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:
-1.15
^GSPC:
0.24
NE:
-1.87
^GSPC:
0.47
NE:
0.77
^GSPC:
1.07
NE:
-0.85
^GSPC:
0.24
NE:
-1.84
^GSPC:
1.08
NE:
29.33%
^GSPC:
4.25%
NE:
46.84%
^GSPC:
19.00%
NE:
-63.16%
^GSPC:
-56.78%
NE:
-59.14%
^GSPC:
-14.02%
Returns By Period
In the year-to-date period, NE achieves a -33.53% return, which is significantly lower than ^GSPC's -10.18% return.
NE
-33.53%
-17.33%
-34.88%
-51.93%
N/A
N/A
^GSPC
-10.18%
-6.92%
-9.92%
5.42%
12.98%
9.70%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
NE vs. ^GSPC — Risk-Adjusted Performance Rank
NE
^GSPC
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 -63.16%, which is greater than ^GSPC's maximum 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 29.97% compared to S&P 500 (^GSPC) at 13.60%. 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.