NE vs. SDRL
NE (Noble Corporation) and SDRL (Seadrill Limited) are both stocks. Both operate in the Oil & Gas Drilling industry within the Energy sector. Over the past 3 years, NE returned 10.73%/yr vs 1.63%/yr for SDRL. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
NE vs. SDRL - Performance Comparison
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Returns By Period
In the year-to-date period, NE achieves a 53.27% return, which is significantly higher than SDRL's 15.29% return.
NE
- 1D
- 1.61%
- 1M
- -17.68%
- YTD
- 53.27%
- 6M
- 52.51%
- 1Y
- 55.78%
- 3Y*
- 10.73%
- 5Y*
- 14.96%
- 10Y*
- —
SDRL
- 1D
- 3.50%
- 1M
- -21.75%
- YTD
- 15.29%
- 6M
- 23.57%
- 1Y
- 42.41%
- 3Y*
- 1.63%
- 5Y*
- —
- 10Y*
- —
NE vs. SDRL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NE Noble Corporation | 53.27% | -3.21% | -31.57% | 29.54% | 17.33% |
SDRL Seadrill Limited | 15.29% | -11.12% | -17.66% | 44.85% | 25.54% |
Correlation
The correlation between NE and SDRL is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2022 | 0.70 |
The correlation between NE and SDRL has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
Fundamentals
NE:
$6.82B
SDRL:
$2.48B
NE:
$1.43
SDRL:
-$0.38
NE:
2.12
SDRL:
1.75
NE:
1.49
SDRL:
0.87
NE:
$3.20B
SDRL:
$1.45B
NE:
$716.15M
SDRL:
$240.00M
NE:
$1.11B
SDRL:
$285.00M
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Return for Risk
NE vs. SDRL — Risk / Return Rank
NE
SDRL
NE vs. SDRL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Noble Corporation (NE) and Seadrill Limited (SDRL). 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 | SDRL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 1.44 | +1.05 |
| Martin ratioReturn relative to average drawdown | 6.79 | 5.45 | +1.34 |
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Drawdowns
NE vs. SDRL - Drawdown Comparison
The maximum NE drawdown since its inception was -63.16%, roughly equal to the maximum SDRL drawdown of -66.14%. Use the drawdown chart below to compare losses from any high point for NE and SDRL.
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Drawdown Indicators
| NE | SDRL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.16% | -66.14% | +2.98% |
Max Drawdown (1Y)Largest decline over 1 year | -22.51% | -29.67% | +7.16% |
Max Drawdown (3Y)Largest decline over 3 years | -63.16% | -66.14% | +2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -63.16% | — | — |
Current DrawdownCurrent decline from peak | -21.26% | -27.92% | +6.66% |
Average DrawdownAverage peak-to-trough decline | -19.49% | -22.94% | +3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.27% | 7.87% | +0.40% |
Volatility
NE vs. SDRL - Volatility Comparison
Noble Corporation (NE) and Seadrill Limited (SDRL) have volatilities of 11.12% and 11.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NE | SDRL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.12% | 11.37% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 28.60% | 28.23% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.48% | 42.03% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.51% | 42.26% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.40% | 42.26% | +1.14% |
Dividends
NE vs. SDRL - Dividend Comparison
NE's dividend yield for the trailing twelve months is around 4.72%, while SDRL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NE Noble Corporation | 4.72% | 7.08% | 5.73% | 1.45% |
SDRL Seadrill Limited | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NE vs. SDRL - Financials Comparison
This section allows you to compare key financial metrics between Noble Corporation and Seadrill Limited. 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. SDRL - 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%.
SDRL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Seadrill Limited reported a gross profit of 50.00M and revenue of 358.00M. Therefore, the gross margin over that period was 14.0%.
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%.
SDRL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Seadrill Limited reported an operating income of 25.00M and revenue of 358.00M, resulting in an operating margin of 7.0%.
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%.
SDRL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Seadrill Limited reported a net income of 39.00M and revenue of 358.00M, resulting in a net margin of 10.9%.
Frequently Asked Questions
NE and SDRL have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDRL has higher volatility (11.37%) compared to NE (11.12%). In terms of maximum drawdown, NE dropped -63.16% vs SDRL's -66.14%.
NE currently has the higher Sharpe Ratio (1.35 vs 1.02), 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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