NE vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Noble Corporation (NE) and S&P 500 Index (^GSPC).

Performance

NE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Noble Corporation (NE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

NE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NE Noble Corporation	73.64%	-3.21%	-31.57%	29.54%	52.00%	0.24%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	12.95%

Returns By Period

In the year-to-date period, NE achieves a 73.64% return, which is significantly higher than ^GSPC's -3.95% return.

NE

• 1D: -1.16%
• 1M: 6.65%
• YTD: 73.64%
• 6M: 70.53%
• 1Y: 111.09%
• 3Y*: 12.49%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

NE vs. ^GSPC — Risk / Return Rank

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

NE

NE Risk / Return Rank: 91
NE Sharpe Ratio Rank: 92
NE Sortino Ratio Rank: 88
NE Omega Ratio Rank: 88
NE Calmar Ratio Rank: 93
NE Martin Ratio Rank: 93

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

NE vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Noble Corporation (NE) and S&P 500 Index (^GSPC). 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.

	NE	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	2.26	0.92	+1.34
Sortino ratio Return per unit of downside risk	2.68	1.41	+1.27
Omega ratio Gain probability vs. loss probability	1.37	1.21	+0.15
Calmar ratio Return relative to maximum drawdown	4.77	1.41	+3.35
Martin ratio Return relative to average drawdown	13.64	6.61	+7.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NE vs. ^GSPC - Sharpe Ratio Comparison

The current NE Sharpe Ratio is 2.26, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of NE and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NE	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	0.92	+1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.46	-0.03

Correlation

The correlation between NE and ^GSPC is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

NE vs. ^GSPC - Drawdown Comparison

The maximum NE drawdown since its inception was -63.16%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for NE and ^GSPC.

Drawdown Indicators

	NE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-63.16%	-56.78%	-6.38%
Max Drawdown (1Y) Largest decline over 1 year	-23.83%	-12.14%	-11.69%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-2.67%	-5.78%	+3.11%
Average Drawdown Average peak-to-trough decline	-20.04%	-10.75%	-9.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.64%	2.60%	+6.04%

Volatility

NE vs. ^GSPC - Volatility Comparison

Noble Corporation (NE) has a higher volatility of 9.37% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that NE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.37%	5.37%	+4.00%
Volatility (6M) Calculated over the trailing 6-month period	29.70%	9.55%	+20.15%
Volatility (1Y) Calculated over the trailing 1-year period	49.56%	18.33%	+31.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.59%	16.90%	+26.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.59%	18.05%	+25.54%