NOAH vs. OII

Last updated Jun 23, 2026

NOAH (Noah Holdings Limited) and OII (Oceaneering International, Inc.) are both stocks. NOAH operates in Asset Management (Financial Services), while OII operates in Oil & Gas Equipment & Services (Energy). Over the past 10 years, NOAH returned -4.34%/yr vs 2.12%/yr for OII. At a 0.22 correlation, their price movements are largely independent.

Performance

NOAH vs. OII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Noah Holdings Limited (NOAH) and Oceaneering International, Inc. (OII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NOAH achieves a 2.59% return, which is significantly lower than OII's 50.60% return. Over the past 10 years, NOAH has underperformed OII with an annualized return of -4.34%, while OII has yielded a comparatively higher 2.12% annualized return.

NOAH

• 1D: 1.08%
• 1M: 2.90%
• YTD: 2.59%
• 6M: 6.96%
• 1Y: -4.76%
• 3Y*: 0.54%
• 5Y*: -21.34%
• 10Y*: -4.34%

OII

• 1D: 0.36%
• 1M: -6.65%
• YTD: 50.60%
• 6M: 45.69%
• 1Y: 69.59%
• 3Y*: 28.31%
• 5Y*: 16.53%
• 10Y*: 2.12%

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

NOAH vs. OII - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NOAH Noah Holdings Limited	2.59%	-5.58%	6.83%	-8.37%	-49.49%	-35.81%	35.17%	-18.35%	-6.40%	111.04%
OII Oceaneering International, Inc.	50.60%	-7.86%	22.56%	21.67%	54.64%	42.26%	-46.68%	23.22%	-42.76%	-23.73%

Correlation

The correlation between NOAH and OII is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Nov 10, 2010	0.22

Fundamentals

Market Cap NOAH : $143.83M OII : $3.64B
EPS NOAH : CN¥38.08 OII : $3.36
PE Ratio NOAH : 1.83 OII : 10.76
PS Ratio NOAH : 0.37 OII : 1.30
PB Ratio NOAH : 0.10 OII : 3.27
Total Revenue (TTM) NOAH : CN¥2.61B OII : $2.80B
Gross Profit (TTM) NOAH : CN¥2.07B OII : $560.70M
EBITDA (TTM) NOAH : CN¥683.80M OII : $380.02M

Return for Risk

NOAH vs. OII — Risk / Return Rank

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

NOAH

NOAH Risk / Return Rank: 34
NOAH Sharpe Ratio Rank: 36
NOAH Sortino Ratio Rank: 32
NOAH Omega Ratio Rank: 32
NOAH Calmar Ratio Rank: 36
NOAH Martin Ratio Rank: 35

OII

OII Risk / Return Rank: 85
OII Sharpe Ratio Rank: 84
OII Sortino Ratio Rank: 81
OII Omega Ratio Rank: 77
OII Calmar Ratio Rank: 91
OII Martin Ratio Rank: 89

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.

NOAH vs. OII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Noah Holdings Limited (NOAH) and Oceaneering International, Inc. (OII). 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.

	NOAH	OII	Difference
Sharpe ratio: Return per unit of total volatility	-0.15	1.64	-1.79
Sortino ratio: Return per unit of downside risk	0.01	2.31	-2.29
Omega ratio: Gain probability vs. loss probability	1.00	1.27	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.20	4.58	-4.79
Martin ratio: Return relative to average drawdown	-0.39	11.00	-11.38

NOAH vs. OII - Sharpe Ratio Comparison

The current NOAH Sharpe Ratio is -0.15, which is lower than the OII Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of NOAH and OII, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NOAH vs. OII - Drawdown Comparison

The maximum NOAH drawdown since its inception was -86.16%, smaller than the maximum OII drawdown of -97.37%. Use the drawdown chart below to compare losses from any high point for NOAH and OII.

Drawdown Indicators

	NOAH	OII	Difference
Max Drawdown Largest peak-to-trough decline	-86.16%	-97.37%	+11.21%
Max Drawdown (1Y) Largest decline over 1 year	-23.43%	-15.27%	-8.16%
Max Drawdown (3Y) Largest decline over 3 years	-44.80%	-47.84%	+3.04%
Max Drawdown (5Y) Largest decline over 5 years	-81.13%	-58.64%	-22.49%
Max Drawdown (10Y) Largest decline over 10 years	-86.16%	-93.29%	+7.13%
Current Drawdown Current decline from peak	-78.26%	-54.20%	-24.06%
Average Drawdown Average peak-to-trough decline	-48.97%	-38.54%	-10.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.39%	6.36%	+6.03%

Volatility

NOAH vs. OII - Volatility Comparison

The current volatility for Noah Holdings Limited (NOAH) is 8.19%, while Oceaneering International, Inc. (OII) has a volatility of 13.14%. This indicates that NOAH experiences smaller price fluctuations and is considered to be less risky than OII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NOAH	OII	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.19%	13.14%	-4.95%
Volatility (6M) Calculated over the trailing 6-month period	24.26%	33.40%	-9.14%
Volatility (1Y) Calculated over the trailing 1-year period	32.27%	42.67%	-10.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.18%	51.27%	+3.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.57%	62.88%	-12.31%

Dividends

NOAH vs. OII - Dividend Comparison

NOAH's dividend yield for the trailing twelve months is around 11.23%, while OII has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NOAH Noah Holdings Limited	11.23%	11.53%	18.15%	2.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OII Oceaneering International, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.13%	3.40%	2.88%

Financials

NOAH vs. OII - Profitability Comparison

The chart below illustrates the profitability comparison between Noah Holdings Limited and Oceaneering International, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NOAH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Noah Holdings Limited reported a gross profit of 523.29M and revenue of 625.75M. Therefore, the gross margin over that period was 83.6%.

OII - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Oceaneering International, Inc. reported a gross profit of 127.27M and revenue of 692.43M. Therefore, the gross margin over that period was 18.4%.

NOAH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Noah Holdings Limited reported an operating income of 236.44M and revenue of 625.75M, resulting in an operating margin of 37.8%.

OII - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Oceaneering International, Inc. reported an operating income of 57.79M and revenue of 692.43M, resulting in an operating margin of 8.4%.

NOAH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Noah Holdings Limited reported a net income of 124.72M and revenue of 625.75M, resulting in a net margin of 19.9%.

OII - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Oceaneering International, Inc. reported a net income of 36.11M and revenue of 692.43M, resulting in a net margin of 5.2%.

Frequently Asked Questions

Can I hold both NOAH and OII in my portfolio?

NOAH and OII have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NOAH or OII?

OII has higher volatility (13.14%) compared to NOAH (8.19%). In terms of maximum drawdown, NOAH dropped -86.16% vs OII's -97.37%.

Which has better risk-adjusted returns?

OII currently has the higher Sharpe Ratio (1.64 vs -0.15), 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.