RIG vs. NNN

Last updated Jun 4, 2026

RIG (Transocean Ltd.) and NNN (National Retail Properties, Inc.) are both stocks. RIG operates in Oil & Gas Drilling (Energy), while NNN operates in REIT - Retail (Real Estate). Over the past 10 years, RIG returned -4.45%/yr vs 4.44%/yr for NNN. At a 0.15 correlation, their price movements are largely independent.

Performance

RIG vs. NNN - Performance Comparison

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

Returns By Period

In the year-to-date period, RIG achieves a 49.64% return, which is significantly higher than NNN's 14.71% return. Over the past 10 years, RIG has underperformed NNN with an annualized return of -4.45%, while NNN has yielded a comparatively higher 4.44% 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%

NNN

• 1D: 0.84%
• 1M: 0.30%
• YTD: 14.71%
• 6M: 10.58%
• 1Y: 12.62%
• 3Y*: 6.64%
• 5Y*: 3.52%
• 10Y*: 4.44%

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

RIG vs. NNN - 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%
NNN National Retail Properties, Inc.	14.71%	2.81%	-0.06%	-0.60%	-0.01%	23.08%	-19.29%	14.78%	17.82%	2.00%

Correlation

The correlation between RIG and NNN is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jun 1, 1993	0.15

The correlation between RIG and NNN shifts across timeframes, from 0.02 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap RIG : $6.95B NNN : $8.37B
EPS RIG : -$2.85 NNN : $2.05
PS Ratio RIG : 1.96 NNN : 8.90
PB Ratio RIG : 0.85 NNN : 1.90
Total Revenue (TTM) RIG : $3.06B NNN : $935.78M
Gross Profit (TTM) RIG : $1.97B NNN : $761.54M
EBITDA (TTM) RIG : -$2.10B NNN : $870.06M

Return for Risk

RIG vs. NNN — Risk / Return Rank

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

RIG

RIG Risk / Return Rank: 89
RIG Sharpe Ratio Rank: 90
RIG Sortino Ratio Rank: 85
RIG Omega Ratio Rank: 84
RIG Calmar Ratio Rank: 92
RIG Martin Ratio Rank: 92

NNN

NNN Risk / Return Rank: 62
NNN Sharpe Ratio Rank: 65
NNN Sortino Ratio Rank: 57
NNN Omega Ratio Rank: 55
NNN Calmar Ratio Rank: 67
NNN Martin Ratio Rank: 67

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.

RIG vs. NNN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transocean Ltd. (RIG) and National Retail Properties, Inc. (NNN). 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	NNN	Difference
Sharpe ratio Return per unit of total volatility	2.33	0.78	+1.56
Sortino ratio Return per unit of downside risk	2.78	1.17	+1.61
Omega ratio Gain probability vs. loss probability	1.35	1.14	+0.21
Calmar ratio Return relative to maximum drawdown	5.52	1.44	+4.08
Martin ratio Return relative to average drawdown	14.32	3.31	+11.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RIG vs. NNN - Sharpe Ratio Comparison

The current RIG Sharpe Ratio is 2.33, which is higher than the NNN Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of RIG and NNN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RIG	NNN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	0.78	+1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.18	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.06	0.16	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.40	-0.42

Drawdowns

RIG vs. NNN - Drawdown Comparison

The maximum RIG drawdown since its inception was -99.47%, which is greater than NNN's maximum drawdown of -56.17%. Use the drawdown chart below to compare losses from any high point for RIG and NNN.

Drawdown Indicators

	RIG	NNN	Difference
Max Drawdown Largest peak-to-trough decline	-99.47%	-56.17%	-43.30%
Max Drawdown (1Y) Largest decline over 1 year	-23.19%	-8.83%	-14.36%
Max Drawdown (3Y) Largest decline over 3 years	-75.80%	-22.03%	-53.77%
Max Drawdown (5Y) Largest decline over 5 years	-75.80%	-25.22%	-50.58%
Max Drawdown (10Y) Largest decline over 10 years	-95.77%	-54.99%	-40.78%
Current Drawdown Current decline from peak	-95.13%	-2.45%	-92.68%
Average Drawdown Average peak-to-trough decline	-57.14%	-9.82%	-47.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.92%	3.82%	+5.10%

Volatility

RIG vs. NNN - Volatility Comparison

Transocean Ltd. (RIG) has a higher volatility of 17.56% compared to National Retail Properties, Inc. (NNN) at 4.61%. This indicates that RIG's price experiences larger fluctuations and is considered to be riskier than NNN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIG	NNN	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.56%	4.61%	+12.95%
Volatility (6M) Calculated over the trailing 6-month period	37.66%	11.44%	+26.22%
Volatility (1Y) Calculated over the trailing 1-year period	55.19%	16.32%	+38.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.73%	19.66%	+43.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.70%	28.08%	+46.62%

Dividends

RIG vs. NNN - Dividend Comparison

RIG has not paid dividends to shareholders, while NNN's dividend yield for the trailing twelve months is around 5.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NNN National Retail Properties, Inc.	5.43%	5.96%	5.61%	5.17%	4.72%	4.37%	5.06%	3.79%	4.02%	4.31%	4.03%	4.27%
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

Frequently Asked Questions

Can I hold both RIG and NNN in my portfolio?

RIG and NNN have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RIG or NNN?

RIG has higher volatility (17.56%) compared to NNN (4.61%). In terms of maximum drawdown, RIG dropped -99.47% vs NNN's -56.17%.

Which has better risk-adjusted returns?

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.