NCLH vs SPY

Comparison between Norwegian Cruise Line Holdings Ltd (NCLH, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed NCLH, delivering a return of +13.7% compared to -11.5%

NCLH vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NCLH(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$7.37B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	87.81%	56.47%
Sharpe Ratio	-0.24	1.76
5Y Beta	1.84	1.00
Industry	Travel Services	N/A
P/E Ratio	12.87	28.46
Forward P/E	9.23	21.99
PEG Ratio	0.78	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	25.20%
Debt to Equity	0.00%	33.33%
Free Cash Flow Yield	-12.87%	N/A
P/S Ratio	0.73	3.65
P/B Ratio	3.23	5.50

Market Cap / Net Assets

NCLH

$7.37B

Winner

SPY

$735B

Expense Ratio

NCLH

N/A

SPY

0.09%

Max Drawdown

NCLH

87.81%

Winner

SPY

56.47%

Sharpe Ratio

NCLH

-0.24

Winner

SPY

1.76

5Y Beta

NCLH

1.84

Winner

SPY

1.00

Industry

NCLH

Travel Services

SPY

N/A

P/E Ratio

Winner

NCLH

12.87

SPY

28.46

Forward P/E

Winner

NCLH

9.23

SPY

21.99

PEG Ratio

NCLH

0.78

SPY

N/A

5Y Dividends CAGR

NCLH

N/A

SPY

5.43%

5Y EPS CAGR

NCLH

N/A

SPY

25.20%

Debt to Equity

Winner

NCLH

0.00%

SPY

33.33%

Free Cash Flow Yield

NCLH

-12.87%

SPY

N/A

P/S Ratio

Winner

NCLH

0.73

SPY

3.65

P/B Ratio

Winner

NCLH

3.23

SPY

5.50

NCLH vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	NCLH	SPY
1 month	-26.52%	+5.60%
3 months	-27.78%	+8.72%
6 months	-15.14%	+10.63%
1 year	-18.70%	+26.62%
5 years(CAGR)	-11.49%	+13.70%
10 years(CAGR)	-10.56%	+15.47%
Max(CAGR)	-3.45%	+8.50%

NCLH

-26.52%

Winner

SPY

+5.60%

NCLH

-27.78%

Winner

SPY

+8.72%

NCLH

-15.14%

Winner

SPY

+10.63%

NCLH

-18.70%

Winner

SPY

+26.62%

5Y(CAGR)

NCLH

-11.49%

Winner

SPY

+13.70%

10Y(CAGR)

NCLH

-10.56%

Winner

SPY

+15.47%

Max(CAGR)

NCLH

-3.45%

Winner

SPY

+8.50%

NCLH vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NCLH	SPY
2026	-31.87%	+8.50%
2025	-13.89%	+18.00%
2024	+40.45%	+25.59%
2023	+68.97%	+26.72%
2022	-44.82%	-18.64%
2021	-12.60%	+30.52%
2020	-56.77%	+17.28%
2019	+37.82%	+31.09%
2018	-22.87%	-5.24%
2017	+24.44%	+20.78%
2016	-26.66%	+13.59%
2015	+25.48%	+1.31%
2014	+34.99%	+14.56%
2013	+43.08%	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

NCLH vs SPY Drawdown Comparison

The maximum drawdown for NCLH was -87.81%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current NCLH drawdown is -75.66%. The current SPY drawdown is -1.20%.

Rank	NCLH	SPY
#1	-87.81% Nov 2, 2015 - Mar 18, 2020	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-19.67% Jan 16, 2014 - Sep 2, 2014	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-16.00% Sep 2, 2014 - Oct 30, 2014	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-12.22% Jul 31, 2015 - Oct 26, 2015	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-12.07% May 24, 2013 - Aug 13, 2013	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-11.75% Apr 9, 2015 - May 15, 2015	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-10.62% Dec 29, 2014 - Feb 19, 2015	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-10.18% Sep 19, 2013 - Nov 21, 2013	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-7.89% Nov 27, 2013 - Dec 20, 2013	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-7.34% Feb 19, 2013 - May 2, 2013	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-5.30% Jan 28, 2013 - Feb 4, 2013	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-5.18% Aug 15, 2013 - Sep 17, 2013	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-5.11% May 19, 2015 - Jul 10, 2015	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-4.73% Mar 20, 2015 - Mar 27, 2015	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-4.51% May 8, 2013 - May 20, 2013	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between NCLH and SPY is -0.61 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.61

-101