL TIME*
- 9.32%
RCL vs. EMXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RCL Royal Caribbean Cruises Ltd. | 3.68% | 22.46% | 78.98% | 161.97% | -35.72% | 2.96% | -43.50% | 39.94% | -16.13% | 4.83% |
EMXC iShares MSCI Emerging Markets ex China ETF | 26.88% | 35.14% | 2.68% | 18.96% | -19.56% | 8.54% | 12.76% | 15.80% | -12.96% | 7.16% |
Correlation
The correlation between RCL and EMXC is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2017 | 0.41 |
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Return for Risk
RCL vs. EMXC — Risk / Return Rank
RCL
EMXC
RCL vs. EMXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Caribbean Cruises Ltd. (RCL) and iShares MSCI Emerging Markets ex China ETF (EMXC). 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.
| RCL | EMXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.34 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 3.31 | -3.84 |
| Martin ratioReturn relative to average drawdown | -0.85 | 10.67 | -11.52 |
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Drawdowns
RCL vs. EMXC - Drawdown Comparison
The maximum RCL drawdown since its inception was -89.49%, which is greater than EMXC's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for RCL and EMXC.
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Drawdown Indicators
| RCL | EMXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -42.81% | -46.68% |
Max Drawdown (1Y)Largest decline over 1 year | -32.36% | -14.41% | -17.95% |
Max Drawdown (3Y)Largest decline over 3 years | -35.02% | -19.12% | -15.90% |
Max Drawdown (5Y)Largest decline over 5 years | -67.64% | -28.91% | -38.73% |
Max Drawdown (10Y)Largest decline over 10 years | -83.30% | — | — |
Current DrawdownCurrent decline from peak | -20.44% | -13.92% | -6.52% |
Average DrawdownAverage peak-to-trough decline | -27.73% | -10.14% | -17.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.85% | 4.47% | +15.38% |
Volatility
RCL vs. EMXC - Volatility Comparison
The current volatility for Royal Caribbean Cruises Ltd. (RCL) is 10.01%, while iShares MSCI Emerging Markets ex China ETF (EMXC) has a volatility of 11.80%. This indicates that RCL experiences smaller price fluctuations and is considered to be less risky than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCL | EMXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.01% | 11.80% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 37.58% | 24.94% | +12.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.08% | 26.64% | +20.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.39% | 18.75% | +29.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.32% | 20.38% | +32.94% |
Dividends
RCL vs. EMXC - Dividend Comparison
RCL's dividend yield for the trailing twelve months is around 1.75%, less than EMXC's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 2.10% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% | 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
RCL and EMXC have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMXC has higher volatility (11.80%) compared to RCL (10.01%). In terms of maximum drawdown, RCL dropped -89.49% vs EMXC's -42.81%.
EMXC currently has the higher Sharpe Ratio (1.80 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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