AXS vs. HVRRY
AXS (AXIS Capital Holdings Limited) and HVRRY (Hannover Re) are both stocks. Both are in the Financial Services sector — AXS in Insurance - Property & Casualty, HVRRY in Insurance - Reinsurance. Over the past 10 years, AXS returned 8.69%/yr vs 12.58%/yr for HVRRY. At a 0.32 correlation, their price movements are largely independent.
Performance
AXS vs. HVRRY - Performance Comparison
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Returns By Period
In the year-to-date period, AXS achieves a -9.77% return, which is significantly higher than HVRRY's -12.88% return. Over the past 10 years, AXS has underperformed HVRRY with an annualized return of 8.69%, while HVRRY has yielded a comparatively higher 12.58% annualized return.
AXS
- 1D
- -2.63%
- 1M
- -3.20%
- YTD
- -9.77%
- 6M
- -1.57%
- 1Y
- -8.45%
- 3Y*
- 24.17%
- 5Y*
- 16.16%
- 10Y*
- 8.69%
HVRRY
- 1D
- -0.32%
- 1M
- -9.40%
- YTD
- -12.88%
- 6M
- -6.28%
- 1Y
- -15.96%
- 3Y*
- 12.41%
- 5Y*
- 12.50%
- 10Y*
- 12.58%
AXS vs. HVRRY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AXS AXIS Capital Holdings Limited | -9.77% | 22.96% | 63.90% | 5.57% | 2.63% | 11.81% | -11.92% | 18.26% | 5.75% | -20.96% |
HVRRY Hannover Re | -12.88% | 29.30% | 7.59% | 24.53% | 11.05% | 20.35% | -16.15% | 48.63% | 10.97% | 21.66% |
Correlation
The correlation between AXS and HVRRY is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007 | 0.32 |
Fundamentals
AXS:
$7.23B
HVRRY:
$31.24B
AXS:
$13.77
HVRRY:
$4.06
AXS:
6.99
HVRRY:
10.63
AXS:
0.13
HVRRY:
0.32
AXS:
1.13
HVRRY:
1.20
AXS:
1.13
HVRRY:
2.25
AXS:
$6.61B
HVRRY:
$25.44B
AXS:
$3.55B
HVRRY:
$23.95B
AXS:
$2.61B
HVRRY:
$9.81B
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Return for Risk
AXS vs. HVRRY — Risk / Return Rank
AXS
HVRRY
AXS vs. HVRRY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AXIS Capital Holdings Limited (AXS) 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.
| AXS | HVRRY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.89 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | -0.91 | +0.33 |
| Martin ratioReturn relative to average drawdown | -1.27 | -1.87 | +0.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AXS | HVRRY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | -0.74 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.50 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.48 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.39 | -0.07 |
Drawdowns
AXS vs. HVRRY - Drawdown Comparison
The maximum AXS drawdown since its inception was -55.93%, smaller than the maximum HVRRY drawdown of -62.80%. Use the drawdown chart below to compare losses from any high point for AXS and HVRRY.
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Drawdown Indicators
| AXS | HVRRY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.93% | -62.80% | +6.87% |
Max Drawdown (1Y)Largest decline over 1 year | -14.60% | -17.62% | +3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -16.73% | -17.62% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -18.99% | -31.66% | +12.67% |
Max Drawdown (10Y)Largest decline over 10 years | -49.31% | -44.24% | -5.07% |
Current DrawdownCurrent decline from peak | -11.13% | -17.62% | +6.49% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -8.46% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.82% | 8.56% | -0.74% |
Volatility
AXS vs. HVRRY - Volatility Comparison
AXIS Capital Holdings Limited (AXS) has a higher volatility of 7.08% compared to Hannover Re (HVRRY) at 5.23%. This indicates that AXS'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
| AXS | HVRRY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.08% | 5.23% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 15.60% | 16.58% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.73% | 21.72% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.00% | 25.13% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.58% | 26.28% | +0.30% |
Dividends
AXS vs. HVRRY - Dividend Comparison
AXS's dividend yield for the trailing twelve months is around 1.83%, less than HVRRY's 5.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AXS AXIS Capital Holdings Limited | 1.83% | 1.64% | 1.99% | 3.18% | 3.19% | 3.10% | 3.27% | 2.71% | 3.04% | 3.04% | 2.19% | 2.17% |
HVRRY Hannover Re | 5.64% | 3.19% | 3.10% | 2.75% | 3.15% | 2.92% | 2.75% | 2.19% | 3.27% | 4.55% | 8.64% | 1.19% |
Financials
AXS vs. HVRRY - Financials Comparison
This section allows you to compare key financial metrics between AXIS Capital Holdings Limited 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
AXS vs. HVRRY - Profitability Comparison
AXS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AXIS Capital Holdings Limited reported a gross profit of 1.64B and revenue of 1.64B. Therefore, the gross margin over that period was 99.9%.
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%.
AXS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AXIS Capital Holdings Limited reported an operating income of 1.48B and revenue of 1.64B, resulting in an operating margin of 90.2%.
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%.
AXS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AXIS Capital Holdings Limited reported a net income of 254.77M and revenue of 1.64B, resulting in a net margin of 15.5%.
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
AXS and HVRRY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXS has higher volatility (7.08%) compared to HVRRY (5.23%). In terms of maximum drawdown, AXS dropped -55.93% vs HVRRY's -62.80%.
AXS currently has the higher Sharpe Ratio (-0.37 vs -0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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