IBEX vs. GNG.AX
IBEX (IBEX Limited) and GNG.AX (GR Engineering Services Limited) are both stocks. IBEX operates in Information Technology Services (Technology), while GNG.AX operates in Engineering & Construction (Industrials). Over the past 5 years, IBEX returned 8.89%/yr vs 38.97%/yr for GNG.AX. At a 0.02 correlation, their price movements are largely independent.
Performance
IBEX vs. GNG.AX - Performance Comparison
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Different Trading Currencies
IBEX is traded in USD, while GNG.AX is traded in AUD. To make them comparable, the GNG.AX values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBEX achieves a -20.22% return, which is significantly lower than GNG.AX's 37.71% return.
IBEX
- 1D
- 1.74%
- 1M
- -5.78%
- YTD
- -20.22%
- 6M
- -16.00%
- 1Y
- 1.84%
- 3Y*
- 10.87%
- 5Y*
- 8.89%
- 10Y*
- —
GNG.AX
- 1D
- 0.00%
- 1M
- 20.13%
- YTD
- 37.71%
- 6M
- 44.24%
- 1Y
- 131.41%
- 3Y*
- 52.78%
- 5Y*
- 38.97%
- 10Y*
- 27.18%
IBEX vs. GNG.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBEX IBEX Limited | -20.22% | 77.66% | 13.05% | -23.50% | 92.79% | -31.07% | 3.89% |
GNG.AX GR Engineering Services Limited | 37.71% | 106.45% | 10.91% | 18.34% | -0.90% | 74.94% | 57.15% |
Correlation
The correlation between IBEX and GNG.AX is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020 | 0.02 |
The correlation between IBEX and GNG.AX shifts across timeframes, from -0.10 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBEX vs. GNG.AX — Risk / Return Rank
IBEX
GNG.AX
IBEX vs. GNG.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IBEX Limited (IBEX) and GR Engineering Services Limited (GNG.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.
| IBEX | GNG.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.43 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 4.35 | -4.30 |
| Martin ratioReturn relative to average drawdown | 0.10 | 11.91 | -11.81 |
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
| IBEX | GNG.AX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | 2.79 | -2.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 1.04 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.27 | -0.03 |
Drawdowns
IBEX vs. GNG.AX - Drawdown Comparison
The maximum IBEX drawdown since its inception was -56.04%, smaller than the maximum GNG.AX drawdown of -83.17%. Use the drawdown chart below to compare losses from any high point for IBEX and GNG.AX.
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Drawdown Indicators
| IBEX | GNG.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.04% | -83.17% | +27.13% |
Max Drawdown (1Y)Largest decline over 1 year | -37.14% | -29.20% | -7.94% |
Max Drawdown (3Y)Largest decline over 3 years | -43.57% | -29.20% | -14.37% |
Max Drawdown (5Y)Largest decline over 5 years | -56.04% | -29.20% | -26.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.67% | — |
Current DrawdownCurrent decline from peak | -27.48% | -6.48% | -21.00% |
Average DrawdownAverage peak-to-trough decline | -25.47% | -36.63% | +11.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.09% | 10.78% | +8.31% |
Volatility
IBEX vs. GNG.AX - Volatility Comparison
The current volatility for IBEX Limited (IBEX) is 10.27%, while GR Engineering Services Limited (GNG.AX) has a volatility of 12.56%. This indicates that IBEX experiences smaller price fluctuations and is considered to be less risky than GNG.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBEX | GNG.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.27% | 12.56% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 28.94% | 35.85% | -6.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.40% | 45.53% | +6.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.24% | 37.22% | +11.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.86% | 42.15% | +10.71% |
Dividends
IBEX vs. GNG.AX - Dividend Comparison
IBEX has not paid dividends to shareholders, while GNG.AX's dividend yield for the trailing twelve months is around 2.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNG.AX GR Engineering Services Limited | 2.18% | 4.94% | 7.69% | 8.56% | 9.31% | 5.71% | 4.92% | 7.50% | 10.28% | 3.47% | 7.35% | 6.41% |
IBEX IBEX Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
IBEX vs. GNG.AX - Financials Comparison
This section allows you to compare key financial metrics between IBEX Limited and GR Engineering Services Limited. 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
Frequently Asked Questions
IBEX and GNG.AX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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