NBR vs. NE

Last updated Jun 4, 2026

NBR (Nabors Industries Ltd.) and NE (Noble Corporation) are both stocks. Both operate in the Oil & Gas Drilling industry within the Energy sector. Over the past 3 years, NBR returned -0.04%/yr vs 9.82%/yr for NE. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

NBR vs. NE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nabors Industries Ltd. (NBR) and Noble Corporation (NE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBR achieves a 77.31% return, which is significantly higher than NE's 67.02% return.

NBR

• 1D: 2.01%
• 1M: -7.16%
• YTD: 77.31%
• 6M: 75.28%
• 1Y: 222.33%
• 3Y*: -0.04%
• 5Y*: -4.49%
• 10Y*: -13.26%

NE

• 1D: -1.02%
• 1M: -8.40%
• YTD: 67.02%
• 6M: 42.41%
• 1Y: 84.69%
• 3Y*: 9.82%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NBR vs. NE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NBR Nabors Industries Ltd.	77.31%	-5.02%	-29.96%	-47.29%	90.99%	-27.46%
NE Noble Corporation	67.02%	-3.21%	-31.57%	29.54%	52.00%	0.24%

Correlation

The correlation between NBR and NE is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jun 10, 2021	0.63

The correlation between NBR and NE has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.

Fundamentals

Market Cap NBR : $1.37B NE : $7.51B
EPS NBR : $15.33 NE : $1.43
PE Ratio NBR : 6.28 NE : 32.65
PEG Ratio NBR : 0.29 NE : 8.88
PS Ratio NBR : 0.42 NE : 2.34
Total Revenue (TTM) NBR : $3.23B NE : $3.20B
Gross Profit (TTM) NBR : $661.90M NE : $716.15M
EBITDA (TTM) NBR : $1.31B NE : $1.11B

Return for Risk

NBR vs. NE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NBR

NBR Risk / Return Rank: 95
NBR Sharpe Ratio Rank: 97
NBR Sortino Ratio Rank: 93
NBR Omega Ratio Rank: 91
NBR Calmar Ratio Rank: 97
NBR Martin Ratio Rank: 98

NE

NE Risk / Return Rank: 87
NE Sharpe Ratio Rank: 88
NE Sortino Ratio Rank: 85
NE Omega Ratio Rank: 82
NE Calmar Ratio Rank: 91
NE Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NBR vs. NE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nabors Industries Ltd. (NBR) and Noble Corporation (NE). 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	NE	Difference
Sharpe ratio Return per unit of total volatility	3.71	2.09	+1.61
Sortino ratio Return per unit of downside risk	3.72	2.77	+0.95
Omega ratio Gain probability vs. loss probability	1.46	1.33	+0.13
Calmar ratio Return relative to maximum drawdown	10.47	5.14	+5.33
Martin ratio Return relative to average drawdown	32.08	11.37	+20.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBR vs. NE - Sharpe Ratio Comparison

The current NBR Sharpe Ratio is 3.71, which is higher than the NE Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of NBR and NE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NBR	NE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.71	2.09	+1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.39	-0.42

Drawdowns

NBR vs. NE - Drawdown Comparison

The maximum NBR drawdown since its inception was -99.51%, which is greater than NE's maximum drawdown of -63.16%. Use the drawdown chart below to compare losses from any high point for NBR and NE.

Drawdown Indicators

	NBR	NE	Difference
Max Drawdown Largest peak-to-trough decline	-99.51%	-63.16%	-36.35%
Max Drawdown (1Y) Largest decline over 1 year	-21.38%	-16.56%	-4.82%
Max Drawdown (3Y) Largest decline over 3 years	-82.22%	-63.16%	-19.06%
Max Drawdown (5Y) Largest decline over 5 years	-87.70%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.73%	—	—
Current Drawdown Current decline from peak	-95.36%	-14.20%	-81.16%
Average Drawdown Average peak-to-trough decline	-52.73%	-19.54%	-33.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.97%	7.47%	-0.50%

Volatility

NBR vs. NE - Volatility Comparison

Nabors Industries Ltd. (NBR) has a higher volatility of 12.84% compared to Noble Corporation (NE) at 9.89%. This indicates that NBR's price experiences larger fluctuations and is considered to be riskier than NE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBR	NE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.84%	9.89%	+2.95%
Volatility (6M) Calculated over the trailing 6-month period	36.62%	29.66%	+6.96%
Volatility (1Y) Calculated over the trailing 1-year period	61.13%	40.87%	+20.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.37%	43.43%	+22.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.09%	43.43%	+38.66%

Dividends

NBR vs. NE - Dividend Comparison

NBR has not paid dividends to shareholders, while NE's dividend yield for the trailing twelve months is around 4.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
NE Noble Corporation	4.29%	7.08%	5.73%	1.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

NBR vs. NE - Profitability Comparison

The chart below illustrates the profitability comparison between Nabors Industries Ltd. and Noble Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

NE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Noble Corporation reported a gross profit of 305.45M and revenue of 785.69M. Therefore, the gross margin over that period was 38.9%.

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%.

NE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Noble Corporation reported an operating income of 225.31M and revenue of 785.69M, resulting in an operating margin of 28.7%.

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%.

NE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Noble Corporation reported a net income of 120.73M and revenue of 785.69M, resulting in a net margin of 15.4%.

Frequently Asked Questions

Can I hold both NBR and NE in my portfolio?

NBR and NE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBR or NE?

NBR has higher volatility (12.84%) compared to NE (9.89%). In terms of maximum drawdown, NBR dropped -99.51% vs NE's -63.16%.

Which has better risk-adjusted returns?

NBR currently has the higher Sharpe Ratio (3.71 vs 2.09), 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.