NE vs. ^GSPC
Compare and contrast key facts about Noble Corporation (NE) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NE or ^GSPC.
Correlation
The correlation between NE and ^GSPC is 0.34, 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.
Performance
NE vs. ^GSPC - Performance Comparison
Key characteristics
NE:
-0.97
^GSPC:
0.65
NE:
-1.43
^GSPC:
1.02
NE:
0.82
^GSPC:
1.15
NE:
-0.73
^GSPC:
0.67
NE:
-1.47
^GSPC:
2.62
NE:
31.38%
^GSPC:
4.81%
NE:
47.64%
^GSPC:
19.40%
NE:
-63.16%
^GSPC:
-56.78%
NE:
-55.62%
^GSPC:
-8.04%
Returns By Period
In the year-to-date period, NE achieves a -27.80% return, which is significantly lower than ^GSPC's -3.93% return.
NE
-27.80%
20.48%
-26.84%
-47.95%
N/A
N/A
^GSPC
-3.93%
11.36%
-1.09%
10.19%
14.74%
10.35%
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Risk-Adjusted Performance
NE vs. ^GSPC — Risk-Adjusted Performance Rank
NE
^GSPC
NE vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Noble Corporation (NE) and S&P 500 (^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.
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. For additional features, visit the drawdowns tool.
Volatility
NE vs. ^GSPC - Volatility Comparison
Noble Corporation (NE) has a higher volatility of 28.14% compared to S&P 500 (^GSPC) at 13.20%. 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.