SHIP vs. NIXT
SHIP (Seanergy Maritime Holdings Corp.) is a stock, while NIXT (Research Affiliates Deletions ETF) is Mid Cap Value Equities fund tracking the Research Affiliates Deletions Index. Over the past year, SHIP returned 150.72% vs 31.07% for NIXT. At a 0.26 correlation, their price movements are largely independent.
Performance
SHIP vs. NIXT - Performance Comparison
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Returns By Period
In the year-to-date period, SHIP achieves a 69.69% return, which is significantly higher than NIXT's 17.85% return.
SHIP
- 1D
- -0.26%
- 1M
- -7.22%
- YTD
- 69.69%
- 6M
- 52.26%
- 1Y
- 150.72%
- 3Y*
- 60.51%
- 5Y*
- 15.33%
- 10Y*
- -42.13%
NIXT
- 1D
- 0.30%
- 1M
- 0.86%
- YTD
- 17.85%
- 6M
- 17.13%
- 1Y
- 31.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHIP vs. NIXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SHIP Seanergy Maritime Holdings Corp. | 69.69% | 38.48% | -26.91% |
NIXT Research Affiliates Deletions ETF | 17.85% | 4.94% | 4.89% |
Correlation
The correlation between SHIP and NIXT is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024 | 0.26 |
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Return for Risk
SHIP vs. NIXT — Risk / Return Rank
SHIP
NIXT
SHIP vs. NIXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Seanergy Maritime Holdings Corp. (SHIP) and Research Affiliates Deletions ETF (NIXT). 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.
| SHIP | NIXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.25 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 8.17 | 2.66 | +5.51 |
| Martin ratioReturn relative to average drawdown | 20.14 | 8.96 | +11.18 |
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
| SHIP | NIXT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.57 | 1.47 | +2.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.70 | -0.79 |
Drawdowns
SHIP vs. NIXT - Drawdown Comparison
The maximum SHIP drawdown since its inception was -100.00%, which is greater than NIXT's maximum drawdown of -27.75%. Use the drawdown chart below to compare losses from any high point for SHIP and NIXT.
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Drawdown Indicators
| SHIP | NIXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -27.75% | -72.25% |
Max Drawdown (1Y)Largest decline over 1 year | -18.56% | -11.71% | -6.85% |
Max Drawdown (3Y)Largest decline over 3 years | -57.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -69.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.98% | — | — |
Current DrawdownCurrent decline from peak | -99.98% | -2.73% | -97.25% |
Average DrawdownAverage peak-to-trough decline | -86.57% | -5.94% | -80.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.51% | 3.48% | +4.03% |
Volatility
SHIP vs. NIXT - Volatility Comparison
Seanergy Maritime Holdings Corp. (SHIP) has a higher volatility of 15.48% compared to Research Affiliates Deletions ETF (NIXT) at 5.00%. This indicates that SHIP's price experiences larger fluctuations and is considered to be riskier than NIXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHIP | NIXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.48% | 5.00% | +10.48% |
Volatility (6M)Calculated over the trailing 6-month period | 33.66% | 14.17% | +19.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.56% | 21.26% | +21.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.08% | 23.28% | +28.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.57% | 23.28% | +75.29% |
Dividends
SHIP vs. NIXT - Dividend Comparison
SHIP's dividend yield for the trailing twelve months is around 2.79%, more than NIXT's 1.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
NIXT Research Affiliates Deletions ETF | 1.35% | 1.64% | 1.39% | 0.00% | 0.00% |
SHIP Seanergy Maritime Holdings Corp. | 2.79% | 3.58% | 10.58% | 1.28% | 25.23% |
Frequently Asked Questions
SHIP and NIXT have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHIP has higher volatility (15.48%) compared to NIXT (5.00%). In terms of maximum drawdown, SHIP dropped -100.00% vs NIXT's -27.75%.
SHIP currently has the higher Sharpe Ratio (3.57 vs 1.47), 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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