REG vs. RCL
REG (Regency Centers Corporation) and RCL (Royal Caribbean Cruises Ltd.) are both stocks. REG operates in REIT - Retail (Real Estate), while RCL operates in Travel Services (Consumer Cyclical). Over the past 10 years, REG returned 4.12%/yr vs 16.48%/yr for RCL. At a 0.31 correlation, their price movements are largely independent.
Performance
REG vs. RCL - Performance Comparison
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Returns By Period
In the year-to-date period, REG achieves a 18.54% return, which is significantly higher than RCL's 6.66% return. Over the past 10 years, REG has underperformed RCL with an annualized return of 4.12%, while RCL has yielded a comparatively higher 16.48% annualized return.
REG
- 1D
- 0.43%
- 1M
- 6.55%
- YTD
- 18.54%
- 6M
- 22.12%
- 1Y
- 18.96%
- 3Y*
- 14.45%
- 5Y*
- 7.74%
- 10Y*
- 4.12%
RCL
- 1D
- 2.23%
- 1M
- 13.68%
- YTD
- 6.66%
- 6M
- 7.04%
- 1Y
- 16.02%
- 3Y*
- 46.74%
- 5Y*
- 27.43%
- 10Y*
- 16.48%
REG vs. RCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REG Regency Centers Corporation | 18.54% | -2.78% | 14.90% | 11.85% | -13.59% | 71.41% | -23.86% | 11.43% | -12.00% | 3.62% |
RCL Royal Caribbean Cruises Ltd. | 6.66% | 22.46% | 78.98% | 161.97% | -35.72% | 2.96% | -43.50% | 39.94% | -16.13% | 48.22% |
Correlation
The correlation between REG and RCL is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 1993 | 0.31 |
The correlation between REG and RCL shifts across timeframes, from 0.20 (3 years) to 0.34 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
REG:
$14.72B
RCL:
$79.78B
REG:
$3.55
RCL:
$16.41
REG:
22.61
RCL:
17.94
REG:
2.21
RCL:
0.82
REG:
8.62
RCL:
4.37
REG:
2.21
RCL:
8.13
REG:
$1.70B
RCL:
$18.39B
REG:
$814.76M
RCL:
$8.68B
REG:
$1.12B
RCL:
$7.13B
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Return for Risk
REG vs. RCL — Risk / Return Rank
REG
RCL
REG vs. RCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Regency Centers Corporation (REG) 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.
| REG | RCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.09 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 0.39 | +1.77 |
| Martin ratioReturn relative to average drawdown | 5.27 | 0.66 | +4.61 |
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Drawdowns
REG vs. RCL - Drawdown Comparison
The maximum REG drawdown since its inception was -73.37%, smaller than the maximum RCL drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for REG and RCL.
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Drawdown Indicators
| REG | RCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.37% | -89.49% | +16.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.17% | -32.36% | +24.19% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -35.02% | +19.92% |
Max Drawdown (5Y)Largest decline over 5 years | -30.09% | -67.64% | +37.55% |
Max Drawdown (10Y)Largest decline over 10 years | -57.02% | -83.30% | +26.28% |
Current DrawdownCurrent decline from peak | -0.10% | -18.16% | +18.06% |
Average DrawdownAverage peak-to-trough decline | -16.17% | -27.76% | +11.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 19.15% | -15.80% |
Volatility
REG vs. RCL - Volatility Comparison
The current volatility for Regency Centers Corporation (REG) is 4.45%, while Royal Caribbean Cruises Ltd. (RCL) has a volatility of 14.15%. This indicates that REG 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
| REG | RCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 14.15% | -9.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.10% | 38.00% | -26.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 46.50% | -30.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.39% | 48.52% | -26.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.88% | 53.35% | -23.47% |
Dividends
REG vs. RCL - Dividend Comparison
REG's dividend yield for the trailing twelve months is around 3.70%, more than RCL's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
REG Regency Centers Corporation | 3.70% | 4.16% | 3.67% | 3.91% | 4.04% | 3.20% | 5.22% | 3.71% | 3.78% | 3.04% | 2.90% | 2.85% |
Financials
REG vs. RCL - Financials Comparison
This section allows you to compare key financial metrics between Regency Centers Corporation and Royal Caribbean Cruises Ltd.. 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
REG vs. RCL - Profitability Comparison
REG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Regency Centers Corporation reported a gross profit of 76.40M and revenue of 413.42M. Therefore, the gross margin over that period was 18.5%.
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%.
REG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Regency Centers Corporation reported an operating income of 152.73M and revenue of 413.42M, resulting in an operating margin of 36.9%.
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%.
REG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Regency Centers Corporation reported a net income of 128.55M and revenue of 413.42M, resulting in a net margin of 31.1%.
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%.
Frequently Asked Questions
REG and RCL have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCL has higher volatility (14.15%) compared to REG (4.45%). In terms of maximum drawdown, REG dropped -73.37% vs RCL's -89.49%.
REG currently has the higher Sharpe Ratio (1.11 vs 0.27), 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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