FDP vs. QBE.AX

Last updated Jun 10, 2026

FDP (Fresh Del Monte Produce Inc.) and QBE.AX (QBE Insurance Group Limited) are both stocks. FDP operates in Farm Products (Consumer Defensive), while QBE.AX operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, FDP returned -4.34%/yr vs 10.24%/yr for QBE.AX. At a 0.13 correlation, their price movements are largely independent.

Performance

FDP vs. QBE.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fresh Del Monte Produce Inc. (FDP) and QBE Insurance Group Limited (QBE.AX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FDP is traded in USD, while QBE.AX is traded in AUD. To make them comparable, the QBE.AX values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FDP achieves a -18.53% return, which is significantly lower than QBE.AX's 24.72% return. Over the past 10 years, FDP has underperformed QBE.AX with an annualized return of -4.34%, while QBE.AX has yielded a comparatively higher 10.24% annualized return.

FDP

• 1D: 1.13%
• 1M: -21.69%
• YTD: -18.53%
• 6M: -21.05%
• 1Y: -9.95%
• 3Y*: 5.64%
• 5Y*: -0.90%
• 10Y*: -4.34%

QBE.AX

• 1D: 0.00%
• 1M: -1.21%
• YTD: 24.72%
• 6M: 31.32%
• 1Y: 10.81%
• 3Y*: 22.33%
• 5Y*: 17.06%
• 10Y*: 10.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDP vs. QBE.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDP Fresh Del Monte Produce Inc.	-18.53%	11.11%	31.31%	3.09%	-2.98%	16.50%	-30.34%	24.32%	-39.80%	-20.45%
QBE.AX QBE Insurance Group Limited	25.59%	18.44%	23.06%	13.49%	13.76%	26.74%	-25.29%	32.61%	-12.22%	-1.56%

Correlation

The correlation between FDP and QBE.AX is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jul 5, 2007	0.13

The correlation between FDP and QBE.AX shifts across timeframes, from -0.02 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FDP vs. QBE.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDP

FDP Risk / Return Rank: 27
FDP Sharpe Ratio Rank: 28
FDP Sortino Ratio Rank: 25
FDP Omega Ratio Rank: 26
FDP Calmar Ratio Rank: 33
FDP Martin Ratio Rank: 21

QBE.AX

QBE.AX Risk / Return Rank: 44
QBE.AX Sharpe Ratio Rank: 48
QBE.AX Sortino Ratio Rank: 40
QBE.AX Omega Ratio Rank: 41
QBE.AX Calmar Ratio Rank: 47
QBE.AX Martin Ratio Rank: 47

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.

FDP vs. QBE.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fresh Del Monte Produce Inc. (FDP) 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.

	FDP	QBE.AX	Difference
Sharpe ratio: Return per unit of total volatility	-0.34	0.42	-0.76
Sortino ratio: Return per unit of downside risk	-0.30	0.71	-1.01
Omega ratio: Gain probability vs. loss probability	0.96	1.10	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.30	0.62	-0.92
Martin ratio: Return relative to average drawdown	-1.04	1.27	-2.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDP vs. QBE.AX - Sharpe Ratio Comparison

The current FDP Sharpe Ratio is -0.34, which is lower than the QBE.AX Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of FDP 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.

Sharpe Ratios by Period

	FDP	QBE.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.34	0.42	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.64	-0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.12	0.34	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.05	+0.03

Drawdowns

FDP vs. QBE.AX - Drawdown Comparison

The maximum FDP drawdown since its inception was -84.24%, which is greater than QBE.AX's maximum drawdown of -74.80%. Use the drawdown chart below to compare losses from any high point for FDP and QBE.AX.

Drawdown Indicators

	FDP	QBE.AX	Difference
Max Drawdown Largest peak-to-trough decline	-84.24%	-74.80%	-9.44%
Max Drawdown (1Y) Largest decline over 1 year	-33.31%	-17.00%	-16.31%
Max Drawdown (3Y) Largest decline over 3 years	-33.31%	-18.73%	-14.58%
Max Drawdown (5Y) Largest decline over 5 years	-35.04%	-18.73%	-16.31%
Max Drawdown (10Y) Largest decline over 10 years	-67.32%	-56.60%	-10.72%
Current Drawdown Current decline from peak	-47.33%	-6.58%	-40.75%
Average Drawdown Average peak-to-trough decline	-35.08%	-40.73%	+5.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.60%	8.35%	+1.25%

Volatility

FDP vs. QBE.AX - Volatility Comparison

Fresh Del Monte Produce Inc. (FDP) has a higher volatility of 11.85% compared to QBE Insurance Group Limited (QBE.AX) at 5.25%. This indicates that FDP'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.

Volatility by Period

	FDP	QBE.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.85%	5.25%	+6.60%
Volatility (6M) Calculated over the trailing 6-month period	22.13%	16.82%	+5.31%
Volatility (1Y) Calculated over the trailing 1-year period	29.09%	25.18%	+3.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.69%	26.46%	+2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.17%	29.91%	+5.26%

Dividends

FDP vs. QBE.AX - Dividend Comparison

FDP's dividend yield for the trailing twelve months is around 4.20%, less than QBE.AX's 4.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDP Fresh Del Monte Produce Inc.	4.20%	3.37%	3.01%	2.86%	2.29%	1.81%	1.25%	0.40%	2.12%	1.26%	0.91%	1.29%
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

Frequently Asked Questions

Can I hold both FDP and QBE.AX in my portfolio?

FDP and QBE.AX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.