HAL vs. SLB
HAL (Halliburton Company) and SLB (SLB N.V.) are both stocks. Both operate in the Oil & Gas Equipment & Services industry within the Energy sector. Over the past 10 years, HAL returned -0.29%/yr vs -1.81%/yr for SLB. A 0.73 correlation means they provide meaningful diversification when combined.
Performance
HAL vs. SLB - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HAL having a 25.59% return and SLB slightly higher at 26.33%. Over the past 10 years, HAL has outperformed SLB with an annualized return of -0.29%, while SLB has yielded a comparatively lower -1.81% annualized return.
HAL
- 1D
- 0.69%
- 1M
- -14.83%
- YTD
- 25.59%
- 6M
- 25.90%
- 1Y
- 61.52%
- 3Y*
- 6.81%
- 5Y*
- 10.47%
- 10Y*
- -0.29%
SLB
- 1D
- -0.29%
- 1M
- -15.85%
- YTD
- 26.33%
- 6M
- 26.50%
- 1Y
- 37.44%
- 3Y*
- 3.56%
- 5Y*
- 10.23%
- 10Y*
- -1.81%
HAL vs. SLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAL Halliburton Company | 25.59% | 7.02% | -23.19% | -6.47% | 74.45% | 21.99% | -21.23% | -4.90% | -44.63% | -8.18% |
SLB SLB N.V. | 26.33% | 3.27% | -24.47% | -0.78% | 81.15% | 40.30% | -43.81% | 17.73% | -44.66% | -17.37% |
Correlation
The correlation between HAL and SLB is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1981 | 0.73 |
The correlation between HAL and SLB shifts across timeframes, from 0.73 (all time) to 0.83 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HAL:
$1.82
SLB:
$3.04
HAL:
19.36
SLB:
15.75
HAL:
3.09
SLB:
0.74
HAL:
1.34
SLB:
1.45
HAL:
$22.17B
SLB:
$35.94B
HAL:
$3.40B
SLB:
$4.90B
HAL:
$3.83B
SLB:
$5.30B
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Return for Risk
HAL vs. SLB — Risk / Return Rank
HAL
SLB
HAL vs. SLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Halliburton Company (HAL) and SLB N.V. (SLB). 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.
| HAL | SLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.20 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 2.17 | +1.19 |
| Martin ratioReturn relative to average drawdown | 12.16 | 6.41 | +5.75 |
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Drawdowns
HAL vs. SLB - Drawdown Comparison
The maximum HAL drawdown since its inception was -92.99%, which is greater than SLB's maximum drawdown of -87.64%. Use the drawdown chart below to compare losses from any high point for HAL and SLB.
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Drawdown Indicators
| HAL | SLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.99% | -87.64% | -5.35% |
Max Drawdown (1Y)Largest decline over 1 year | -18.38% | -17.34% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -54.01% | -46.63% | -7.38% |
Max Drawdown (5Y)Largest decline over 5 years | -54.01% | -46.63% | -7.38% |
Max Drawdown (10Y)Largest decline over 10 years | -91.45% | -84.29% | -7.16% |
Current DrawdownCurrent decline from peak | -40.39% | -43.26% | +2.87% |
Average DrawdownAverage peak-to-trough decline | -39.12% | -31.19% | -7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 5.93% | -0.70% |
Volatility
HAL vs. SLB - Volatility Comparison
The current volatility for Halliburton Company (HAL) is 10.16%, while SLB N.V. (SLB) has a volatility of 11.70%. This indicates that HAL experiences smaller price fluctuations and is considered to be less risky than SLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAL | SLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.16% | 11.70% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 24.49% | 26.70% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.86% | 34.79% | +2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.09% | 37.65% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.01% | 40.51% | +5.50% |
Dividends
HAL vs. SLB - Dividend Comparison
HAL's dividend yield for the trailing twelve months is around 1.93%, less than SLB's 2.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAL Halliburton Company | 1.93% | 2.41% | 2.50% | 1.77% | 1.22% | 0.79% | 1.67% | 2.94% | 2.71% | 1.47% | 1.33% | 2.12% |
SLB SLB N.V. | 2.42% | 2.97% | 2.87% | 1.92% | 1.22% | 2.09% | 4.01% | 4.98% | 5.54% | 2.97% | 2.38% | 2.87% |
Financials
HAL vs. SLB - Financials Comparison
This section allows you to compare key financial metrics between Halliburton Company and SLB N.V.. 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
HAL vs. SLB - Profitability Comparison
HAL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Halliburton Company reported a gross profit of 790.00M and revenue of 5.40B. Therefore, the gross margin over that period was 14.6%.
SLB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SLB N.V. reported a gross profit of 0.00 and revenue of 8.72B. Therefore, the gross margin over that period was 0.0%.
HAL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Halliburton Company reported an operating income of 679.00M and revenue of 5.40B, resulting in an operating margin of 12.6%.
SLB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SLB N.V. reported an operating income of 0.00 and revenue of 8.72B, resulting in an operating margin of 0.0%.
HAL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Halliburton Company reported a net income of 461.00M and revenue of 5.40B, resulting in a net margin of 8.5%.
SLB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SLB N.V. reported a net income of 752.00M and revenue of 8.72B, resulting in a net margin of 8.6%.
Frequently Asked Questions
HAL and SLB have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLB has higher volatility (11.70%) compared to HAL (10.16%). In terms of maximum drawdown, HAL dropped -92.99% vs SLB's -87.64%.
HAL currently has the higher Sharpe Ratio (1.68 vs 1.08), 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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