PDS vs. HP
PDS (Precision Drilling Corporation) and HP (Helmerich & Payne, Inc.) are both stocks. Both operate in the Oil & Gas Drilling industry within the Energy sector. Over the past 10 years, PDS returned -1.92%/yr vs -1.39%/yr for HP. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
PDS vs. HP - Performance Comparison
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Returns By Period
In the year-to-date period, PDS achieves a 16.92% return, which is significantly lower than HP's 25.84% return. Over the past 10 years, PDS has underperformed HP with an annualized return of -1.92%, while HP has yielded a comparatively higher -1.39% annualized return.
PDS
- 1D
- 0.37%
- 1M
- -13.35%
- YTD
- 16.92%
- 6M
- 23.05%
- 1Y
- 66.28%
- 3Y*
- 22.42%
- 5Y*
- 15.50%
- 10Y*
- -1.92%
HP
- 1D
- 0.39%
- 1M
- -10.76%
- YTD
- 25.84%
- 6M
- 28.48%
- 1Y
- 125.83%
- 3Y*
- 6.25%
- 5Y*
- 4.87%
- 10Y*
- -1.39%
PDS vs. HP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDS Precision Drilling Corporation | 16.92% | 17.70% | 12.49% | -29.22% | 116.48% | 114.86% | -41.11% | -19.54% | -42.38% | -44.59% |
HP Helmerich & Payne, Inc. | 25.84% | -6.27% | -7.83% | -23.21% | 115.23% | 6.19% | -44.28% | 0.49% | -22.58% | -12.25% |
Correlation
The correlation between PDS and HP is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 1996 | 0.63 |
The correlation between PDS and HP has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.
Fundamentals
PDS:
-CA$1.13
HP:
-$3.18
PDS:
0.86
HP:
0.87
PDS:
CA$1.87B
HP:
$4.09B
PDS:
CA$628.67M
HP:
$542.96M
PDS:
CA$485.48M
HP:
$584.78M
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Return for Risk
PDS vs. HP — Risk / Return Rank
PDS
HP
PDS vs. HP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Precision Drilling Corporation (PDS) and Helmerich & Payne, Inc. (HP). 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.
| PDS | HP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 8.01 | -4.37 |
| Martin ratioReturn relative to average drawdown | 12.41 | 25.11 | -12.70 |
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Drawdowns
PDS vs. HP - Drawdown Comparison
The maximum PDS drawdown since its inception was -99.16%, which is greater than HP's maximum drawdown of -85.78%. Use the drawdown chart below to compare losses from any high point for PDS and HP.
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Drawdown Indicators
| PDS | HP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.16% | -85.78% | -13.38% |
Max Drawdown (1Y)Largest decline over 1 year | -18.31% | -15.80% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -50.50% | -64.42% | +13.92% |
Max Drawdown (5Y)Largest decline over 5 years | -55.51% | -68.47% | +12.96% |
Max Drawdown (10Y)Largest decline over 10 years | -95.33% | -81.87% | -13.46% |
Current DrawdownCurrent decline from peak | -87.44% | -47.21% | -40.23% |
Average DrawdownAverage peak-to-trough decline | -69.54% | -42.06% | -27.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.47% | 5.07% | +0.40% |
Volatility
PDS vs. HP - Volatility Comparison
Precision Drilling Corporation (PDS) has a higher volatility of 14.19% compared to Helmerich & Payne, Inc. (HP) at 13.04%. This indicates that PDS's price experiences larger fluctuations and is considered to be riskier than HP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDS | HP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.19% | 13.04% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 28.23% | 28.62% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.49% | 43.57% | -7.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.45% | 48.44% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.06% | 51.36% | +7.70% |
Dividends
PDS vs. HP - Dividend Comparison
PDS has not paid dividends to shareholders, while HP's dividend yield for the trailing twelve months is around 2.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HP Helmerich & Payne, Inc. | 2.81% | 3.49% | 4.72% | 5.18% | 2.49% | 4.22% | 8.29% | 6.25% | 5.88% | 4.33% | 3.59% | 5.14% |
PDS Precision Drilling Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.11% |
Financials
PDS vs. HP - Financials Comparison
This section allows you to compare key financial metrics between Precision Drilling Corporation and Helmerich & Payne, Inc.. 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
PDS vs. HP - Profitability Comparison
PDS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Precision Drilling Corporation reported a gross profit of 81.57M and revenue of 527.41M. Therefore, the gross margin over that period was 15.5%.
HP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Helmerich & Payne, Inc. reported a gross profit of 121.07M and revenue of 1.02B. Therefore, the gross margin over that period was 11.9%.
PDS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Precision Drilling Corporation reported an operating income of 39.72M and revenue of 527.41M, resulting in an operating margin of 7.5%.
HP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Helmerich & Payne, Inc. reported an operating income of 43.98M and revenue of 1.02B, resulting in an operating margin of 4.3%.
PDS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Precision Drilling Corporation reported a net income of 17.42M and revenue of 527.41M, resulting in a net margin of 3.3%.
HP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Helmerich & Payne, Inc. reported a net income of -97.16M and revenue of 1.02B, resulting in a net margin of -9.6%.
Frequently Asked Questions
PDS and HP have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDS has higher volatility (14.19%) compared to HP (13.04%). In terms of maximum drawdown, PDS dropped -99.16% vs HP's -85.78%.
HP currently has the higher Sharpe Ratio (2.92 vs 1.83), 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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