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AGF-B.TO vs. QBE.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

AGF-B.TO vs. QBE.AX

Last updated Jun 9, 2026

AGF-B.TO (AGF Management Ltd) and QBE.AX (QBE Insurance Group Limited) are both stocks. Both are in the Financial Services sector — AGF-B.TO in Asset Management, QBE.AX in Insurance - Property & Casualty. Over the past 10 years, AGF-B.TO returned 19.55%/yr vs 11.22%/yr for QBE.AX. At a 0.16 correlation, their price movements are largely independent.

Performance

AGF-B.TO vs. QBE.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in AGF Management Ltd (AGF-B.TO) and QBE Insurance Group Limited (QBE.AX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

AGF-B.TO is traded in CAD, while QBE.AX is traded in AUD. To make them comparable, the QBE.AX 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 11.68% return, which is significantly lower than QBE.AX's 26.64% return. Over the past 10 years, AGF-B.TO has outperformed QBE.AX with an annualized return of 19.55%, while QBE.AX has yielded a comparatively lower 11.22% annualized return.

AGF-B.TO

1D
4.13%
1M
2.99%
YTD
11.68%
6M
22.85%
1Y
54.32%
3Y*
40.79%
5Y*
24.16%
10Y*
19.55%

QBE.AX

1D
0.00%
1M
0.56%
YTD
26.64%
6M
32.00%
1Y
12.75%
3Y*
23.97%
5Y*
20.33%
10Y*
11.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AGF-B.TO vs. QBE.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AGF-B.TO
AGF Management Ltd		11.68%59.26%45.89%15.54%-10.40%43.95%1.07%41.60%-38.19%36.77%
QBE.AX
QBE Insurance Group Limited		26.64%13.03%33.48%10.79%20.97%26.68%-27.06%27.15%-4.84%-8.22%

Correlation

The correlation between AGF-B.TO and QBE.AX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.15

Correlation (5Y)
Calculated over the trailing 5-year period

0.16

Correlation (10Y)
Calculated over the trailing 10-year period

0.14

Correlation (All Time)
Calculated using the full available price history since Jul 4, 2007

0.16

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AGF Management Ltd

QBE Insurance Group Limited

Often compared with AGF-B.TO:
AGF-B.TO vs. HXT.TOAGF-B.TO vs. HURA.TOAGF-B.TO vs. CJP.NEOAGF-B.TO vs. IAG.TOAGF-B.TO vs. HCAL.TOAGF-B.TO vs. BDI.TOAGF-B.TO vs. AD-UN.TO
Often compared with QBE.AX:
QBE.AX vs. BHPQBE.AX vs. DLAKYQBE.AX vs. BKRIYQBE.AX vs. BDI.TOQBE.AX vs. QBR-A.TOQBE.AX vs. AD-UN.TOQBE.AX vs. GRT-UN.TO

Return for Risk

AGF-B.TO vs. QBE.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AGF-B.TO
AGF-B.TO Risk / Return Rank: 8181
Overall Rank
AGF-B.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
AGF-B.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
AGF-B.TO Omega Ratio Rank: 8383
Omega Ratio Rank
AGF-B.TO Calmar Ratio Rank: 7777
Calmar Ratio Rank
AGF-B.TO Martin Ratio Rank: 8080
Martin Ratio Rank
QBE.AX
QBE.AX Risk / Return Rank: 4444
Overall Rank
QBE.AX Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
QBE.AX Sortino Ratio Rank: 4040
Sortino Ratio Rank
QBE.AX Omega Ratio Rank: 4141
Omega Ratio Rank
QBE.AX Calmar Ratio Rank: 4747
Calmar Ratio Rank
QBE.AX Martin Ratio Rank: 4747
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGF-B.TO vs. QBE.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AGF Management Ltd (AGF-B.TO) and QBE Insurance Group Limited (QBE.AX). 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.

AGF-B.TOQBE.AXDifference
Sharpe ratioReturn per unit of total volatility
1.66
0.48

+1.18

Sortino ratioReturn per unit of downside risk
2.08
0.79

+1.30

Omega ratioGain probability vs. loss probability

1.32

1.11

+0.21

Calmar ratioReturn relative to maximum drawdown

2.13

0.82

+1.31

Martin ratioReturn relative to average drawdown

6.16

1.65

+4.51

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGF-B.TO vs. QBE.AX - Sharpe Ratio Comparison

The current AGF-B.TO Sharpe Ratio is 1.66, which is higher than the QBE.AX Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of AGF-B.TO and QBE.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AGF-B.TOQBE.AXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.66

0.48

+1.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

0.76

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.37

+0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.15

0.09

+0.06

Drawdowns

AGF-B.TO vs. QBE.AX - Drawdown Comparison

The maximum AGF-B.TO drawdown since its inception was -85.07%, which is greater than QBE.AX's maximum drawdown of -63.46%. Use the drawdown chart below to compare losses from any high point for AGF-B.TO and QBE.AX.

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Drawdown Indicators

AGF-B.TOQBE.AXDifference

Max Drawdown

Largest peak-to-trough decline

-85.07%

-63.46%

-21.61%

Max Drawdown (1Y)

Largest decline over 1 year

-25.57%

-15.10%

-10.47%

Max Drawdown (3Y)

Largest decline over 3 years

-25.57%

-19.11%

-6.46%

Max Drawdown (5Y)

Largest decline over 5 years

-29.90%

-19.11%

-10.79%

Max Drawdown (10Y)

Largest decline over 10 years

-65.63%

-52.58%

-13.05%

Current Drawdown

Current decline from peak

-12.95%

-5.51%

-7.44%

Average Drawdown

Average peak-to-trough decline

-49.83%

-31.41%

-18.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.84%

7.33%

+1.51%

Volatility

AGF-B.TO vs. QBE.AX - Volatility Comparison

AGF Management Ltd (AGF-B.TO) has a higher volatility of 7.81% compared to QBE Insurance Group Limited (QBE.AX) at 5.04%. This indicates that AGF-B.TO's price experiences larger fluctuations and is considered to be riskier than QBE.AX 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.TOQBE.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.81%

5.04%

+2.77%

Volatility (6M)

Calculated over the trailing 6-month period

27.21%

17.12%

+10.09%

Volatility (1Y)

Calculated over the trailing 1-year period

32.92%

25.73%

+7.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.25%

26.59%

+2.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.85%

29.93%

+2.92%

Dividends

AGF-B.TO vs. QBE.AX - Dividend Comparison

AGF-B.TO's dividend yield for the trailing twelve months is around 2.85%, less than QBE.AX's 4.79% yield.

PositionTTM20252024202320222021202020192018201720162015
AGF-B.TO
AGF Management Ltd		2.85%3.01%4.26%5.58%5.52%4.07%5.26%4.97%6.64%3.91%3.83%11.35%
QBE.AX
QBE Insurance Group Limited		4.79%4.75%3.77%2.97%2.08%0.97%4.05%4.11%2.91%6.08%4.47%3.34%

Financials

AGF-B.TO vs. QBE.AX - Financials Comparison

This section allows you to compare key financial metrics between AGF Management Ltd and QBE Insurance Group Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

Please note, different currencies. AGF-B.TO values in CAD, QBE.AX values in AUD

Frequently Asked Questions

AGF-B.TO and QBE.AX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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