INVX vs. SDRL
INVX (Innovex International, Inc) and SDRL (Seadrill Limited) are both stocks. Both are in the Energy sector — INVX in Oil & Gas Equipment & Services, SDRL in Oil & Gas Drilling. Over the past 3 years, INVX returned 4.74%/yr vs 1.63%/yr for SDRL. At a 0.49 correlation, their price movements are largely independent.
Performance
INVX vs. SDRL - Performance Comparison
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Returns By Period
In the year-to-date period, INVX achieves a 17.33% return, which is significantly higher than SDRL's 15.29% return.
INVX
- 1D
- 0.35%
- 1M
- -14.61%
- YTD
- 17.33%
- 6M
- 16.42%
- 1Y
- 59.78%
- 3Y*
- 4.74%
- 5Y*
- -7.06%
- 10Y*
- -8.12%
SDRL
- 1D
- 3.50%
- 1M
- -21.75%
- YTD
- 15.29%
- 6M
- 23.57%
- 1Y
- 42.41%
- 3Y*
- 1.63%
- 5Y*
- —
- 10Y*
- —
INVX vs. SDRL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
INVX Innovex International, Inc | 17.33% | 56.55% | -39.97% | -14.35% | 27.14% |
SDRL Seadrill Limited | 15.29% | -11.12% | -17.66% | 44.85% | 25.54% |
Correlation
The correlation between INVX and SDRL is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2022 | 0.49 |
The correlation between INVX and SDRL has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.
Fundamentals
INVX:
$1.77B
SDRL:
$2.48B
INVX:
$0.75
SDRL:
-$0.38
INVX:
1.82
SDRL:
1.75
INVX:
1.72
SDRL:
0.87
INVX:
$976.87M
SDRL:
$1.45B
INVX:
$280.46M
SDRL:
$240.00M
INVX:
$157.28M
SDRL:
$285.00M
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Return for Risk
INVX vs. SDRL — Risk / Return Rank
INVX
SDRL
INVX vs. SDRL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovex International, Inc (INVX) and Seadrill Limited (SDRL). 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.
| INVX | SDRL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 1.44 | +1.92 |
| Martin ratioReturn relative to average drawdown | 8.02 | 5.45 | +2.57 |
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Drawdowns
INVX vs. SDRL - Drawdown Comparison
The maximum INVX drawdown since its inception was -89.50%, which is greater than SDRL's maximum drawdown of -66.14%. Use the drawdown chart below to compare losses from any high point for INVX and SDRL.
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Drawdown Indicators
| INVX | SDRL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.50% | -66.14% | -23.36% |
Max Drawdown (1Y)Largest decline over 1 year | -17.91% | -29.67% | +11.76% |
Max Drawdown (3Y)Largest decline over 3 years | -58.93% | -66.14% | +7.21% |
Max Drawdown (5Y)Largest decline over 5 years | -68.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.31% | — | — |
Current DrawdownCurrent decline from peak | -78.51% | -27.92% | -50.59% |
Average DrawdownAverage peak-to-trough decline | -45.42% | -22.94% | -22.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.51% | 7.87% | -0.36% |
Volatility
INVX vs. SDRL - Volatility Comparison
Innovex International, Inc (INVX) has a higher volatility of 16.12% compared to Seadrill Limited (SDRL) at 11.37%. This indicates that INVX's price experiences larger fluctuations and is considered to be riskier than SDRL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INVX | SDRL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.12% | 11.37% | +4.75% |
Volatility (6M)Calculated over the trailing 6-month period | 30.92% | 28.23% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.15% | 42.03% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.43% | 42.26% | +4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.68% | 42.26% | +4.42% |
Dividends
INVX vs. SDRL - Dividend Comparison
Neither INVX nor SDRL has paid dividends to shareholders.
Financials
INVX vs. SDRL - Financials Comparison
This section allows you to compare key financial metrics between Innovex International, Inc and Seadrill Limited. 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
INVX vs. SDRL - Profitability Comparison
INVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Innovex International, Inc reported a gross profit of 84.51M and revenue of 239.03M. Therefore, the gross margin over that period was 35.4%.
SDRL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Seadrill Limited reported a gross profit of 50.00M and revenue of 358.00M. Therefore, the gross margin over that period was 14.0%.
INVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Innovex International, Inc reported an operating income of -21.83M and revenue of 239.03M, resulting in an operating margin of -9.1%.
SDRL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Seadrill Limited reported an operating income of 25.00M and revenue of 358.00M, resulting in an operating margin of 7.0%.
INVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Innovex International, Inc reported a net income of -16.67M and revenue of 239.03M, resulting in a net margin of -7.0%.
SDRL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Seadrill Limited reported a net income of 39.00M and revenue of 358.00M, resulting in a net margin of 10.9%.
Frequently Asked Questions
INVX and SDRL have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INVX has higher volatility (16.12%) compared to SDRL (11.37%). In terms of maximum drawdown, INVX dropped -89.50% vs SDRL's -66.14%.
INVX currently has the higher Sharpe Ratio (1.43 vs 1.02), 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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