NE vs. IP
NE (Noble Corporation) and IP (International Paper Company) are both stocks. NE operates in Oil & Gas Drilling (Energy), while IP operates in Packaging & Containers (Consumer Cyclical). Over the past 5 years, NE returned 17.16%/yr vs -5.62%/yr for IP. At a 0.25 correlation, their price movements are largely independent.
Performance
NE vs. IP - Performance Comparison
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Returns By Period
In the year-to-date period, NE achieves a 69.84% return, which is significantly higher than IP's -5.93% return.
NE
- 1D
- 1.73%
- 1M
- -10.32%
- YTD
- 69.84%
- 6M
- 61.33%
- 1Y
- 70.26%
- 3Y*
- 13.81%
- 5Y*
- 17.16%
- 10Y*
- —
IP
- 1D
- 3.43%
- 1M
- 21.24%
- YTD
- -5.93%
- 6M
- -3.85%
- 1Y
- -17.46%
- 3Y*
- 9.44%
- 5Y*
- -5.62%
- 10Y*
- 3.48%
NE vs. IP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NE Noble Corporation | 69.84% | -3.21% | -31.57% | 29.54% | 52.00% | 1.27% |
IP International Paper Company | -5.93% | -23.83% | 55.31% | 10.20% | -23.05% | -21.27% |
Correlation
The correlation between NE and IP is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021 | 0.25 |
Fundamentals
NE:
$7.55B
IP:
$19.22B
NE:
$1.43
IP:
-$6.29
NE:
2.35
IP:
0.77
NE:
1.65
IP:
1.30
NE:
$3.20B
IP:
$24.97B
NE:
$716.15M
IP:
$7.44B
NE:
$1.11B
IP:
-$41.00M
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Return for Risk
NE vs. IP — Risk / Return Rank
NE
IP
NE vs. IP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Noble Corporation (NE) and International Paper Company (IP). 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.
| NE | IP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.20 | ||
| Sortino ratioReturn per unit of downside risk | +2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.95 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | -0.43 | +4.71 |
| Martin ratioReturn relative to average drawdown | 9.03 | -0.78 | +9.81 |
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Drawdowns
NE vs. IP - Drawdown Comparison
The maximum NE drawdown since its inception was -63.16%, smaller than the maximum IP drawdown of -90.62%. Use the drawdown chart below to compare losses from any high point for NE and IP.
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Drawdown Indicators
| NE | IP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.16% | -90.62% | +27.46% |
Max Drawdown (1Y)Largest decline over 1 year | -16.56% | -45.52% | +28.96% |
Max Drawdown (3Y)Largest decline over 3 years | -63.16% | -48.61% | -14.55% |
Max Drawdown (5Y)Largest decline over 5 years | -63.16% | -48.61% | -14.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.27% | — |
Current DrawdownCurrent decline from peak | -12.75% | -35.82% | +23.07% |
Average DrawdownAverage peak-to-trough decline | -19.49% | -20.89% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.83% | 25.34% | -17.51% |
Volatility
NE vs. IP - Volatility Comparison
The current volatility for Noble Corporation (NE) is 10.86%, while International Paper Company (IP) has a volatility of 15.74%. This indicates that NE experiences smaller price fluctuations and is considered to be less risky than IP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NE | IP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.86% | 15.74% | -4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 29.03% | 32.96% | -3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.86% | 42.63% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.44% | 32.86% | +10.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.39% | 32.35% | +11.04% |
Dividends
NE vs. IP - Dividend Comparison
NE's dividend yield for the trailing twelve months is around 4.26%, less than IP's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | 5.12% | 4.70% | 3.44% | 5.12% | 5.34% | 4.08% | 4.12% | 4.37% | 4.77% | 3.21% | 3.36% | 4.35% |
NE Noble Corporation | 4.26% | 7.08% | 5.73% | 1.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NE vs. IP - Financials Comparison
This section allows you to compare key financial metrics between Noble Corporation and International Paper 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
NE vs. IP - Profitability Comparison
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%.
IP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, International Paper Company reported a gross profit of 1.73B and revenue of 5.97B. Therefore, the gross margin over that period was 28.9%.
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%.
IP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, International Paper Company reported an operating income of 76.00M and revenue of 5.97B, resulting in an operating margin of 1.3%.
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%.
IP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, International Paper Company reported a net income of 76.00M and revenue of 5.97B, resulting in a net margin of 1.3%.
Frequently Asked Questions
NE and IP have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IP has higher volatility (15.74%) compared to NE (10.86%). In terms of maximum drawdown, NE dropped -63.16% vs IP's -90.62%.
NE currently has the higher Sharpe Ratio (1.73 vs -0.46), 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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