GNG.AX vs. PME.AX

Last updated Jun 4, 2026

GNG.AX (GR Engineering Services Limited) and PME.AX (Pro Medicus Limited) are both stocks. GNG.AX operates in Engineering & Construction (Industrials), while PME.AX operates in Health Information Services (Healthcare). Over the past 10 years, GNG.AX returned 28.78%/yr vs 42.79%/yr for PME.AX. At a 0.04 correlation, their price movements are largely independent.

Performance

GNG.AX vs. PME.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in GR Engineering Services Limited (GNG.AX) and Pro Medicus Limited (PME.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GNG.AX achieves a 39.25% return, which is significantly higher than PME.AX's -27.53% return. Over the past 10 years, GNG.AX has underperformed PME.AX with an annualized return of 28.78%, while PME.AX has yielded a comparatively higher 42.79% annualized return.

GNG.AX

• 1D: -0.66%
• 1M: 30.11%
• YTD: 39.25%
• 6M: 45.80%
• 1Y: 125.15%
• 3Y*: 56.17%
• 5Y*: 44.91%
• 10Y*: 28.78%

PME.AX

• 1D: -0.28%
• 1M: 15.12%
• YTD: -27.53%
• 6M: -37.06%
• 1Y: -43.29%
• 3Y*: 37.42%
• 5Y*: 27.28%
• 10Y*: 42.79%

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

GNG.AX vs. PME.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GNG.AX GR Engineering Services Limited	39.25%	91.42%	22.04%	18.42%	5.73%	85.30%	61.96%	-20.65%	-19.94%	9.79%
PME.AX Pro Medicus Limited	-27.53%	-11.52%	161.84%	74.19%	-11.11%	83.31%	53.66%	106.06%	25.55%	83.18%

Correlation

The correlation between GNG.AX and PME.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	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Apr 20, 2011	0.04

Return for Risk

GNG.AX vs. PME.AX — Risk / Return Rank

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

GNG.AX

GNG.AX Risk / Return Rank: 91
GNG.AX Sharpe Ratio Rank: 93
GNG.AX Sortino Ratio Rank: 89
GNG.AX Omega Ratio Rank: 90
GNG.AX Calmar Ratio Rank: 91
GNG.AX Martin Ratio Rank: 90

PME.AX

PME.AX Risk / Return Rank: 12
PME.AX Sharpe Ratio Rank: 8
PME.AX Sortino Ratio Rank: 9
PME.AX Omega Ratio Rank: 9
PME.AX Calmar Ratio Rank: 17
PME.AX Martin Ratio Rank: 17

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.

GNG.AX vs. PME.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GR Engineering Services Limited (GNG.AX) and Pro Medicus Limited (PME.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.

	GNG.AX	PME.AX	Difference
Sharpe ratio Return per unit of total volatility	2.77	-0.84	+3.61
Sortino ratio Return per unit of downside risk	3.09	-1.13	+4.23
Omega ratio Gain probability vs. loss probability	1.43	0.85	+0.58
Calmar ratio Return relative to maximum drawdown	4.85	-0.64	+5.49
Martin ratio Return relative to average drawdown	12.33	-1.12	+13.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GNG.AX vs. PME.AX - Sharpe Ratio Comparison

The current GNG.AX Sharpe Ratio is 2.77, which is higher than the PME.AX Sharpe Ratio of -0.84. The chart below compares the historical Sharpe Ratios of GNG.AX and PME.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

	GNG.AX	PME.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	-0.84	+3.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.25	0.66	+0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.98	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.47	-0.12

Drawdowns

GNG.AX vs. PME.AX - Drawdown Comparison

The maximum GNG.AX drawdown since its inception was -80.31%, smaller than the maximum PME.AX drawdown of -88.06%. Use the drawdown chart below to compare losses from any high point for GNG.AX and PME.AX.

Drawdown Indicators

	GNG.AX	PME.AX	Difference
Max Drawdown Largest peak-to-trough decline	-80.31%	-88.06%	+7.75%
Max Drawdown (1Y) Largest decline over 1 year	-25.53%	-67.24%	+41.71%
Max Drawdown (3Y) Largest decline over 3 years	-25.68%	-67.24%	+41.56%
Max Drawdown (5Y) Largest decline over 5 years	-25.68%	-67.24%	+41.56%
Max Drawdown (10Y) Largest decline over 10 years	-61.78%	-67.24%	+5.46%
Current Drawdown Current decline from peak	-0.66%	-51.51%	+50.85%
Average Drawdown Average peak-to-trough decline	-29.90%	-28.78%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.07%	38.51%	-28.44%

Volatility

GNG.AX vs. PME.AX - Volatility Comparison

The current volatility for GR Engineering Services Limited (GNG.AX) is 10.96%, while Pro Medicus Limited (PME.AX) has a volatility of 15.68%. This indicates that GNG.AX experiences smaller price fluctuations and is considered to be less risky than PME.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GNG.AX	PME.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.96%	15.68%	-4.72%
Volatility (6M) Calculated over the trailing 6-month period	33.92%	48.20%	-14.28%
Volatility (1Y) Calculated over the trailing 1-year period	44.70%	50.99%	-6.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.79%	41.52%	-5.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.70%	43.43%	-2.73%

Dividends

GNG.AX vs. PME.AX - Dividend Comparison

GNG.AX's dividend yield for the trailing twelve months is around 3.97%, more than PME.AX's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GNG.AX GR Engineering Services Limited	3.97%	4.94%	7.69%	8.56%	9.31%	5.71%	4.92%	7.50%	10.28%	3.47%	7.38%	12.18%
PME.AX Pro Medicus Limited	0.39%	0.25%	0.16%	0.31%	0.40%	0.24%	0.35%	0.31%	0.55%	0.46%	0.62%	0.60%

Financials

Frequently Asked Questions

Can I hold both GNG.AX and PME.AX in my portfolio?

GNG.AX and PME.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.