GTES vs NE
Comparison between Gates Industrial Corporation Ltd (GTES, Company) and Noble Corp Plc - Class A (NE, Company).
GTES is from the Industrials sector, while NE is from the Energy sector.
GTES vs NE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GTES vs NE - Historical Returns
Returns include dividend reinvestment.
GTES vs NE - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | GTES | NE |
|---|---|---|
| 2026 | +7.67% | +56.04% |
| 2025 | N/A | -7.82% |
| 2024 | N/A | -31.71% |
| 2023 | N/A | +35.29% |
| 2022 | N/A | +44.26% |
| 2021 | N/A | +0.24% |
GTES vs NE Drawdown Comparison
The maximum drawdown for GTES was -9.08%, occurring on Jul 29, 2026. Recovery took 7 trading sessions.
The maximum drawdown for NE was -63.19%, occurring on Apr 4, 2025. Recovery took 629 trading sessions.
The current GTES drawdown is -7.27%. The current NE drawdown is -17.67%.
| Rank | GTES | NE |
|---|---|---|
| #1 | -9.08% Jul 22, 2026 - Jul 31, 2026 | -63.19% Sep 12, 2023 - Mar 17, 2026 |
| #2 | -7.27% Aug 4, 2026 - Aug 13, 2026 | -37.76% Jun 8, 2022 - Nov 4, 2022 |
| #3 | N/A | -31.07% May 18, 2026 - Jul 1, 2026 |
| #4 | N/A | -21.86% Mar 6, 2023 - Jul 7, 2023 |
| #5 | N/A | -21.50% Nov 8, 2021 - Mar 3, 2022 |
| #6 | N/A | -19.81% Jul 2, 2021 - Sep 2, 2021 |
| #7 | N/A | -16.61% Mar 25, 2022 - May 26, 2022 |
| #8 | N/A | -16.44% Nov 11, 2022 - Feb 8, 2023 |
| #9 | N/A | -12.61% Feb 14, 2023 - Mar 2, 2023 |
| #10 | N/A | -11.66% Sep 15, 2021 - Nov 8, 2021 |
| #11 | N/A | -9.55% Apr 27, 2026 - May 18, 2026 |
| #12 | N/A | -8.25% Mar 11, 2022 - Mar 21, 2022 |
| #13 | N/A | -8.12% Apr 7, 2026 - Apr 27, 2026 |
| #14 | N/A | -5.40% Mar 7, 2022 - Mar 11, 2022 |
| #15 | N/A | -5.38% Aug 11, 2023 - Sep 1, 2023 |
Correlation
Correlation between GTES and NE is -1.00 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.
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