NHYDY vs. QBE.AX
NHYDY (Norsk Hydro ASA ADR) and QBE.AX (QBE Insurance Group Limited) are both stocks. NHYDY operates in Aluminum (Basic Materials), while QBE.AX operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, NHYDY returned 17.75%/yr vs 10.24%/yr for QBE.AX. At a 0.25 correlation, their price movements are largely independent.
Performance
NHYDY vs. QBE.AX - Performance Comparison
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Different Trading Currencies
NHYDY 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, NHYDY achieves a 57.28% return, which is significantly higher than QBE.AX's 24.72% return. Over the past 10 years, NHYDY has outperformed QBE.AX with an annualized return of 17.75%, while QBE.AX has yielded a comparatively lower 10.24% annualized return.
NHYDY
- 1D
- -1.57%
- 1M
- 4.09%
- YTD
- 57.28%
- 6M
- 66.38%
- 1Y
- 126.05%
- 3Y*
- 26.98%
- 5Y*
- 19.63%
- 10Y*
- 17.75%
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%
NHYDY vs. QBE.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NHYDY Norsk Hydro ASA ADR | 57.28% | 47.30% | -14.94% | -4.18% | 5.95% | 76.35% | 34.91% | -15.68% | -38.01% | 65.31% |
QBE.AX QBE Insurance Group Limited | 25.59% | 18.44% | 23.06% | 13.49% | 13.76% | 26.74% | -25.29% | 32.61% | -12.22% | -1.56% |
Correlation
The correlation between NHYDY and QBE.AX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.25 |
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Return for Risk
NHYDY vs. QBE.AX — Risk / Return Rank
NHYDY
QBE.AX
NHYDY vs. QBE.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Norsk Hydro ASA ADR (NHYDY) 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.
| NHYDY | QBE.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.57 | ||
| Sortino ratioReturn per unit of downside risk | +3.77 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.10 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 10.97 | 0.62 | +10.35 |
| Martin ratioReturn relative to average drawdown | 39.71 | 1.27 | +38.44 |
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
| NHYDY | QBE.AX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.99 | 0.42 | +3.57 |
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 | 0.46 | 0.34 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.05 | +0.41 |
Drawdowns
NHYDY vs. QBE.AX - Drawdown Comparison
The maximum NHYDY drawdown since its inception was -73.90%, roughly equal to the maximum QBE.AX drawdown of -74.80%. Use the drawdown chart below to compare losses from any high point for NHYDY and QBE.AX.
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Drawdown Indicators
| NHYDY | QBE.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.90% | -74.80% | +0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -17.00% | +5.44% |
Max Drawdown (3Y)Largest decline over 3 years | -29.35% | -18.73% | -10.62% |
Max Drawdown (5Y)Largest decline over 5 years | -46.67% | -18.73% | -27.94% |
Max Drawdown (10Y)Largest decline over 10 years | -73.90% | -56.60% | -17.30% |
Current DrawdownCurrent decline from peak | -8.68% | -6.58% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -25.23% | -40.73% | +15.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 8.35% | -5.16% |
Volatility
NHYDY vs. QBE.AX - Volatility Comparison
Norsk Hydro ASA ADR (NHYDY) has a higher volatility of 10.64% compared to QBE Insurance Group Limited (QBE.AX) at 5.25%. This indicates that NHYDY'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
| NHYDY | QBE.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.64% | 5.25% | +5.39% |
Volatility (6M)Calculated over the trailing 6-month period | 26.84% | 16.82% | +10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.79% | 25.18% | +6.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.27% | 26.46% | +12.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.36% | 29.91% | +9.45% |
Dividends
NHYDY vs. QBE.AX - Dividend Comparison
NHYDY's dividend yield for the trailing twelve months is around 2.67%, less than QBE.AX's 4.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NHYDY Norsk Hydro ASA ADR | 2.67% | 2.65% | 4.30% | 8.10% | 9.59% | 1.86% | 5.44% | 3.92% | 4.96% | 1.91% | 2.60% | 0.00% |
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
NHYDY vs. QBE.AX - Financials Comparison
This section allows you to compare key financial metrics between Norsk Hydro ASA ADR 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
NHYDY and QBE.AX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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