RCL vs. SPOT
RCL (Royal Caribbean Cruises Ltd.) and SPOT (Spotify Technology S.A.) are both stocks. RCL operates in Travel Services (Consumer Cyclical), while SPOT operates in Internet Content & Information (Communication Services). Over the past 5 years, RCL returned 24.69%/yr vs 16.18%/yr for SPOT. At a 0.27 correlation, their price movements are largely independent.
Performance
RCL vs. SPOT - Performance Comparison
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Returns By Period
In the year-to-date period, RCL achieves a -1.45% return, which is significantly higher than SPOT's -13.36% return.
RCL
- 1D
- -2.86%
- 1M
- -0.66%
- YTD
- -1.45%
- 6M
- 9.27%
- 1Y
- 0.11%
- 3Y*
- 45.28%
- 5Y*
- 24.69%
- 10Y*
- 15.25%
SPOT
- 1D
- 1.24%
- 1M
- 20.42%
- YTD
- -13.36%
- 6M
- -12.09%
- 1Y
- -29.36%
- 3Y*
- 49.53%
- 5Y*
- 16.18%
- 10Y*
- —
RCL vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RCL Royal Caribbean Cruises Ltd. | -1.45% | 22.46% | 78.98% | 161.97% | -35.72% | 2.96% | -43.50% | 39.94% | -13.93% |
SPOT Spotify Technology S.A. | -13.36% | 29.80% | 138.08% | 138.01% | -66.27% | -25.62% | 110.40% | 31.76% | -23.83% |
Correlation
The correlation between RCL and SPOT is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2018 | 0.27 |
Over the past year, the correlation between RCL and SPOT has dropped to 0.03 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
Fundamentals
RCL:
$73.71B
SPOT:
$105.30B
RCL:
$16.41
SPOT:
$12.94
RCL:
16.58
SPOT:
38.89
RCL:
0.76
SPOT:
0.43
RCL:
4.04
SPOT:
6.01
RCL:
7.51
SPOT:
13.13
RCL:
$18.39B
SPOT:
$17.60B
RCL:
$8.68B
SPOT:
$5.68B
RCL:
$7.13B
SPOT:
$2.75B
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Return for Risk
RCL vs. SPOT — Risk / Return Rank
RCL
SPOT
RCL vs. SPOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Caribbean Cruises Ltd. (RCL) and Spotify Technology S.A. (SPOT). 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.
| RCL | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.90 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | -0.63 | +0.63 |
| Martin ratioReturn relative to average drawdown | 0.01 | -1.10 | +1.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RCL | SPOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.00 | -0.65 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.34 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.34 | -0.08 |
Drawdowns
RCL vs. SPOT - Drawdown Comparison
The maximum RCL drawdown since its inception was -89.49%, which is greater than SPOT's maximum drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for RCL and SPOT.
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Drawdown Indicators
| RCL | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -80.51% | -8.98% |
Max Drawdown (1Y)Largest decline over 1 year | -32.36% | -46.80% | +14.44% |
Max Drawdown (3Y)Largest decline over 3 years | -35.02% | -46.80% | +11.78% |
Max Drawdown (5Y)Largest decline over 5 years | -67.64% | -76.39% | +8.75% |
Max Drawdown (10Y)Largest decline over 10 years | -83.30% | — | — |
Current DrawdownCurrent decline from peak | -24.38% | -35.16% | +10.78% |
Average DrawdownAverage peak-to-trough decline | -27.77% | -30.81% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.98% | 26.76% | -7.78% |
Volatility
RCL vs. SPOT - Volatility Comparison
The current volatility for Royal Caribbean Cruises Ltd. (RCL) is 12.07%, while Spotify Technology S.A. (SPOT) has a volatility of 15.97%. This indicates that RCL experiences smaller price fluctuations and is considered to be less risky than SPOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCL | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 15.97% | -3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 37.21% | 37.40% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.63% | 45.30% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.38% | 47.60% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.29% | 47.26% | +6.03% |
Dividends
RCL vs. SPOT - Dividend Comparison
RCL's dividend yield for the trailing twelve months is around 1.84%, while SPOT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCL Royal Caribbean Cruises Ltd. | 1.84% | 1.25% | 0.41% | 0.00% | 0.00% | 0.00% | 1.04% | 2.22% | 2.66% | 1.81% | 2.08% | 1.33% |
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
RCL vs. SPOT - Financials Comparison
This section allows you to compare key financial metrics between Royal Caribbean Cruises Ltd. and Spotify Technology S.A.. 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
RCL vs. SPOT - Profitability Comparison
RCL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Royal Caribbean Cruises Ltd. reported a gross profit of 2.21B and revenue of 4.45B. Therefore, the gross margin over that period was 49.5%.
SPOT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported a gross profit of 1.51B and revenue of 4.61B. Therefore, the gross margin over that period was 32.9%.
RCL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Royal Caribbean Cruises Ltd. reported an operating income of 1.16B and revenue of 4.45B, resulting in an operating margin of 26.1%.
SPOT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported an operating income of 726.76M and revenue of 4.61B, resulting in an operating margin of 15.8%.
RCL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Royal Caribbean Cruises Ltd. reported a net income of 941.00M and revenue of 4.45B, resulting in a net margin of 21.1%.
SPOT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported a net income of 732.86M and revenue of 4.61B, resulting in a net margin of 15.9%.
Frequently Asked Questions
RCL and SPOT have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (15.97%) compared to RCL (12.07%). In terms of maximum drawdown, RCL dropped -89.49% vs SPOT's -80.51%.
RCL currently has the higher Sharpe Ratio (0.00 vs -0.65), 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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