ESEA vs. NOV
ESEA (Euroseas Ltd) and NOV (National Oilwell Varco, Inc.) are both stocks. ESEA operates in Marine Shipping (Industrials), while NOV operates in Oil & Gas Equipment & Services (Energy). Over the past 10 years, ESEA returned 24.22%/yr vs -3.52%/yr for NOV. At a 0.24 correlation, their price movements are largely independent.
Performance
ESEA vs. NOV - Performance Comparison
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Returns By Period
In the year-to-date period, ESEA achieves a 34.11% return, which is significantly lower than NOV's 37.04% return. Over the past 10 years, ESEA has outperformed NOV with an annualized return of 24.22%, while NOV has yielded a comparatively lower -3.52% annualized return.
ESEA
- 1D
- 5.44%
- 1M
- 3.94%
- YTD
- 34.11%
- 6M
- 32.79%
- 1Y
- 73.97%
- 3Y*
- 83.12%
- 5Y*
- 41.40%
- 10Y*
- 24.22%
NOV
- 1D
- 0.48%
- 1M
- 4.65%
- YTD
- 37.04%
- 6M
- 30.69%
- 1Y
- 58.42%
- 3Y*
- 14.65%
- 5Y*
- 6.53%
- 10Y*
- -3.52%
ESEA vs. NOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESEA Euroseas Ltd | 34.11% | 140.95% | 23.60% | 83.39% | -21.02% | 358.75% | 33.42% | -27.32% | -58.82% | 0.59% |
NOV National Oilwell Varco, Inc. | 37.04% | 11.30% | -26.81% | -1.83% | 55.72% | -0.89% | -44.93% | -1.69% | -28.28% | -3.23% |
Correlation
The correlation between ESEA and NOV is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 5, 2006 | 0.24 |
The correlation between ESEA and NOV shifts across timeframes, from 0.07 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ESEA:
$499.99M
NOV:
$7.69B
ESEA:
$18.99
NOV:
$0.25
ESEA:
3.77
NOV:
85.80
ESEA:
0.09
NOV:
1.05
ESEA:
2.20
NOV:
0.90
ESEA:
1.02
NOV:
1.23
ESEA:
$227.36M
NOV:
$8.69B
ESEA:
$148.47M
NOV:
$1.70B
ESEA:
$165.74M
NOV:
$633.00M
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Return for Risk
ESEA vs. NOV — Risk / Return Rank
ESEA
NOV
ESEA vs. NOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Euroseas Ltd (ESEA) and National Oilwell Varco, Inc. (NOV). 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.
| ESEA | NOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 3.91 | +0.14 |
| Martin ratioReturn relative to average drawdown | 8.29 | 10.14 | -1.84 |
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Drawdowns
ESEA vs. NOV - Drawdown Comparison
The maximum ESEA drawdown since its inception was -99.84%, which is greater than NOV's maximum drawdown of -89.77%. Use the drawdown chart below to compare losses from any high point for ESEA and NOV.
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Drawdown Indicators
| ESEA | NOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.84% | -89.77% | -10.07% |
Max Drawdown (1Y)Largest decline over 1 year | -18.36% | -16.10% | -2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -38.00% | -47.15% | +9.15% |
Max Drawdown (5Y)Largest decline over 5 years | -51.28% | -53.70% | +2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -95.54% | -83.26% | -12.28% |
Current DrawdownCurrent decline from peak | -86.38% | -70.35% | -16.03% |
Average DrawdownAverage peak-to-trough decline | -85.40% | -45.20% | -40.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.95% | 6.20% | +2.75% |
Volatility
ESEA vs. NOV - Volatility Comparison
Euroseas Ltd (ESEA) has a higher volatility of 18.88% compared to National Oilwell Varco, Inc. (NOV) at 11.51%. This indicates that ESEA's price experiences larger fluctuations and is considered to be riskier than NOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESEA | NOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.88% | 11.51% | +7.37% |
Volatility (6M)Calculated over the trailing 6-month period | 33.50% | 26.13% | +7.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.60% | 38.20% | +6.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.16% | 42.45% | +12.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.52% | 47.27% | +47.25% |
Dividends
ESEA vs. NOV - Dividend Comparison
ESEA's dividend yield for the trailing twelve months is around 5.03%, more than NOV's 2.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESEA Euroseas Ltd | 5.03% | 16.23% | 6.63% | 6.42% | 8.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOV National Oilwell Varco, Inc. | 1.99% | 3.26% | 1.88% | 0.99% | 0.96% | 0.37% | 0.36% | 0.80% | 0.78% | 0.56% | 1.63% | 5.49% |
Financials
ESEA vs. NOV - Financials Comparison
This section allows you to compare key financial metrics between Euroseas Ltd and National Oilwell Varco, Inc.. 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
ESEA vs. NOV - Profitability Comparison
ESEA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Euroseas Ltd reported a gross profit of 37.73M and revenue of 55.84M. Therefore, the gross margin over that period was 67.6%.
NOV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Oilwell Varco, Inc. reported a gross profit of 379.00M and revenue of 2.05B. Therefore, the gross margin over that period was 18.5%.
ESEA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Euroseas Ltd reported an operating income of 34.03M and revenue of 55.84M, resulting in an operating margin of 61.0%.
NOV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Oilwell Varco, Inc. reported an operating income of 47.00M and revenue of 2.05B, resulting in an operating margin of 2.3%.
ESEA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Euroseas Ltd reported a net income of 32.52M and revenue of 55.84M, resulting in a net margin of 58.2%.
NOV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Oilwell Varco, Inc. reported a net income of 19.00M and revenue of 2.05B, resulting in a net margin of 0.9%.
Frequently Asked Questions
ESEA and NOV have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESEA has higher volatility (18.88%) compared to NOV (11.51%). In terms of maximum drawdown, ESEA dropped -99.84% vs NOV's -89.77%.
ESEA currently has the higher Sharpe Ratio (1.67 vs 1.65), 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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