SDRL vs VAL: Correlation
How closely do Seadrill Limited (SDRL) and Valaris Limited (VAL) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SDRL and VAL?
Across a 3-year window, the weekly returns of SDRL and VAL correlate at 0.70, strong. The past 12 months show a weaker link (0.57) than the 3-year average (0.70). Stretching to 5 years gives 0.69, with an annualized covariance of 1441.7 %².
VAL is one of the assets that tracks SDRL most closely: it ranks #3 out of the 15 assets we track against SDRL. Correlation aside, the last 12 months split them widely, with VAL ahead by 22.0 points (+51.3% versus +73.3%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
SDRL vs VAL: side by side
| SDRL (Seadrill Limited) | VAL (Valaris Limited) | |
|---|---|---|
| 1-year return | +51.3% | +73.3% |
| 5-year return | n/a | +200.2% |
| Volatility (ann.) | 38.9% | 52.9% |
| Beta vs S&P 500 | 0.91 | 0.77 |
| Max drawdown (3Y) | -66.1% | -63.8% |
| Market cap | $3.0B | $5.9B |
| P/E (trailing) | 1612.7 | 6.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SDRL | VAL |
|---|---|---|
| 2022 | – | +87.8% |
| 2023 | +44.9% | +1.4% |
| 2024 | -17.7% | -35.5% |
| 2025 | -11.1% | +13.9% |
| 2026 | +39.8% | +69.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SDRL and VAL good diversifiers for each other?
Only partially. A correlation of 0.70 means SDRL and VAL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between SDRL and VAL?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.57 over the last year and 0.69 over 5 years.
Is VAL a good diversifier for SDRL?
Only partially. A correlation of 0.70 means SDRL and VAL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
A reading of 0.70 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sdrl-vs-val.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sdrl-vs-val/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SDRL correlations · VAL correlations
