NE vs. RIG

Last updated Apr 1, 2026

Compare and contrast key facts about Noble Corporation (NE) and Transocean Ltd. (RIG).

Performance

NE vs. RIG - Performance Comparison

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

NE vs. RIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NE Noble Corporation	75.68%	-3.21%	-31.57%	29.54%	52.00%	0.24%
RIG Transocean Ltd.	60.53%	10.13%	-40.94%	39.25%	65.22%	-33.65%

Fundamentals

EPS NE : $1.35 RIG : -$4.86
Total Revenue (TTM) NE : $0.00 RIG : $2.92B
Gross Profit (TTM) NE : $0.00 RIG : -$2.41B
EBITDA (TTM) NE : $583.40M RIG : -$1.00B

Returns By Period

In the year-to-date period, NE achieves a 75.68% return, which is significantly higher than RIG's 60.53% return.

NE

• 1D: 0.37%
• 1M: 9.21%
• YTD: 75.68%
• 6M: 78.08%
• 1Y: 120.42%
• 3Y*: 12.93%
• 5Y*: —
• 10Y*: —

RIG

• 1D: -0.30%
• 1M: 2.31%
• YTD: 60.53%
• 6M: 112.50%
• 1Y: 109.15%
• 3Y*: 1.40%
• 5Y*: 12.74%
• 10Y*: -2.55%

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

Return for Risk

NE vs. RIG — Risk / Return Rank

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

NE

NE Risk / Return Rank: 92
NE Sharpe Ratio Rank: 94
NE Sortino Ratio Rank: 90
NE Omega Ratio Rank: 90
NE Calmar Ratio Rank: 93
NE Martin Ratio Rank: 93

RIG

RIG Risk / Return Rank: 84
RIG Sharpe Ratio Rank: 88
RIG Sortino Ratio Rank: 82
RIG Omega Ratio Rank: 81
RIG Calmar Ratio Rank: 86
RIG Martin Ratio Rank: 85

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. RIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Noble Corporation (NE) and Transocean Ltd. (RIG). 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	RIG	Difference
Sharpe ratio Return per unit of total volatility	2.44	1.72	+0.73
Sortino ratio Return per unit of downside risk	2.82	2.18	+0.64
Omega ratio Gain probability vs. loss probability	1.39	1.29	+0.10
Calmar ratio Return relative to maximum drawdown	4.69	2.99	+1.70
Martin ratio Return relative to average drawdown	13.44	7.61	+5.82
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. RIG - Sharpe Ratio Comparison

The current NE Sharpe Ratio is 2.44, which is higher than the RIG Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of NE and RIG, 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	RIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	1.72	+0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.20	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	-0.01	+0.45

Correlation

The correlation between NE and RIG is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NE vs. RIG - Dividend Comparison

NE's dividend yield for the trailing twelve months is around 4.08%, while RIG has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NE Noble Corporation	4.08%	7.08%	5.73%	1.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RIG Transocean Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.48%

Drawdowns

NE vs. RIG - Drawdown Comparison

The maximum NE drawdown since its inception was -63.16%, smaller than the maximum RIG drawdown of -99.47%. Use the drawdown chart below to compare losses from any high point for NE and RIG.

Drawdown Indicators

	NE	RIG	Difference
Max Drawdown Largest peak-to-trough decline	-63.16%	-99.47%	+36.31%
Max Drawdown (1Y) Largest decline over 1 year	-24.73%	-35.84%	+11.11%
Max Drawdown (5Y) Largest decline over 5 years	—	-75.80%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.77%	—
Current Drawdown Current decline from peak	-1.53%	-94.78%	+93.25%
Average Drawdown Average peak-to-trough decline	-20.05%	-56.94%	+36.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.64%	14.08%	-5.44%

Volatility

NE vs. RIG - Volatility Comparison

The current volatility for Noble Corporation (NE) is 9.30%, while Transocean Ltd. (RIG) has a volatility of 14.83%. This indicates that NE experiences smaller price fluctuations and is considered to be less risky than RIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NE	RIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.30%	14.83%	-5.53%
Volatility (6M) Calculated over the trailing 6-month period	29.76%	37.43%	-7.67%
Volatility (1Y) Calculated over the trailing 1-year period	49.60%	63.99%	-14.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.61%	63.40%	-19.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.61%	74.83%	-31.22%

Financials