RCL vs. JAAA
RCL (Royal Caribbean Cruises Ltd.) is a stock, while JAAA (Janus Henderson AAA CLO ETF) is CLO fund actively managed by Janus Henderson. Over the past 5 years, RCL returned 33.09%/yr vs 4.83%/yr for JAAA. At a 0.12 correlation, their price movements are largely independent.
Performance
RCL vs. JAAA - Performance Comparison
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Returns By Period
In the year-to-date period, RCL achieves a 6.50% return, which is significantly higher than JAAA's 2.33% return.
RCL
- 1D
- 0.61%
- 1M
- -6.04%
- 6M
- 6.81%
- YTD
- 6.50%
- 1Y
- -11.87%
- 3Y*
- 45.19%
- 5Y*
- 33.09%
- 10Y*
- 16.62%
JAAA
- 1D
- 0.04%
- 1M
- 0.32%
- 6M
- 2.13%
- YTD
- 2.33%
- 1Y
- 4.93%
- 3Y*
- 6.44%
- 5Y*
- 4.83%
- 10Y*
- —
RCL vs. JAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RCL Royal Caribbean Cruises Ltd. | 6.50% | 22.46% | 78.98% | 161.97% | -35.72% | 2.96% | 26.96% |
JAAA Janus Henderson AAA CLO ETF | 2.33% | 5.16% | 7.43% | 8.59% | 0.49% | 1.39% | 0.76% |
Correlation
The correlation between RCL and JAAA is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2020 | 0.12 |
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Return for Risk
RCL vs. JAAA — Risk / Return Rank
RCL
JAAA
RCL vs. JAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Caribbean Cruises Ltd. (RCL) and Janus Henderson AAA CLO ETF (JAAA). 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 | JAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.42 | ||
| Sortino ratioReturn per unit of downside risk | -10.25 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 2.80 | -1.81 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 12.74 | -13.11 |
| Martin ratioReturn relative to average drawdown | -0.60 | 69.13 | -69.73 |
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Drawdowns
RCL vs. JAAA - Drawdown Comparison
The maximum RCL drawdown since its inception was -89.49%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for RCL and JAAA.
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Drawdown Indicators
| RCL | JAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -2.64% | -86.85% |
Max Drawdown (1Y)Largest decline over 1 year | -32.36% | -0.39% | -31.97% |
Max Drawdown (3Y)Largest decline over 3 years | -35.02% | -1.46% | -33.56% |
Max Drawdown (5Y)Largest decline over 5 years | -67.64% | -2.64% | -65.00% |
Max Drawdown (10Y)Largest decline over 10 years | -83.30% | — | — |
Current DrawdownCurrent decline from peak | -18.28% | -0.00% | -18.28% |
Average DrawdownAverage peak-to-trough decline | -27.73% | -0.25% | -27.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.76% | 0.07% | +19.69% |
Volatility
RCL vs. JAAA - Volatility Comparison
Royal Caribbean Cruises Ltd. (RCL) has a higher volatility of 10.38% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.16%. This indicates that RCL's price experiences larger fluctuations and is considered to be riskier than JAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCL | JAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.38% | 0.16% | +10.22% |
Volatility (6M)Calculated over the trailing 6-month period | 37.76% | 0.63% | +37.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.02% | 0.80% | +46.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.53% | 1.66% | +46.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.30% | 1.63% | +51.67% |
Dividends
RCL vs. JAAA - Dividend Comparison
RCL's dividend yield for the trailing twelve months is around 1.70%, less than JAAA's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAAA Janus Henderson AAA CLO ETF | 4.95% | 5.30% | 6.35% | 6.11% | 2.74% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RCL Royal Caribbean Cruises Ltd. | 1.70% | 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 JAAA have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCL has higher volatility (10.38%) compared to JAAA (0.16%). In terms of maximum drawdown, RCL dropped -89.49% vs JAAA's -2.64%.
JAAA currently has the higher Sharpe Ratio (6.17 vs -0.25), 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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