NE vs. NBR
NE (Noble Corporation) and NBR (Nabors Industries Ltd.) are both stocks. Both operate in the Oil & Gas Drilling industry within the Energy sector. Over the past 5 years, NE returned 14.47%/yr vs -6.01%/yr for NBR. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
NE vs. NBR - Performance Comparison
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Returns By Period
In the year-to-date period, NE achieves a 51.82% return, which is significantly lower than NBR's 59.32% return.
NE
- 1D
- -0.94%
- 1M
- -18.45%
- YTD
- 51.82%
- 6M
- 51.82%
- 1Y
- 58.17%
- 3Y*
- 10.38%
- 5Y*
- 14.47%
- 10Y*
- —
NBR
- 1D
- -0.23%
- 1M
- -17.93%
- YTD
- 59.32%
- 6M
- 65.57%
- 1Y
- 182.99%
- 3Y*
- -2.67%
- 5Y*
- -6.01%
- 10Y*
- -15.07%
NE vs. NBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NE Noble Corporation | 51.82% | -3.21% | -31.57% | 29.54% | 52.00% | 1.27% |
NBR Nabors Industries Ltd. | 59.32% | -5.02% | -29.96% | -47.29% | 90.99% | -28.33% |
Correlation
The correlation between NE and NBR is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021 | 0.63 |
The correlation between NE and NBR has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
Fundamentals
NE:
$6.75B
NBR:
$1.23B
NE:
$1.43
NBR:
$15.33
NE:
29.36
NBR:
5.64
NE:
7.99
NBR:
0.26
NE:
2.10
NBR:
0.37
NE:
$3.20B
NBR:
$3.23B
NE:
$716.15M
NBR:
$661.90M
NE:
$1.11B
NBR:
$1.31B
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Return for Risk
NE vs. NBR — Risk / Return Rank
NE
NBR
NE vs. NBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Noble Corporation (NE) and Nabors Industries Ltd. (NBR). 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 | NBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.41 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 8.45 | -5.85 |
| Martin ratioReturn relative to average drawdown | 7.00 | 25.93 | -18.93 |
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Drawdowns
NE vs. NBR - Drawdown Comparison
The maximum NE drawdown since its inception was -63.16%, smaller than the maximum NBR drawdown of -99.51%. Use the drawdown chart below to compare losses from any high point for NE and NBR.
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Drawdown Indicators
| NE | NBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.16% | -99.51% | +36.35% |
Max Drawdown (1Y)Largest decline over 1 year | -22.51% | -21.80% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -63.16% | -82.22% | +19.06% |
Max Drawdown (5Y)Largest decline over 5 years | -63.16% | -87.70% | +24.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.73% | — |
Current DrawdownCurrent decline from peak | -22.01% | -95.83% | +73.82% |
Average DrawdownAverage peak-to-trough decline | -19.49% | -52.95% | +33.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.36% | 7.14% | +1.22% |
Volatility
NE vs. NBR - Volatility Comparison
The current volatility for Noble Corporation (NE) is 10.93%, while Nabors Industries Ltd. (NBR) has a volatility of 15.85%. This indicates that NE experiences smaller price fluctuations and is considered to be less risky than NBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NE | NBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.93% | 15.85% | -4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 28.56% | 36.35% | -7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.41% | 60.84% | -19.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.51% | 66.37% | -22.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.39% | 82.07% | -38.68% |
Dividends
NE vs. NBR - Dividend Comparison
NE's dividend yield for the trailing twelve months is around 4.77%, while NBR has not paid dividends to shareholders.
| 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 | 4.77% | 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. NBR - Financials Comparison
This section allows you to compare key financial metrics between Noble Corporation and Nabors Industries Ltd.. 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. NBR - 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%.
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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
NE and NBR have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBR has higher volatility (15.85%) compared to NE (10.93%). In terms of maximum drawdown, NE dropped -63.16% vs NBR's -99.51%.
NBR currently has the higher Sharpe Ratio (3.05 vs 1.41), 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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