NESR vs. DODEX

Last updated Jun 4, 2026

NESR (National Energy Services Reunited Corp.) is a stock, while DODEX (Dodge & Cox Emerging Markets Stock Fund) is Emerging Markets Diversified fund managed by Dodge & Cox. Over the past 5 years, NESR returned 11.48%/yr vs 9.72%/yr for DODEX. At a 0.31 correlation, their price movements are largely independent.

Performance

NESR vs. DODEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in National Energy Services Reunited Corp. (NESR) and Dodge & Cox Emerging Markets Stock Fund (DODEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NESR achieves a 59.64% return, which is significantly higher than DODEX's 25.77% return.

NESR

• 1D: 1.13%
• 1M: 3.69%
• YTD: 59.64%
• 6M: 69.72%
• 1Y: 318.76%
• 3Y*: 103.88%
• 5Y*: 11.48%
• 10Y*: —

DODEX

• 1D: 0.68%
• 1M: 6.66%
• YTD: 25.77%
• 6M: 27.16%
• 1Y: 56.39%
• 3Y*: 26.27%
• 5Y*: 9.72%
• 10Y*: —

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

NESR vs. DODEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NESR National Energy Services Reunited Corp.	59.64%	74.78%	46.89%	-12.10%	-26.56%	-27.03%
DODEX Dodge & Cox Emerging Markets Stock Fund	25.77%	38.64%	7.47%	13.37%	-14.91%	-9.57%

Correlation

The correlation between NESR and DODEX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since May 21, 2021	0.31

The correlation between NESR and DODEX shifts across timeframes, from 0.30 (3 years) to 0.41 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NESR vs. DODEX — Risk / Return Rank

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

NESR

NESR Risk / Return Rank: 98
NESR Sharpe Ratio Rank: 99
NESR Sortino Ratio Rank: 98
NESR Omega Ratio Rank: 97
NESR Calmar Ratio Rank: 98
NESR Martin Ratio Rank: 99

DODEX

DODEX Risk / Return Rank: 94
DODEX Sharpe Ratio Rank: 98
DODEX Sortino Ratio Rank: 95
DODEX Omega Ratio Rank: 94
DODEX Calmar Ratio Rank: 93
DODEX Martin Ratio Rank: 93

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.

NESR vs. DODEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for National Energy Services Reunited Corp. (NESR) and Dodge & Cox Emerging Markets Stock Fund (DODEX). 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.

	NESR	DODEX	Difference
Sharpe ratio Return per unit of total volatility	6.02	3.96	+2.06
Sortino ratio Return per unit of downside risk	5.72	4.99	+0.73
Omega ratio Gain probability vs. loss probability	1.71	1.72	-0.01
Calmar ratio Return relative to maximum drawdown	11.73	5.18	+6.55
Martin ratio Return relative to average drawdown	41.23	19.82	+21.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NESR vs. DODEX - Sharpe Ratio Comparison

The current NESR Sharpe Ratio is 6.02, which is higher than the DODEX Sharpe Ratio of 3.96. The chart below compares the historical Sharpe Ratios of NESR and DODEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NESR	DODEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.02	3.96	+2.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.58	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.61	-0.40

Drawdowns

NESR vs. DODEX - Drawdown Comparison

The maximum NESR drawdown since its inception was -83.12%, which is greater than DODEX's maximum drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for NESR and DODEX.

Drawdown Indicators

	NESR	DODEX	Difference
Max Drawdown Largest peak-to-trough decline	-83.12%	-37.01%	-46.11%
Max Drawdown (1Y) Largest decline over 1 year	-27.39%	-10.97%	-16.42%
Max Drawdown (3Y) Largest decline over 3 years	-45.64%	-16.15%	-29.49%
Max Drawdown (5Y) Largest decline over 5 years	-83.12%	-36.89%	-46.23%
Current Drawdown Current decline from peak	-6.86%	0.00%	-6.86%
Average Drawdown Average peak-to-trough decline	-36.00%	-12.80%	-23.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.80%	2.86%	+4.94%

Volatility

NESR vs. DODEX - Volatility Comparison

National Energy Services Reunited Corp. (NESR) has a higher volatility of 15.18% compared to Dodge & Cox Emerging Markets Stock Fund (DODEX) at 5.09%. This indicates that NESR's price experiences larger fluctuations and is considered to be riskier than DODEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NESR	DODEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.18%	5.09%	+10.09%
Volatility (6M) Calculated over the trailing 6-month period	36.43%	12.06%	+24.37%
Volatility (1Y) Calculated over the trailing 1-year period	53.69%	14.36%	+39.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.65%	16.81%	+38.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.23%	16.78%	+35.45%

Dividends

NESR vs. DODEX - Dividend Comparison

NESR has not paid dividends to shareholders, while DODEX's dividend yield for the trailing twelve months is around 2.25%.

Position	TTM	2025	2024	2023	2022	2021
DODEX Dodge & Cox Emerging Markets Stock Fund	2.25%	2.83%	1.94%	1.92%	1.93%	1.38%
NESR National Energy Services Reunited Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NESR and DODEX in my portfolio?

NESR and DODEX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NESR or DODEX?

NESR has higher volatility (15.18%) compared to DODEX (5.09%). In terms of maximum drawdown, NESR dropped -83.12% vs DODEX's -37.01%.

Which has better risk-adjusted returns?

NESR currently has the higher Sharpe Ratio (6.02 vs 3.96), 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.