IGM.TO vs. QBE.AX
IGM.TO (IGM Financial Inc.) and QBE.AX (QBE Insurance Group Limited) are both stocks. Both are in the Financial Services sector — IGM.TO in Asset Management, QBE.AX in Insurance - Property & Casualty. Over the past 10 years, IGM.TO returned 14.85%/yr vs 11.22%/yr for QBE.AX. At a 0.18 correlation, their price movements are largely independent.
Performance
IGM.TO vs. QBE.AX - Performance Comparison
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Different Trading Currencies
IGM.TO is traded in CAD, while QBE.AX is traded in AUD. To make them comparable, the QBE.AX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGM.TO achieves a 32.86% return, which is significantly higher than QBE.AX's 26.64% return. Over the past 10 years, IGM.TO has outperformed QBE.AX with an annualized return of 14.85%, while QBE.AX has yielded a comparatively lower 11.22% annualized return.
IGM.TO
- 1D
- 1.09%
- 1M
- 5.42%
- YTD
- 32.86%
- 6M
- 40.45%
- 1Y
- 92.94%
- 3Y*
- 33.72%
- 5Y*
- 19.16%
- 10Y*
- 14.85%
QBE.AX
- 1D
- 0.00%
- 1M
- 0.56%
- YTD
- 26.64%
- 6M
- 32.00%
- 1Y
- 12.75%
- 3Y*
- 23.97%
- 5Y*
- 20.33%
- 10Y*
- 11.22%
IGM.TO vs. QBE.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGM.TO IGM Financial Inc. | 32.86% | 40.97% | 38.86% | -1.67% | -12.00% | 39.16% | -0.02% | 27.73% | -25.10% | 22.04% |
QBE.AX QBE Insurance Group Limited | 27.99% | 13.03% | 33.48% | 10.79% | 20.97% | 26.68% | -27.06% | 27.15% | -4.84% | -8.22% |
Correlation
The correlation between IGM.TO and QBE.AX 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 | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2007 | 0.18 |
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Return for Risk
IGM.TO vs. QBE.AX — Risk / Return Rank
IGM.TO
QBE.AX
IGM.TO vs. QBE.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IGM Financial Inc. (IGM.TO) 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.
| IGM.TO | QBE.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.67 | ||
| Sortino ratioReturn per unit of downside risk | +4.40 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.11 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 8.69 | 0.82 | +7.87 |
| Martin ratioReturn relative to average drawdown | 38.48 | 1.65 | +36.83 |
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
| IGM.TO | QBE.AX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.15 | 0.48 | +3.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.76 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.37 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.09 | +0.28 |
Drawdowns
IGM.TO vs. QBE.AX - Drawdown Comparison
The maximum IGM.TO drawdown since its inception was -51.72%, smaller than the maximum QBE.AX drawdown of -63.46%. Use the drawdown chart below to compare losses from any high point for IGM.TO and QBE.AX.
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Drawdown Indicators
| IGM.TO | QBE.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.72% | -63.46% | +11.74% |
Max Drawdown (1Y)Largest decline over 1 year | -10.75% | -15.10% | +4.35% |
Max Drawdown (3Y)Largest decline over 3 years | -25.61% | -19.11% | -6.50% |
Max Drawdown (5Y)Largest decline over 5 years | -32.58% | -19.11% | -13.47% |
Max Drawdown (10Y)Largest decline over 10 years | -47.65% | -52.58% | +4.93% |
Current DrawdownCurrent decline from peak | 0.00% | -5.51% | +5.51% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -31.41% | +18.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 7.33% | -4.88% |
Volatility
IGM.TO vs. QBE.AX - Volatility Comparison
IGM Financial Inc. (IGM.TO) has a higher volatility of 5.60% compared to QBE Insurance Group Limited (QBE.AX) at 5.04%. This indicates that IGM.TO'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.
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Volatility by Period
| IGM.TO | QBE.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 5.04% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 18.97% | 17.12% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.50% | 25.73% | -3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.05% | 26.59% | -5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.45% | 29.93% | -7.48% |
Dividends
IGM.TO vs. QBE.AX - Dividend Comparison
IGM.TO's dividend yield for the trailing twelve months is around 2.84%, less than QBE.AX's 4.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGM.TO IGM Financial Inc. | 2.84% | 3.64% | 4.90% | 6.43% | 5.96% | 4.93% | 6.52% | 6.04% | 7.25% | 5.14% | 5.91% | 8.07% |
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
IGM.TO vs. QBE.AX - Financials Comparison
This section allows you to compare key financial metrics between IGM Financial Inc. and QBE Insurance Group 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
IGM.TO and QBE.AX 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.
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