SDRL vs. SLB
SDRL (Seadrill Limited) and SLB (SLB N.V.) are both stocks. Both are in the Energy sector — SDRL in Oil & Gas Drilling, SLB in Oil & Gas Equipment & Services. Over the past 3 years, SDRL returned -1.68%/yr vs -3.65%/yr for SLB. At a 0.49 correlation, their price movements are largely independent.
Performance
SDRL vs. SLB - Performance Comparison
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Returns By Period
In the year-to-date period, SDRL achieves a 22.14% return, which is significantly lower than SLB's 24.78% return.
SDRL
- 1D
- 4.37%
- 1M
- -4.50%
- 6M
- 25.62%
- YTD
- 22.14%
- 1Y
- 38.56%
- 3Y*
- -1.68%
- 5Y*
- —
- 10Y*
- —
SLB
- 1D
- -0.84%
- 1M
- -15.70%
- 6M
- 6.07%
- YTD
- 24.78%
- 1Y
- 30.40%
- 3Y*
- -3.65%
- 5Y*
- 12.33%
- 10Y*
- -2.27%
SDRL vs. SLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SDRL Seadrill Limited | 22.14% | -11.12% | -17.66% | 44.85% | 25.54% |
SLB SLB N.V. | 24.78% | 3.27% | -24.47% | -0.78% | 21.39% |
Correlation
The correlation between SDRL and SLB is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2022 | 0.49 |
The correlation between SDRL and SLB has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
Fundamentals
SDRL:
$2.64B
SLB:
$70.81B
SDRL:
-$0.38
SLB:
$3.33
SDRL:
1.84
SLB:
1.31
SDRL:
$1.45B
SLB:
$35.94B
SDRL:
$240.00M
SLB:
$4.90B
SDRL:
$285.00M
SLB:
$5.30B
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Return for Risk
SDRL vs. SLB — Risk / Return Rank
SDRL
SLB
SDRL vs. SLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Seadrill Limited (SDRL) and SLB N.V. (SLB). 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.
| SDRL | SLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.17 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.37 | -0.13 |
| Martin ratioReturn relative to average drawdown | 3.79 | 4.39 | -0.61 |
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Drawdowns
SDRL vs. SLB - Drawdown Comparison
The maximum SDRL drawdown since its inception was -66.14%, smaller than the maximum SLB drawdown of -87.64%. Use the drawdown chart below to compare losses from any high point for SDRL and SLB.
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Drawdown Indicators
| SDRL | SLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.14% | -87.64% | +21.50% |
Max Drawdown (1Y)Largest decline over 1 year | -31.20% | -22.27% | -8.93% |
Max Drawdown (3Y)Largest decline over 3 years | -66.14% | -46.63% | -19.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.29% | — |
Current DrawdownCurrent decline from peak | -23.64% | -43.96% | +20.32% |
Average DrawdownAverage peak-to-trough decline | -23.03% | -31.20% | +8.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.24% | 7.45% | +2.79% |
Volatility
SDRL vs. SLB - Volatility Comparison
Seadrill Limited (SDRL) has a higher volatility of 14.59% compared to SLB N.V. (SLB) at 9.80%. This indicates that SDRL's price experiences larger fluctuations and is considered to be riskier than SLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDRL | SLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.59% | 9.80% | +4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 29.46% | 24.82% | +4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.33% | 33.93% | +8.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.35% | 37.56% | +4.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.35% | 40.50% | +1.85% |
Dividends
SDRL vs. SLB - Dividend Comparison
SDRL has not paid dividends to shareholders, while SLB's dividend yield for the trailing twelve months is around 2.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDRL Seadrill Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLB SLB N.V. | 2.45% | 2.97% | 2.87% | 1.92% | 1.22% | 2.09% | 4.01% | 4.98% | 5.54% | 2.97% | 2.38% | 2.87% |
Financials
SDRL vs. SLB - Financials Comparison
This section allows you to compare key financial metrics between Seadrill Limited and SLB N.V.. 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
SDRL vs. SLB - Profitability Comparison
SDRL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Seadrill Limited reported a gross profit of 50.00M and revenue of 358.00M. Therefore, the gross margin over that period was 14.0%.
SLB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, SLB N.V. reported a gross profit of 0.00 and revenue of 8.72B. Therefore, the gross margin over that period was 0.0%.
SDRL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Seadrill Limited reported an operating income of 25.00M and revenue of 358.00M, resulting in an operating margin of 7.0%.
SLB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, SLB N.V. reported an operating income of 0.00 and revenue of 8.72B, resulting in an operating margin of 0.0%.
SDRL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Seadrill Limited reported a net income of 39.00M and revenue of 358.00M, resulting in a net margin of 10.9%.
SLB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, SLB N.V. reported a net income of 752.00M and revenue of 8.72B, resulting in a net margin of 8.6%.
Frequently Asked Questions
SDRL and SLB have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDRL has higher volatility (14.59%) compared to SLB (9.80%). In terms of maximum drawdown, SDRL dropped -66.14% vs SLB's -87.64%.
SDRL currently has the higher Sharpe Ratio (0.92 vs 0.90), 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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