VAL vs. XES
Compare and contrast key facts about Valaris Limited (VAL) and SPDR S&P Oil & Gas Equipment & Services ETF (XES).
XES is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Equipment & Services Select Industry Index. It was launched on Jun 19, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VAL or XES.
Key characteristics
| VAL | XES | |
|---|---|---|
| YTD Return | -27.08% | 0.03% |
| 1Y Return | -26.08% | 1.41% |
| 3Y Return (Ann) | 10.01% | 12.27% |
| Sharpe Ratio | -0.65 | 0.05 |
| Sortino Ratio | -0.77 | 0.27 |
| Omega Ratio | 0.91 | 1.03 |
| Calmar Ratio | -0.63 | 0.02 |
| Martin Ratio | -1.45 | 0.14 |
| Ulcer Index | 17.03% | 10.09% |
| Daily Std Dev | 37.81% | 29.68% |
| Max Drawdown | -39.45% | -95.65% |
| Current Drawdown | -37.48% | -80.71% |
Correlation
The correlation between VAL and XES is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VAL vs. XES - Performance Comparison
In the year-to-date period, VAL achieves a -27.08% return, which is significantly lower than XES's 0.03% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
VAL vs. XES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valaris Limited (VAL) 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.
Dividends
VAL vs. XES - Dividend Comparison
VAL has not paid dividends to shareholders, while XES's dividend yield for the trailing twelve months is around 1.13%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.13% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.15% | 1.68% | 0.64% | 2.47% | 1.60% | 0.63% |
Drawdowns
VAL vs. XES - Drawdown Comparison
The maximum VAL drawdown since its inception was -39.45%, smaller than the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for VAL and XES. For additional features, visit the drawdowns tool.
Volatility
VAL vs. XES - Volatility Comparison
Valaris Limited (VAL) has a higher volatility of 11.95% compared to SPDR S&P Oil & Gas Equipment & Services ETF (XES) at 11.17%. This indicates that VAL'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.