HVRRY vs. EXE.TO

Last updated Jun 9, 2026

HVRRY (Hannover Re) and EXE.TO (Extendicare Inc.) are both stocks. HVRRY operates in Insurance - Reinsurance (Financial Services), while EXE.TO operates in Medical Care Facilities (Healthcare). Over the past 10 years, HVRRY returned 12.58%/yr vs 21.30%/yr for EXE.TO. At a 0.18 correlation, their price movements are largely independent.

Performance

HVRRY vs. EXE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hannover Re (HVRRY) and Extendicare Inc. (EXE.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HVRRY is traded in USD, while EXE.TO is traded in CAD. To make them comparable, the EXE.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HVRRY achieves a -12.88% return, which is significantly lower than EXE.TO's 52.85% return. Over the past 10 years, HVRRY has underperformed EXE.TO with an annualized return of 12.58%, while EXE.TO has yielded a comparatively higher 21.30% annualized return.

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%

EXE.TO

• 1D: 0.34%
• 1M: -3.30%
• YTD: 52.85%
• 6M: 44.59%
• 1Y: 133.52%
• 3Y*: 70.93%
• 5Y*: 35.89%
• 10Y*: 21.30%

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

HVRRY vs. EXE.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HVRRY Hannover Re	-12.88%	29.30%	7.59%	24.53%	11.05%	20.35%	-16.15%	48.63%	10.97%	21.66%
EXE.TO Extendicare Inc.	52.85%	118.08%	42.81%	22.21%	-9.59%	17.32%	-12.84%	47.00%	-31.83%	4.30%

Correlation

The correlation between HVRRY and EXE.TO 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	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007	0.18

Fundamentals

Market Cap HVRRY : $31.24B EXE.TO : CA$3.18B
EPS HVRRY : $4.06 EXE.TO : CA$1.37
PE Ratio HVRRY : 10.63 EXE.TO : 24.08
PEG Ratio HVRRY : 0.32 EXE.TO : 0.33
PS Ratio HVRRY : 1.20 EXE.TO : 1.68
PB Ratio HVRRY : 2.25 EXE.TO : 8.10
Total Revenue (TTM) HVRRY : $25.44B EXE.TO : CA$1.75B
Gross Profit (TTM) HVRRY : $23.95B EXE.TO : CA$553.60M
EBITDA (TTM) HVRRY : $9.81B EXE.TO : CA$205.13M

Return for Risk

HVRRY vs. EXE.TO — Risk / Return Rank

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

HVRRY

HVRRY Risk / Return Rank: 9
HVRRY Sharpe Ratio Rank: 11
HVRRY Sortino Ratio Rank: 12
HVRRY Omega Ratio Rank: 14
HVRRY Calmar Ratio Rank: 6
HVRRY Martin Ratio Rank: 1

EXE.TO

EXE.TO Risk / Return Rank: 98
EXE.TO Sharpe Ratio Rank: 98
EXE.TO Sortino Ratio Rank: 99
EXE.TO Omega Ratio Rank: 98
EXE.TO Calmar Ratio Rank: 98
EXE.TO Martin Ratio Rank: 98

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.

HVRRY vs. EXE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hannover Re (HVRRY) and Extendicare Inc. (EXE.TO). 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.

	HVRRY	EXE.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	3.95	-4.69
Sortino ratio: Return per unit of downside risk	-0.98	5.60	-6.58
Omega ratio: Gain probability vs. loss probability	0.89	1.69	-0.79
Calmar ratio: Return relative to maximum drawdown	-0.91	8.98	-9.89
Martin ratio: Return relative to average drawdown	-1.87	26.69	-28.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HVRRY vs. EXE.TO - Sharpe Ratio Comparison

The current HVRRY Sharpe Ratio is -0.74, which is lower than the EXE.TO Sharpe Ratio of 3.95. The chart below compares the historical Sharpe Ratios of HVRRY and EXE.TO, 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

	HVRRY	EXE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.74	3.95	-4.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	1.44	-0.94
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.81	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.34	+0.04

Drawdowns

HVRRY vs. EXE.TO - Drawdown Comparison

The maximum HVRRY drawdown since its inception was -62.80%, smaller than the maximum EXE.TO drawdown of -82.31%. Use the drawdown chart below to compare losses from any high point for HVRRY and EXE.TO.

Drawdown Indicators

	HVRRY	EXE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-62.80%	-82.31%	+19.51%
Max Drawdown (1Y) Largest decline over 1 year	-17.62%	-14.95%	-2.67%
Max Drawdown (3Y) Largest decline over 3 years	-17.62%	-26.03%	+8.41%
Max Drawdown (5Y) Largest decline over 5 years	-31.66%	-30.02%	-1.64%
Max Drawdown (10Y) Largest decline over 10 years	-44.24%	-50.96%	+6.72%
Current Drawdown Current decline from peak	-17.62%	-5.13%	-12.49%
Average Drawdown Average peak-to-trough decline	-8.46%	-24.50%	+16.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.56%	5.02%	+3.54%

Volatility

HVRRY vs. EXE.TO - Volatility Comparison

The current volatility for Hannover Re (HVRRY) is 5.23%, while Extendicare Inc. (EXE.TO) has a volatility of 11.60%. This indicates that HVRRY experiences smaller price fluctuations and is considered to be less risky than EXE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HVRRY	EXE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	11.60%	-6.37%
Volatility (6M) Calculated over the trailing 6-month period	16.58%	23.81%	-7.23%
Volatility (1Y) Calculated over the trailing 1-year period	21.72%	34.03%	-12.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.13%	25.00%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.28%	26.58%	-0.30%

Dividends

HVRRY vs. EXE.TO - Dividend Comparison

HVRRY's dividend yield for the trailing twelve months is around 5.64%, more than EXE.TO's 1.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXE.TO Extendicare Inc.	1.55%	2.34%	4.52%	6.59%	7.32%	6.58%	7.23%	5.69%	7.56%	5.25%	4.86%	4.97%
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

HVRRY vs. EXE.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Hannover Re and Extendicare Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

EXE.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Extendicare Inc. reported a gross profit of 58.87M and revenue of 465.22M. Therefore, the gross margin over that period was 12.7%.

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%.

EXE.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Extendicare Inc. reported an operating income of 42.70M and revenue of 465.22M, resulting in an operating margin of 9.2%.

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%.

EXE.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Extendicare Inc. reported a net income of 40.73M and revenue of 465.22M, resulting in a net margin of 8.8%.

Frequently Asked Questions

Can I hold both HVRRY and EXE.TO in my portfolio?

HVRRY and EXE.TO 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.