AGF-B.TO vs. HVRRY
AGF-B.TO (AGF Management Ltd) and HVRRY (Hannover Re) are both stocks. Both are in the Financial Services sector — AGF-B.TO in Asset Management, HVRRY in Insurance - Reinsurance. Over the past 10 years, AGF-B.TO returned 20.13%/yr vs 14.82%/yr for HVRRY. At a 0.19 correlation, their price movements are largely independent.
Performance
AGF-B.TO vs. HVRRY - Performance Comparison
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Different Trading Currencies
AGF-B.TO is traded in CAD, while HVRRY is traded in USD. To make them comparable, the HVRRY values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AGF-B.TO achieves a 16.80% return, which is significantly higher than HVRRY's -9.27% return. Over the past 10 years, AGF-B.TO has outperformed HVRRY with an annualized return of 20.13%, while HVRRY has yielded a comparatively lower 14.82% annualized return.
AGF-B.TO
- 1D
- 2.75%
- 1M
- 13.67%
- YTD
- 16.80%
- 6M
- 20.73%
- 1Y
- 55.43%
- 3Y*
- 43.04%
- 5Y*
- 25.44%
- 10Y*
- 20.13%
HVRRY
- 1D
- -1.08%
- 1M
- -2.15%
- YTD
- -9.27%
- 6M
- -7.67%
- 1Y
- -8.95%
- 3Y*
- 14.48%
- 5Y*
- 16.50%
- 10Y*
- 14.82%
AGF-B.TO vs. HVRRY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGF-B.TO AGF Management Ltd | 16.80% | 59.26% | 45.89% | 15.54% | -10.40% | 43.95% | 1.07% | 41.60% | -38.19% | 36.77% |
HVRRY Hannover Re | -9.27% | 23.40% | 16.70% | 21.57% | 18.09% | 20.29% | -18.14% | 42.50% | 20.31% | 13.42% |
Correlation
The correlation between AGF-B.TO and HVRRY is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007 | 0.19 |
Fundamentals
AGF-B.TO:
CA$1.23B
HVRRY:
$31.85B
AGF-B.TO:
CA$1.73
HVRRY:
€4.06
AGF-B.TO:
10.83
HVRRY:
9.36
AGF-B.TO:
0.28
HVRRY:
0.28
AGF-B.TO:
2.23
HVRRY:
1.06
AGF-B.TO:
1.02
HVRRY:
1.98
AGF-B.TO:
CA$561.40M
HVRRY:
€25.44B
AGF-B.TO:
CA$342.49M
HVRRY:
€23.95B
AGF-B.TO:
CA$163.56M
HVRRY:
€9.81B
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Return for Risk
AGF-B.TO vs. HVRRY — Risk / Return Rank
AGF-B.TO
HVRRY
AGF-B.TO vs. HVRRY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AGF Management Ltd (AGF-B.TO) and Hannover Re (HVRRY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AGF-B.TO | HVRRY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.10 | ||
| Sortino ratioReturn per unit of downside risk | +2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.95 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | -0.54 | +2.72 |
| Martin ratioReturn relative to average drawdown | 6.21 | -1.13 | +7.34 |
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Drawdowns
AGF-B.TO vs. HVRRY - Drawdown Comparison
The maximum AGF-B.TO drawdown since its inception was -85.07%, which is greater than HVRRY's maximum drawdown of -60.08%. Use the drawdown chart below to compare losses from any high point for AGF-B.TO and HVRRY.
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Drawdown Indicators
| AGF-B.TO | HVRRY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.07% | -60.08% | -24.99% |
Max Drawdown (1Y)Largest decline over 1 year | -25.57% | -16.55% | -9.02% |
Max Drawdown (3Y)Largest decline over 3 years | -25.57% | -16.55% | -9.02% |
Max Drawdown (5Y)Largest decline over 5 years | -29.90% | -29.98% | +0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -65.63% | -41.99% | -23.64% |
Current DrawdownCurrent decline from peak | -8.96% | -14.27% | +5.31% |
Average DrawdownAverage peak-to-trough decline | -49.83% | -9.22% | -40.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.97% | 7.90% | +1.07% |
Volatility
AGF-B.TO vs. HVRRY - Volatility Comparison
AGF Management Ltd (AGF-B.TO) has a higher volatility of 6.85% compared to Hannover Re (HVRRY) at 5.62%. This indicates that AGF-B.TO's price experiences larger fluctuations and is considered to be riskier than HVRRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGF-B.TO | HVRRY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 5.62% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 27.25% | 16.88% | +10.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.08% | 22.09% | +10.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.28% | 25.88% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.85% | 26.83% | +6.02% |
Dividends
AGF-B.TO vs. HVRRY - Dividend Comparison
AGF-B.TO's dividend yield for the trailing twelve months is around 2.73%, less than HVRRY's 5.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGF-B.TO AGF Management Ltd | 2.73% | 3.01% | 4.26% | 5.58% | 5.52% | 4.07% | 5.26% | 4.97% | 6.64% | 3.91% | 3.83% | 11.35% |
HVRRY Hannover Re | 5.53% | 3.19% | 3.10% | 2.75% | 3.15% | 2.92% | 2.75% | 2.19% | 3.27% | 4.55% | 8.64% | 1.19% |
Financials
AGF-B.TO vs. HVRRY - Financials Comparison
This section allows you to compare key financial metrics between AGF Management Ltd and Hannover Re. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AGF-B.TO vs. HVRRY - Profitability Comparison
AGF-B.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AGF Management Ltd reported a gross profit of 73.16M and revenue of 143.70M. Therefore, the gross margin over that period was 50.9%.
HVRRY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hannover Re reported a gross profit of 7.31B and revenue of 7.31B. Therefore, the gross margin over that period was 100.0%.
AGF-B.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AGF Management Ltd reported an operating income of 33.41M and revenue of 143.70M, resulting in an operating margin of 23.3%.
HVRRY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hannover Re reported an operating income of 965.32M and revenue of 7.31B, resulting in an operating margin of 13.2%.
AGF-B.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AGF Management Ltd reported a net income of 18.04M and revenue of 143.70M, resulting in a net margin of 12.6%.
HVRRY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hannover Re reported a net income of 722.29M and revenue of 7.31B, resulting in a net margin of 9.9%.
Frequently Asked Questions
AGF-B.TO and HVRRY have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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