VIK vs. RCL

Last updated Apr 1, 2026

Compare and contrast key facts about Viking Holdings Ltd (VIK) and Royal Caribbean Cruises Ltd. (RCL).

Performance

VIK vs. RCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Viking Holdings Ltd (VIK) and Royal Caribbean Cruises Ltd. (RCL). The values are adjusted to include any dividend payments, if applicable.

VIK vs. RCL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VIK Viking Holdings Ltd	2.90%	62.07%	68.81%
RCL Royal Caribbean Cruises Ltd.	-0.82%	22.46%	68.53%

Fundamentals

Market Cap VIK : $32.85B RCL : $75.12B
EPS VIK : $2.58 RCL : $15.59
PE Ratio VIK : 28.52 RCL : 17.65
PEG Ratio VIK : 0.10 RCL : 0.81
PS Ratio VIK : 5.03 RCL : 4.20
PB Ratio VIK : 29.30 RCL : 7.48
Total Revenue (TTM) VIK : $6.50B RCL : $17.94B
Gross Profit (TTM) VIK : $2.53B RCL : $8.40B
EBITDA (TTM) VIK : $1.79B RCL : $6.90B

Returns By Period

In the year-to-date period, VIK achieves a 2.90% return, which is significantly higher than RCL's -0.82% return.

VIK

• 1D: 7.35%
• 1M: -5.82%
• YTD: 2.90%
• 6M: 18.21%
• 1Y: 84.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RCL

• 1D: 5.28%
• 1M: -11.03%
• YTD: -0.82%
• 6M: -14.21%
• 1Y: 35.92%
• 3Y*: 62.75%
• 5Y*: 26.57%
• 10Y*: 14.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

VIK vs. RCL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VIK

VIK Risk / Return Rank: 91
VIK Sharpe Ratio Rank: 91
VIK Sortino Ratio Rank: 89
VIK Omega Ratio Rank: 87
VIK Calmar Ratio Rank: 93
VIK Martin Ratio Rank: 94

RCL

RCL Risk / Return Rank: 65
RCL Sharpe Ratio Rank: 68
RCL Sortino Ratio Rank: 66
RCL Omega Ratio Rank: 64
RCL Calmar Ratio Rank: 65
RCL Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VIK vs. RCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Viking Holdings Ltd (VIK) 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.

	VIK	RCL	Difference
Sharpe ratio Return per unit of total volatility	2.04	0.74	+1.30
Sortino ratio Return per unit of downside risk	2.71	1.40	+1.32
Omega ratio Gain probability vs. loss probability	1.36	1.18	+0.18
Calmar ratio Return relative to maximum drawdown	4.65	1.07	+3.58
Martin ratio Return relative to average drawdown	15.01	2.19	+12.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIK vs. RCL - Sharpe Ratio Comparison

The current VIK Sharpe Ratio is 2.04, which is higher than the RCL Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of VIK and RCL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VIK	RCL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	0.74	+1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.81	0.26	+1.55

Correlation

The correlation between VIK and RCL is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VIK vs. RCL - Dividend Comparison

VIK has not paid dividends to shareholders, while RCL's dividend yield for the trailing twelve months is around 1.54%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIK Viking Holdings Ltd	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RCL Royal Caribbean Cruises Ltd.	1.54%	1.25%	0.41%	0.00%	0.00%	0.00%	1.04%	2.22%	2.66%	1.81%	2.08%	1.33%

Drawdowns

VIK vs. RCL - Drawdown Comparison

The maximum VIK drawdown since its inception was -35.39%, smaller than the maximum RCL drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for VIK and RCL.

Drawdown Indicators

	VIK	RCL	Difference
Max Drawdown Largest peak-to-trough decline	-35.39%	-89.49%	+54.10%
Max Drawdown (1Y) Largest decline over 1 year	-18.66%	-32.36%	+13.70%
Max Drawdown (5Y) Largest decline over 5 years	—	-67.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-83.30%	—
Current Drawdown Current decline from peak	-7.82%	-23.89%	+16.07%
Average Drawdown Average peak-to-trough decline	-6.34%	-27.79%	+21.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.78%	15.76%	-9.98%

Volatility

VIK vs. RCL - Volatility Comparison

Viking Holdings Ltd (VIK) has a higher volatility of 17.75% compared to Royal Caribbean Cruises Ltd. (RCL) at 15.36%. This indicates that VIK's price experiences larger fluctuations and is considered to be riskier than RCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIK	RCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.75%	15.36%	+2.39%
Volatility (6M) Calculated over the trailing 6-month period	28.51%	36.10%	-7.59%
Volatility (1Y) Calculated over the trailing 1-year period	41.75%	48.47%	-6.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.10%	48.11%	-8.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.10%	53.05%	-12.95%

Financials

VIK vs. RCL - Profitability Comparison

The chart below illustrates the profitability comparison between Viking Holdings Ltd and Royal Caribbean Cruises Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

VIK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Viking Holdings Ltd reported a gross profit of 632.60M and revenue of 1.72B. Therefore, the gross margin over that period was 36.7%.

RCL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Royal Caribbean Cruises Ltd. reported a gross profit of 1.56B and revenue of 4.26B. Therefore, the gross margin over that period was 36.7%.

VIK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Viking Holdings Ltd reported an operating income of 360.56M and revenue of 1.72B, resulting in an operating margin of 20.9%.

RCL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Royal Caribbean Cruises Ltd. reported an operating income of 933.00M and revenue of 4.26B, resulting in an operating margin of 21.9%.

VIK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Viking Holdings Ltd reported a net income of 299.91M and revenue of 1.72B, resulting in a net margin of 17.4%.

RCL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Royal Caribbean Cruises Ltd. reported a net income of 754.00M and revenue of 4.26B, resulting in a net margin of 17.7%.