HVRRY vs. QBE.AX

Last updated Jun 9, 2026

HVRRY (Hannover Re) and QBE.AX (QBE Insurance Group Limited) are both stocks. Both are in the Financial Services sector — HVRRY in Insurance - Reinsurance, QBE.AX in Insurance - Property & Casualty. Over the past 10 years, HVRRY returned 12.58%/yr vs 10.24%/yr for QBE.AX. At a 0.21 correlation, their price movements are largely independent.

Performance

HVRRY vs. QBE.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hannover Re (HVRRY) and QBE Insurance Group Limited (QBE.AX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HVRRY 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, HVRRY achieves a -12.88% return, which is significantly lower than QBE.AX's 24.72% return. Over the past 10 years, HVRRY has outperformed QBE.AX with an annualized return of 12.58%, while QBE.AX has yielded a comparatively lower 10.24% 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%

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)

HVRRY vs. QBE.AX - 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%
QBE.AX QBE Insurance Group Limited	24.72%	18.44%	23.06%	13.49%	13.76%	26.74%	-25.29%	32.61%	-12.22%	-1.56%

Correlation

The correlation between HVRRY and QBE.AX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007	0.21

Return for Risk

HVRRY vs. QBE.AX — 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

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.

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

This table presents a comparison of risk-adjusted performance metrics for Hannover Re (HVRRY) 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.

	HVRRY	QBE.AX	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	0.42	-1.16
Sortino ratio: Return per unit of downside risk	-0.98	0.71	-1.69
Omega ratio: Gain probability vs. loss probability	0.89	1.10	-0.21
Calmar ratio: Return relative to maximum drawdown	-0.91	0.62	-1.53
Martin ratio: Return relative to average drawdown	-1.87	1.27	-3.14
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. QBE.AX - Sharpe Ratio Comparison

The current HVRRY Sharpe Ratio is -0.74, which is lower than the QBE.AX Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of HVRRY 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

	HVRRY	QBE.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.74	0.42	-1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.64	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.34	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.05	+0.34

Drawdowns

HVRRY vs. QBE.AX - Drawdown Comparison

The maximum HVRRY drawdown since its inception was -62.80%, smaller than the maximum QBE.AX drawdown of -74.80%. Use the drawdown chart below to compare losses from any high point for HVRRY and QBE.AX.

Drawdown Indicators

	HVRRY	QBE.AX	Difference
Max Drawdown Largest peak-to-trough decline	-62.80%	-74.80%	+12.00%
Max Drawdown (1Y) Largest decline over 1 year	-17.62%	-17.00%	-0.62%
Max Drawdown (3Y) Largest decline over 3 years	-17.62%	-18.73%	+1.11%
Max Drawdown (5Y) Largest decline over 5 years	-31.66%	-18.73%	-12.93%
Max Drawdown (10Y) Largest decline over 10 years	-44.24%	-56.60%	+12.36%
Current Drawdown Current decline from peak	-17.62%	-6.58%	-11.04%
Average Drawdown Average peak-to-trough decline	-8.46%	-40.73%	+32.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.56%	8.35%	+0.21%

Volatility

HVRRY vs. QBE.AX - Volatility Comparison

Hannover Re (HVRRY) and QBE Insurance Group Limited (QBE.AX) have volatilities of 5.23% and 5.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HVRRY	QBE.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	5.25%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	16.58%	16.82%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	21.72%	25.18%	-3.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.13%	26.46%	-1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.28%	29.91%	-3.63%

Dividends

HVRRY vs. QBE.AX - Dividend Comparison

HVRRY's dividend yield for the trailing twelve months is around 5.64%, more than QBE.AX's 4.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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 HVRRY and QBE.AX in my portfolio?

HVRRY and QBE.AX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.