TDW vs. XES
TDW (Tidewater Inc.) is a stock, while XES (SPDR S&P Oil & Gas Equipment & Services ETF) is Energy Equities fund tracking the S&P Oil & Gas Equipment & Services Select Industry Index. Over the past 10 years, TDW returned -4.85%/yr vs -2.88%/yr for XES. Their 0.72 correlation means they have sometimes moved together and sometimes differently.
Performance
TDW vs. XES - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TDW achieves a 48.60% return, which is significantly higher than XES's 36.38% return. Over the past 10 years, TDW has underperformed XES with an annualized return of -4.85%, while XES has yielded a comparatively higher -2.88% annualized return.
TDW
- 1D
- 2.15%
- 1M
- 11.98%
- 6M
- 20.12%
- YTD
- 48.60%
- 1Y
- 50.09%
- 3Y*
- 6.38%
- 5Y*
- 45.99%
- 10Y*
- -4.85%
- ALL TIME*
- -0.63%
XES
- 1D
- 3.09%
- 1M
- 2.89%
- 6M
- 12.93%
- YTD
- 36.38%
- 1Y
- 68.96%
- 3Y*
- 7.20%
- 5Y*
- 17.17%
- 10Y*
- -2.88%
- ALL TIME*
- -3.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $41.43M | $47.11M | $55.89M | |
| $5.46M | $8.52M | $12.51M |
TDW vs. XES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDW Tidewater Inc. | 48.60% | -7.68% | -24.13% | 95.69% | 244.07% | 23.96% | -55.14% | 0.78% | -21.60% | -77.81% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 36.38% | 5.89% | -5.44% | 6.68% | 62.03% | 12.00% | -43.38% | -9.00% | -46.99% | -21.93% |
Correlation
The correlation between TDW and XES is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006 | 0.72 |
The correlation between TDW and XES has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TDW vs. XES — Risk / Return Rank
TDW
XES
TDW vs. XES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tidewater Inc. (TDW) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). 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.
| TDW | XES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.35 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 3.23 | -1.50 |
| Martin ratioReturn relative to average drawdown | 3.60 | 10.31 | -6.71 |
Loading charts...
Drawdowns
TDW vs. XES - Drawdown Comparison
The maximum TDW drawdown since its inception was -99.80%, roughly equal to the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for TDW and XES.
Loading charts...
Drawdown Indicators
| TDW | XES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.80% | -95.65% | -4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -29.10% | -21.48% | -7.62% |
Max Drawdown (3Y)Largest decline over 3 years | -70.35% | -45.95% | -24.40% |
Max Drawdown (5Y)Largest decline over 5 years | -70.35% | -45.95% | -24.40% |
Max Drawdown (10Y)Largest decline over 10 years | -97.27% | -91.23% | -6.04% |
Current DrawdownCurrent decline from peak | -96.37% | -73.66% | -22.71% |
Average DrawdownAverage peak-to-trough decline | -49.15% | -54.50% | +5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.96% | 6.73% | +7.23% |
Volatility
TDW vs. XES - Volatility Comparison
Tidewater Inc. (TDW) has a higher volatility of 11.22% compared to SPDR S&P Oil & Gas Equipment & Services ETF (XES) at 9.34%. This indicates that TDW's price experiences larger fluctuations and is considered to be riskier than XES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TDW | XES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.22% | 9.34% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 30.87% | 21.60% | +9.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.11% | 30.74% | +23.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.29% | 38.63% | +14.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.15% | 44.85% | +21.30% |
Dividends
TDW vs. XES - Dividend Comparison
TDW has not paid dividends to shareholders, while XES's dividend yield for the trailing twelve months is around 1.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDW Tidewater Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.00% | 0.00% | 0.04% | 0.00% | 14.37% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.17% | 1.69% | 1.31% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.14% | 1.68% | 0.64% | 2.47% |
Frequently Asked Questions
TDW and XES have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDW has higher volatility (11.22%) compared to XES (9.34%). In terms of maximum drawdown, TDW dropped -99.80% vs XES's -95.65%.
XES currently has the higher Sharpe Ratio (2.26 vs 0.93), 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.
Find the right allocation for TDW and XES
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer