Correlation
The correlation between VAL and XES is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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.
Performance
VAL vs. XES - Performance Comparison
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Key characteristics
VAL:
-0.97
XES:
-0.84
VAL:
-1.45
XES:
-1.14
VAL:
0.83
XES:
0.85
VAL:
-0.79
XES:
-0.40
VAL:
-1.27
XES:
-1.60
VAL:
39.72%
XES:
21.89%
VAL:
52.11%
XES:
40.02%
VAL:
-63.82%
XES:
-95.65%
VAL:
-52.96%
XES:
-86.08%
Returns By Period
In the year-to-date period, VAL achieves a -14.96% return, which is significantly higher than XES's -23.68% return.
VAL
-14.96%
5.82%
-18.55%
-51.40%
-14.15%
N/A
N/A
XES
-23.68%
0.89%
-29.52%
-35.07%
-7.07%
14.25%
-13.26%
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Risk-Adjusted Performance
VAL vs. XES — Risk-Adjusted Performance Rank
VAL
XES
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.
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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 1.95%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 1.95% | 1.32% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.15% | 1.68% | 0.64% | 2.47% | 1.60% |
Drawdowns
VAL vs. XES - Drawdown Comparison
The maximum VAL drawdown since its inception was -63.82%, 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.
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Volatility
VAL vs. XES - Volatility Comparison
Valaris Limited (VAL) has a higher volatility of 14.77% compared to SPDR S&P Oil & Gas Equipment & Services ETF (XES) at 9.81%. 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.
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