NBR vs. HAL
NBR (Nabors Industries Ltd.) and HAL (Halliburton Company) are both stocks. Both are in the Energy sector — NBR in Oil & Gas Drilling, HAL in Oil & Gas Equipment & Services. Over the past 10 years, NBR returned -13.43%/yr vs 1.24%/yr for HAL. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
NBR vs. HAL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NBR achieves a 73.81% return, which is significantly higher than HAL's 42.69% return. Over the past 10 years, NBR has underperformed HAL with an annualized return of -13.43%, while HAL has yielded a comparatively higher 1.24% annualized return.
NBR
- 1D
- 2.09%
- 1M
- -6.53%
- YTD
- 73.81%
- 6M
- 88.46%
- 1Y
- 247.24%
- 3Y*
- -0.70%
- 5Y*
- -4.38%
- 10Y*
- -13.43%
HAL
- 1D
- 1.98%
- 1M
- -3.67%
- YTD
- 42.69%
- 6M
- 50.80%
- 1Y
- 106.05%
- 3Y*
- 10.75%
- 5Y*
- 12.22%
- 10Y*
- 1.24%
NBR vs. HAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBR Nabors Industries Ltd. | 73.81% | -5.02% | -29.96% | -47.29% | 90.99% | 39.26% | -58.62% | 46.33% | -69.27% | -57.05% |
HAL Halliburton Company | 42.69% | 7.02% | -23.19% | -6.47% | 74.45% | 21.99% | -21.23% | -4.90% | -44.63% | -8.18% |
Correlation
The correlation between NBR and HAL is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 1991 | 0.63 |
The correlation between NBR and HAL shifts across timeframes, from 0.62 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NBR:
$1.34B
HAL:
$33.67B
NBR:
$15.33
HAL:
$1.82
NBR:
6.16
HAL:
22.09
NBR:
0.28
HAL:
3.52
NBR:
0.41
HAL:
1.53
NBR:
$3.23B
HAL:
$22.17B
NBR:
$661.90M
HAL:
$3.40B
NBR:
$1.31B
HAL:
$3.83B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NBR vs. HAL — Risk / Return Rank
NBR
HAL
NBR vs. HAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nabors Industries Ltd. (NBR) and Halliburton Company (HAL). 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.
| NBR | HAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.07 | 2.92 | +1.15 |
Sortino ratioReturn per unit of downside risk | 3.93 | 3.65 | +0.28 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.44 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 12.43 | 8.43 | +3.99 |
Martin ratioReturn relative to average drawdown | 38.37 | 22.07 | +16.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NBR | HAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.07 | 2.92 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.31 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.16 | 0.03 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.14 | -0.17 |
Drawdowns
NBR vs. HAL - Drawdown Comparison
The maximum NBR drawdown since its inception was -99.51%, which is greater than HAL's maximum drawdown of -92.99%. Use the drawdown chart below to compare losses from any high point for NBR and HAL.
Loading charts...
Drawdown Indicators
| NBR | HAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.51% | -92.99% | -6.52% |
Max Drawdown (1Y)Largest decline over 1 year | -21.38% | -13.10% | -8.28% |
Max Drawdown (3Y)Largest decline over 3 years | -82.22% | -54.01% | -28.21% |
Max Drawdown (5Y)Largest decline over 5 years | -87.70% | -54.01% | -33.69% |
Max Drawdown (10Y)Largest decline over 10 years | -98.73% | -91.45% | -7.28% |
Current DrawdownCurrent decline from peak | -95.45% | -32.28% | -63.17% |
Average DrawdownAverage peak-to-trough decline | -52.73% | -39.13% | -13.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.92% | 5.01% | +1.91% |
Volatility
NBR vs. HAL - Volatility Comparison
Nabors Industries Ltd. (NBR) has a higher volatility of 12.99% compared to Halliburton Company (HAL) at 8.85%. This indicates that NBR's price experiences larger fluctuations and is considered to be riskier than HAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NBR | HAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.99% | 8.85% | +4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 36.68% | 23.45% | +13.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.30% | 36.54% | +24.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.41% | 40.10% | +26.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.10% | 45.97% | +36.13% |
Dividends
NBR vs. HAL - Dividend Comparison
NBR has not paid dividends to shareholders, while HAL's dividend yield for the trailing twelve months is around 1.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAL Halliburton Company | 1.69% | 2.41% | 2.50% | 1.77% | 1.22% | 0.79% | 1.67% | 2.94% | 2.71% | 1.47% | 1.33% | 2.12% |
NBR Nabors Industries Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.86% | 1.39% | 12.00% | 3.51% | 1.46% | 2.82% |
Financials
NBR vs. HAL - Financials Comparison
This section allows you to compare key financial metrics between Nabors Industries Ltd. and Halliburton Company. 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
NBR vs. HAL - Profitability Comparison
NBR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nabors Industries Ltd. reported a gross profit of 0.00 and revenue of 786.44M. Therefore, the gross margin over that period was 0.0%.
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%.
NBR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nabors Industries Ltd. reported an operating income of 48.63M and revenue of 786.44M, resulting in an operating margin of 6.2%.
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%.
NBR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nabors Industries Ltd. reported a net income of -15.17M and revenue of 786.44M, resulting in a net margin of -1.9%.
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%.
Frequently Asked Questions
NBR and HAL have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBR has higher volatility (12.99%) compared to HAL (8.85%). In terms of maximum drawdown, NBR dropped -99.51% vs HAL's -92.99%.
NBR currently has the higher Sharpe Ratio (4.07 vs 2.92), 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.
Find the right allocation for NBR and HAL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer