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RIG vs. NE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between RIG and NE is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

RIG vs. NE

Last updated May 25, 2025

Compare and contrast key facts about Transocean Ltd. (RIG) and Noble Corporation (NE).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RIG or NE.

Performance

RIG vs. NE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transocean Ltd. (RIG) and Noble Corporation (NE). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

RIG:

-0.94

NE:

-0.95

Sortino Ratio

RIG:

-1.57

NE:

-1.50

Omega Ratio

RIG:

0.82

NE:

0.82

Calmar Ratio

RIG:

-0.61

NE:

-0.75

Martin Ratio

RIG:

-1.57

NE:

-1.43

Ulcer Index

RIG:

37.99%

NE:

33.33%

Daily Std Dev

RIG:

60.80%

NE:

47.94%

Max Drawdown

RIG:

-99.48%

NE:

-63.16%

Current Drawdown

RIG:

-98.06%

NE:

-53.00%

Fundamentals

Market Cap

RIG:

$2.20B

NE:

$3.73B

EPS

RIG:

-$0.98

NE:

$2.97

PS Ratio

RIG:

0.60

NE:

1.19

PB Ratio

RIG:

0.21

NE:

0.80

Total Revenue (TTM)

RIG:

$3.67B

NE:

$3.30B

Gross Profit (TTM)

RIG:

$2.50B

NE:

$967.33M

EBITDA (TTM)

RIG:

$627.00M

NE:

$1.16B

Returns By Period

In the year-to-date period, RIG achieves a -33.60% return, which is significantly lower than NE's -23.54% return.

RIG

YTD

-33.60%

1M

8.73%

6M

-44.30%

1Y

-56.85%

3Y*

-15.25%

5Y*

11.73%

10Y*

-18.37%

NE

YTD

-23.54%

1M

12.99%

6M

-31.16%

1Y

-44.98%

3Y*

-8.65%

5Y*

N/A

10Y*

N/A

*Annualized

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Transocean Ltd.

Noble Corporation

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

RIG vs. NE — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RIG
The Risk-Adjusted Performance Rank of RIG is 77
Overall Rank
The Sharpe Ratio Rank of RIG is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of RIG is 55
Sortino Ratio Rank
The Omega Ratio Rank of RIG is 77
Omega Ratio Rank
The Calmar Ratio Rank of RIG is 1313
Calmar Ratio Rank
The Martin Ratio Rank of RIG is 55
Martin Ratio Rank
NE
The Risk-Adjusted Performance Rank of NE is 77
Overall Rank
The Sharpe Ratio Rank of NE is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of NE is 66
Sortino Ratio Rank
The Omega Ratio Rank of NE is 77
Omega Ratio Rank
The Calmar Ratio Rank of NE is 77
Calmar Ratio Rank
The Martin Ratio Rank of NE is 99
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

RIG vs. NE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Transocean Ltd. (RIG) 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.

The current RIG Sharpe Ratio is -0.94, which is comparable to the NE Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of RIG and NE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

RIG vs. NE - Dividend Comparison

RIG has not paid dividends to shareholders, while NE's dividend yield for the trailing twelve months is around 8.09%.

TTM20242023202220212020201920182017201620152014
RIG
Transocean Ltd.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%8.48%15.33%
NE
Noble Corporation		8.09%5.73%1.45%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

RIG vs. NE - Drawdown Comparison

The maximum RIG drawdown since its inception was -99.48%, which is greater than NE's maximum drawdown of -63.16%. Use the drawdown chart below to compare losses from any high point for RIG and NE.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

RIG vs. NE - Volatility Comparison

Transocean Ltd. (RIG) has a higher volatility of 18.74% compared to Noble Corporation (NE) at 11.70%. This indicates that RIG's price experiences larger fluctuations and is considered to be riskier than NE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Financials

RIG vs. NE - Financials Comparison

This section allows you to compare key financial metrics between Transocean Ltd. 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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

200.00M400.00M600.00M800.00M1.00B20212022202320242025
906.00M
874.49M
(RIG) Total Revenue
(NE) Total Revenue
Values in USD except per share items

RIG vs. NE - Profitability Comparison

The chart below illustrates the profitability comparison between Transocean Ltd. and Noble Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
0.0%20.0%40.0%60.0%80.0%20212022202320242025
31.8%
41.8%
(RIG) Gross Margin
(NE) Gross Margin
RIG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Transocean Ltd. reported a gross profit of 288.00M and revenue of 906.00M. Therefore, the gross margin over that period was 31.8%.

NE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Noble Corporation reported a gross profit of 365.68M and revenue of 874.49M. Therefore, the gross margin over that period was 41.8%.

RIG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Transocean Ltd. reported an operating income of 64.00M and revenue of 906.00M, resulting in an operating margin of 7.1%.

NE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Noble Corporation reported an operating income of 187.34M and revenue of 874.49M, resulting in an operating margin of 21.4%.

RIG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Transocean Ltd. reported a net income of -79.00M and revenue of 906.00M, resulting in a net margin of -8.7%.

NE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Noble Corporation reported a net income of 108.30M and revenue of 874.49M, resulting in a net margin of 12.4%.