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Harvest
Tax-loss replacement research
NE
Noble Corporation
EnergyEnergy Equipment & ServicesOil & Gas Drilling
3 stocks · 12 ETFs
data as of Aug 24, 2026
REPLACEMENT RESEARCH

Tax-loss harvesting alternatives for NE

Among the 3 Oil & Gas Drilling peers screened, VAL (Valaris) has tracked NE most closely over the past year, with a return correlation of 0.74. The strongest fund stand-in is OIH (VanEck Oil Services ETF) at 0.72 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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STOCKS

Single-name peers

TickerNameSub-industry1Y3Y5Y10Y
VALValarisOil & Gas Drilling0.740.820.79
HPHelmerich & Payne, Inc.Oil & Gas Drilling0.600.650.61
PTENPatterson-UTI Energy, Inc.Oil & Gas Drilling0.590.670.63
ETFS

Fund stand-ins

An ETF is generally not 'substantially identical' to a single stock, which is why funds are the standard wash-sale-aware replacement.

TickerNameFocusMatch1Y3Y5Y10Y
OIHVanEck Oil Services ETFOil ServicesSUB-IND0.720.810.74
IEZiShares US Oil Equipment & ServicesOil ServicesSUB-IND0.700.790.74
FENYFidelity MSCI Energy ETFEnergy SectorSECTOR0.640.710.66
VDEVanguard Energy ETFEnergy SectorSECTOR0.630.710.66
IEOiShares US Oil & Gas E&P ETFOil & Gas E&PSUB-IND0.620.700.66
XOPSPDR S&P Oil & Gas E&P ETFOil & Gas E&PSUB-IND0.620.710.67
IYEiShares US Energy ETFEnergy SectorSECTOR0.610.690.65
XLEEnergy Select Sector SPDREnergy SectorSECTOR0.600.680.64
CRAKVanEck Oil Refiners ETFOil RefinersSUB-IND0.480.560.55
AMLPAlerian MLP ETFEnergy InfrastructureINDUSTRY0.420.460.49
SPYSPDR S&P 500 ETFS&P 500BROAD0.110.420.38
VOOVanguard S&P 500 ETFS&P 500BROAD0.100.410.37
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Method: Pearson correlation of daily closing-price returns, Yahoo Finance data, series aligned by trading day, refreshed weekly. A cell is blank when overlapping history covers less than 60% of its window. Correlation is descriptive, not predictive. Wash-sale treatment depends on facts and circumstances — confirm with a tax professional. Not investment advice.