VAL vs. RIG

Last updated Jun 26, 2026

VAL (Valaris Limited) and RIG (Transocean Ltd.) are both stocks. Both are in the Energy sector — VAL in Oil & Gas Equipment & Services, RIG in Oil & Gas Drilling. Over the past 5 years, VAL returned 21.50%/yr vs 3.25%/yr for RIG. A 0.76 correlation means they provide meaningful diversification when combined.

Performance

VAL vs. RIG - Performance Comparison

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

Returns By Period

In the year-to-date period, VAL achieves a 53.43% return, which is significantly higher than RIG's 26.15% return.

VAL

• 1D: 2.40%
• 1M: -19.72%
• YTD: 53.43%
• 6M: 55.44%
• 1Y: 84.03%
• 3Y*: 9.99%
• 5Y*: 21.50%
• 10Y*: —

RIG

• 1D: 3.37%
• 1M: -19.60%
• YTD: 26.15%
• 6M: 29.93%
• 1Y: 97.35%
• 3Y*: -6.04%
• 5Y*: 3.25%
• 10Y*: -6.86%

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

VAL vs. RIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VAL Valaris Limited	53.43%	13.92%	-35.48%	1.40%	87.83%	63.71%
RIG Transocean Ltd.	26.15%	10.13%	-40.94%	39.25%	65.22%	-14.29%

Correlation

The correlation between VAL and RIG is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since May 3, 2021	0.76

The correlation between VAL and RIG has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.

Fundamentals

Market Cap VAL : $5.35B RIG : $5.86B
EPS VAL : $14.28 RIG : -$2.85
PS Ratio VAL : 2.46 RIG : 1.65
PB Ratio VAL : 1.69 RIG : 0.71
Total Revenue (TTM) VAL : $2.21B RIG : $3.06B
Gross Profit (TTM) VAL : $493.00M RIG : $1.97B
EBITDA (TTM) VAL : $577.30M RIG : -$2.10B

Return for Risk

VAL vs. RIG — Risk / Return Rank

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

VAL

VAL Risk / Return Rank: 83
VAL Sharpe Ratio Rank: 82
VAL Sortino Ratio Rank: 83
VAL Omega Ratio Rank: 82
VAL Calmar Ratio Rank: 81
VAL Martin Ratio Rank: 86

RIG

RIG Risk / Return Rank: 85
RIG Sharpe Ratio Rank: 87
RIG Sortino Ratio Rank: 83
RIG Omega Ratio Rank: 82
RIG Calmar Ratio Rank: 84
RIG Martin Ratio Rank: 90

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.

VAL vs. RIG - Risk-Adjusted Trends Comparison

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

	VAL	RIG	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.79	-0.39
Sortino ratio: Return per unit of downside risk	2.36	2.34	+0.01
Omega ratio: Gain probability vs. loss probability	1.30	1.30	0.00
Calmar ratio: Return relative to maximum drawdown	2.53	2.92	-0.39
Martin ratio: Return relative to average drawdown	8.59	10.93	-2.34

VAL vs. RIG - Sharpe Ratio Comparison

The current VAL Sharpe Ratio is 1.40, which is comparable to the RIG Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of VAL and RIG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VAL vs. RIG - Drawdown Comparison

The maximum VAL drawdown since its inception was -63.82%, smaller than the maximum RIG drawdown of -99.47%. Use the drawdown chart below to compare losses from any high point for VAL and RIG.

Drawdown Indicators

	VAL	RIG	Difference
Max Drawdown Largest peak-to-trough decline	-63.82%	-99.47%	+35.65%
Max Drawdown (1Y) Largest decline over 1 year	-33.42%	-33.51%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	-63.82%	-75.80%	+11.98%
Max Drawdown (5Y) Largest decline over 5 years	-63.82%	-75.80%	+11.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-95.77%	—
Current Drawdown Current decline from peak	-31.82%	-95.90%	+64.08%
Average Drawdown Average peak-to-trough decline	-18.83%	-57.20%	+38.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.82%	8.94%	+0.88%

Volatility

VAL vs. RIG - Volatility Comparison

The current volatility for Valaris Limited (VAL) is 12.65%, while Transocean Ltd. (RIG) has a volatility of 13.35%. This indicates that VAL experiences smaller price fluctuations and is considered to be less risky than RIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VAL	RIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.65%	13.35%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	47.74%	38.80%	+8.94%
Volatility (1Y) Calculated over the trailing 1-year period	60.21%	54.60%	+5.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.88%	62.49%	-12.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.41%	74.53%	-24.12%

Dividends

VAL vs. RIG - Dividend Comparison

Neither VAL nor RIG has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VAL Valaris 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%

Financials

Frequently Asked Questions

Can I hold both VAL and RIG in my portfolio?

VAL and RIG have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VAL or RIG?

RIG has higher volatility (13.35%) compared to VAL (12.65%). In terms of maximum drawdown, VAL dropped -63.82% vs RIG's -99.47%.

Which has better risk-adjusted returns?

RIG currently has the higher Sharpe Ratio (1.79 vs 1.40), 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.