OIS vs. NE
OIS (Oil States International, Inc.) and NE (Noble Corporation) are both stocks. Both are in the Energy sector — OIS in Oil & Gas Equipment & Services, NE in Oil & Gas Drilling. Over the past 5 years, OIS returned 7.46%/yr vs 17.68%/yr for NE. Their 0.60 correlation means they have sometimes moved together and sometimes differently.
Performance
OIS vs. NE - Performance Comparison
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Returns By Period
In the year-to-date period, OIS achieves a 19.79% return, which is significantly lower than NE's 53.45% return.
OIS
- 1D
- 6.99%
- 1M
- 5.05%
- 6M
- -4.25%
- YTD
- 19.79%
- 1Y
- 66.19%
- 3Y*
- 1.18%
- 5Y*
- 7.46%
- 10Y*
- -12.29%
- ALL TIME*
- 1.80%
NE
- 1D
- 2.32%
- 1M
- 11.61%
- 6M
- 21.66%
- YTD
- 53.45%
- 1Y
- 74.23%
- 3Y*
- -1.50%
- 5Y*
- 17.68%
- 10Y*
- —
- ALL TIME*
- 14.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $85.08M | $69.89M | $69.38M | |
| $5.57M | $5.32M | $6.95M |
OIS vs. NE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OIS Oil States International, Inc. | 19.79% | 33.79% | -25.48% | -8.98% | 50.10% | -33.20% |
NE Noble Corporation | 53.45% | -3.21% | -31.57% | 29.54% | 52.00% | 1.27% |
Correlation
The correlation between OIS and NE is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021 | 0.60 |
The correlation between OIS and NE has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.
Fundamentals
OIS:
$488.17M
NE:
$6.77B
OIS:
-$1.85
NE:
$1.25
OIS:
0.76
NE:
2.17
OIS:
$621.87M
NE:
$2.35B
OIS:
$76.67M
NE:
$545.37M
OIS:
-$71.74M
NE:
$805.74M
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Return for Risk
OIS vs. NE — Risk / Return Rank
OIS
NE
OIS vs. NE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oil States International, Inc. (OIS) and Noble Corporation (NE). 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.
| OIS | NE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 2.17 | -0.84 |
| Martin ratioReturn relative to average drawdown | 2.81 | 6.12 | -3.32 |
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Drawdowns
OIS vs. NE - Drawdown Comparison
The maximum OIS drawdown since its inception was -97.45%, which is greater than NE's maximum drawdown of -63.16%. Use the drawdown chart below to compare losses from any high point for OIS and NE.
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Drawdown Indicators
| OIS | NE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.45% | -63.16% | -34.29% |
Max Drawdown (1Y)Largest decline over 1 year | -47.32% | -31.06% | -16.26% |
Max Drawdown (3Y)Largest decline over 3 years | -62.90% | -63.16% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -68.72% | -63.16% | -5.56% |
Max Drawdown (10Y)Largest decline over 10 years | -95.95% | — | — |
Current DrawdownCurrent decline from peak | -87.59% | -21.17% | -66.42% |
Average DrawdownAverage peak-to-trough decline | -45.62% | -19.61% | -26.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.35% | 10.98% | +11.37% |
Volatility
OIS vs. NE - Volatility Comparison
The current volatility for Oil States International, Inc. (OIS) is 13.95%, while Noble Corporation (NE) has a volatility of 14.73%. This indicates that OIS experiences smaller price fluctuations and is considered to be less risky than NE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OIS | NE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.95% | 14.73% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 43.27% | 30.99% | +12.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.95% | 42.22% | +13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.64% | 43.88% | +15.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.11% | 43.53% | +20.58% |
Dividends
OIS vs. NE - Dividend Comparison
OIS has not paid dividends to shareholders, while NE's dividend yield for the trailing twelve months is around 4.72%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NE Noble Corporation | 4.72% | 7.08% | 5.73% | 1.45% |
OIS Oil States International, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
OIS vs. NE - Financials Comparison
This section allows you to compare key financial metrics between Oil States International, Inc. and Noble Corporation. 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
Frequently Asked Questions
OIS and NE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NE has higher volatility (14.73%) compared to OIS (13.95%). In terms of maximum drawdown, OIS dropped -97.45% vs NE's -63.16%.
NE currently has the higher Sharpe Ratio (1.60 vs 1.15), 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.
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