RIG vs. CODI
RIG (Transocean Ltd.) and CODI (Compass Diversified) are both stocks. RIG operates in Oil & Gas Drilling (Energy), while CODI operates in Conglomerates (Industrials). Over the past 10 years, RIG returned -4.45%/yr vs 2.08%/yr for CODI. At a 0.27 correlation, their price movements are largely independent.
Performance
RIG vs. CODI - Performance Comparison
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Returns By Period
In the year-to-date period, RIG achieves a 49.64% return, which is significantly lower than CODI's 122.71% return. Over the past 10 years, RIG has underperformed CODI with an annualized return of -4.45%, while CODI has yielded a comparatively higher 2.08% annualized return.
RIG
- 1D
- -1.12%
- 1M
- -10.17%
- YTD
- 49.64%
- 6M
- 38.88%
- 1Y
- 127.21%
- 3Y*
- -2.07%
- 5Y*
- 6.93%
- 10Y*
- -4.45%
CODI
- 1D
- -2.64%
- 1M
- -9.18%
- YTD
- 122.71%
- 6M
- 46.44%
- 1Y
- 53.81%
- 3Y*
- -16.75%
- 5Y*
- -12.52%
- 10Y*
- 2.08%
RIG vs. CODI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RIG Transocean Ltd. | 49.64% | 10.13% | -40.94% | 39.25% | 65.22% | 19.48% | -66.42% | -0.86% | -35.02% | -27.54% |
CODI Compass Diversified | 122.71% | -78.64% | 7.53% | 29.38% | -37.72% | 71.52% | -15.53% | 116.86% | -20.11% | 2.77% |
Correlation
The correlation between RIG and CODI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 19, 2006 | 0.27 |
Fundamentals
RIG:
$6.95B
CODI:
$804.27M
RIG:
-$2.85
CODI:
-$3.02
RIG:
1.96
CODI:
0.44
RIG:
0.85
CODI:
2.01
RIG:
$3.06B
CODI:
$1.85B
RIG:
$1.97B
CODI:
$714.56M
RIG:
-$2.10B
CODI:
-$10.06M
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Return for Risk
RIG vs. CODI — Risk / Return Rank
RIG
CODI
RIG vs. CODI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transocean Ltd. (RIG) and Compass Diversified (CODI). 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.
| RIG | CODI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 5.52 | 1.18 | +4.34 |
| Martin ratioReturn relative to average drawdown | 14.32 | 2.61 | +11.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RIG | CODI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 0.78 | +1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | -0.24 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | 0.05 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.16 | -0.17 |
Drawdowns
RIG vs. CODI - Drawdown Comparison
The maximum RIG drawdown since its inception was -99.47%, which is greater than CODI's maximum drawdown of -83.30%. Use the drawdown chart below to compare losses from any high point for RIG and CODI.
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Drawdown Indicators
| RIG | CODI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.47% | -83.30% | -16.17% |
Max Drawdown (1Y)Largest decline over 1 year | -23.19% | -45.93% | +22.74% |
Max Drawdown (3Y)Largest decline over 3 years | -75.80% | -80.32% | +4.52% |
Max Drawdown (5Y)Largest decline over 5 years | -75.80% | -83.30% | +7.50% |
Max Drawdown (10Y)Largest decline over 10 years | -95.77% | -83.30% | -12.47% |
Current DrawdownCurrent decline from peak | -95.13% | -61.61% | -33.52% |
Average DrawdownAverage peak-to-trough decline | -57.14% | -17.22% | -39.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.92% | 20.66% | -11.74% |
Volatility
RIG vs. CODI - Volatility Comparison
Transocean Ltd. (RIG) has a higher volatility of 17.56% compared to Compass Diversified (CODI) at 8.13%. This indicates that RIG's price experiences larger fluctuations and is considered to be riskier than CODI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIG | CODI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.56% | 8.13% | +9.43% |
Volatility (6M)Calculated over the trailing 6-month period | 37.66% | 52.61% | -14.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.19% | 69.58% | -14.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.73% | 51.50% | +11.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.70% | 42.18% | +32.52% |
Dividends
RIG vs. CODI - Dividend Comparison
Neither RIG nor CODI has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CODI Compass Diversified | 0.00% | 10.42% | 4.33% | 4.45% | 5.49% | 7.59% | 7.40% | 5.79% | 11.57% | 8.50% | 8.04% | 9.06% |
RIG Transocean Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 8.48% |
Financials
RIG vs. CODI - Financials Comparison
This section allows you to compare key financial metrics between Transocean Ltd. and Compass Diversified. 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
RIG and CODI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIG has higher volatility (17.56%) compared to CODI (8.13%). In terms of maximum drawdown, RIG dropped -99.47% vs CODI's -83.30%.
RIG currently has the higher Sharpe Ratio (2.33 vs 0.78), 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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