RCL vs. FSMD
RCL (Royal Caribbean Cruises Ltd.) is a stock, while FSMD (Fidelity Small-Mid Multifactor ETF) is Small Cap Blend Equities fund tracking the Fidelity Small-Mid Multifactor Index. Over the past 5 years, RCL returned 30.12%/yr vs 10.07%/yr for FSMD. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
RCL vs. FSMD - 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 FSMD's 15.30% 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%
FSMD
- 1D
- -0.47%
- 1M
- -2.04%
- 6M
- 9.94%
- YTD
- 15.30%
- 1Y
- 22.01%
- 3Y*
- 15.26%
- 5Y*
- 10.07%
- 10Y*
- —
- ALL TIME*
- 11.63%
RCL vs. FSMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RCL Royal Caribbean Cruises Ltd. | 3.68% | 22.46% | 78.98% | 161.97% | -35.72% | 2.96% | -43.50% | 15.52% |
FSMD Fidelity Small-Mid Multifactor ETF | 15.30% | 8.70% | 15.18% | 17.37% | -11.15% | 26.40% | 8.94% | 8.81% |
Correlation
The correlation between RCL and FSMD is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019 | 0.56 |
The correlation between RCL and FSMD has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.
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Return for Risk
RCL vs. FSMD — Risk / Return Rank
RCL
FSMD
RCL vs. FSMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Caribbean Cruises Ltd. (RCL) and Fidelity Small-Mid Multifactor ETF (FSMD). 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 | FSMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.25 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.62 | -3.14 |
| Martin ratioReturn relative to average drawdown | -0.85 | 9.08 | -9.93 |
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Drawdowns
RCL vs. FSMD - Drawdown Comparison
The maximum RCL drawdown since its inception was -89.49%, which is greater than FSMD's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for RCL and FSMD.
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Drawdown Indicators
| RCL | FSMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -40.67% | -48.82% |
Max Drawdown (1Y)Largest decline over 1 year | -32.36% | -8.44% | -23.92% |
Max Drawdown (3Y)Largest decline over 3 years | -35.02% | -22.16% | -12.86% |
Max Drawdown (5Y)Largest decline over 5 years | -67.64% | -22.16% | -45.48% |
Max Drawdown (10Y)Largest decline over 10 years | -83.30% | — | — |
Current DrawdownCurrent decline from peak | -20.44% | -4.41% | -16.03% |
Average DrawdownAverage peak-to-trough decline | -27.73% | -5.93% | -21.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.85% | 2.43% | +17.42% |
Volatility
RCL vs. FSMD - Volatility Comparison
Royal Caribbean Cruises Ltd. (RCL) has a higher volatility of 10.01% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 4.36%. This indicates that RCL's price experiences larger fluctuations and is considered to be riskier than FSMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCL | FSMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.01% | 4.36% | +5.65% |
Volatility (6M)Calculated over the trailing 6-month period | 37.58% | 12.30% | +25.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.08% | 15.77% | +31.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.39% | 18.53% | +29.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.32% | 21.35% | +31.97% |
Dividends
RCL vs. FSMD - Dividend Comparison
RCL's dividend yield for the trailing twelve months is around 1.75%, more than FSMD's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMD Fidelity Small-Mid Multifactor ETF | 1.26% | 1.33% | 1.29% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 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
RCL and FSMD have a correlation of 0.53, 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 FSMD (4.36%). In terms of maximum drawdown, RCL dropped -89.49% vs FSMD's -40.67%.
FSMD currently has the higher Sharpe Ratio (1.41 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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