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 0.33, 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:
-1.03
^GSPC:
2.12
NE:
-1.52
^GSPC:
2.83
NE:
0.83
^GSPC:
1.39
NE:
-0.81
^GSPC:
3.13
NE:
-1.72
^GSPC:
13.67
NE:
20.38%
^GSPC:
1.94%
NE:
34.03%
^GSPC:
12.54%
NE:
-43.52%
^GSPC:
-56.78%
NE:
-43.52%
^GSPC:
-2.37%
Returns By Period
In the year-to-date period, NE achieves a -37.13% return, which is significantly lower than ^GSPC's 24.66% return.
NE
-37.13%
-12.38%
-33.29%
-33.85%
N/A
N/A
^GSPC
24.66%
0.49%
8.64%
26.56%
13.06%
11.10%
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Risk-Adjusted Performance
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 -43.52%, smaller than the maximum ^GSPC 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 8.61% compared to S&P 500 (^GSPC) at 3.87%. 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.