OVCHY vs. QBE.AX

Last updated Jun 9, 2026

OVCHY (Overseas Chinese Banking Corp Ltd ADR) and QBE.AX (QBE Insurance Group Limited) are both stocks. Both are in the Financial Services sector — OVCHY in Banks - Regional, QBE.AX in Insurance - Property & Casualty. Over the past 10 years, OVCHY returned 17.14%/yr vs 10.24%/yr for QBE.AX. At a 0.17 correlation, their price movements are largely independent.

Performance

OVCHY vs. QBE.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Overseas Chinese Banking Corp Ltd ADR (OVCHY) and QBE Insurance Group Limited (QBE.AX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

OVCHY 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, OVCHY achieves a 21.10% return, which is significantly lower than QBE.AX's 24.72% return. Over the past 10 years, OVCHY has outperformed QBE.AX with an annualized return of 17.14%, while QBE.AX has yielded a comparatively lower 10.24% annualized return.

OVCHY

• 1D: -1.27%
• 1M: 4.32%
• YTD: 21.10%
• 6M: 30.73%
• 1Y: 52.46%
• 3Y*: 33.96%
• 5Y*: 20.56%
• 10Y*: 17.14%

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)

OVCHY vs. QBE.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OVCHY Overseas Chinese Banking Corp Ltd ADR	21.10%	33.93%	33.06%	15.54%	11.75%	14.29%	-1.22%	1.15%	-8.35%	59.34%
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 OVCHY and QBE.AX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jan 12, 2010	0.17

Return for Risk

OVCHY vs. QBE.AX — Risk / Return Rank

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

OVCHY

OVCHY Risk / Return Rank: 93
OVCHY Sharpe Ratio Rank: 93
OVCHY Sortino Ratio Rank: 92
OVCHY Omega Ratio Rank: 91
OVCHY Calmar Ratio Rank: 95
OVCHY Martin Ratio Rank: 94

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.

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

This table presents a comparison of risk-adjusted performance metrics for Overseas Chinese Banking Corp Ltd ADR (OVCHY) 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.

	OVCHY	QBE.AX	Difference
Sharpe ratio: Return per unit of total volatility	2.45	0.42	+2.03
Sortino ratio: Return per unit of downside risk	3.29	0.71	+2.58
Omega ratio: Gain probability vs. loss probability	1.43	1.10	+0.33
Calmar ratio: Return relative to maximum drawdown	6.56	0.62	+5.94
Martin ratio: Return relative to average drawdown	17.26	1.27	+15.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OVCHY vs. QBE.AX - Sharpe Ratio Comparison

The current OVCHY Sharpe Ratio is 2.45, which is higher than the QBE.AX Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of OVCHY 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

	OVCHY	QBE.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	0.42	+2.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.64	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.34	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.05	+0.43

Drawdowns

OVCHY vs. QBE.AX - Drawdown Comparison

The maximum OVCHY drawdown since its inception was -45.62%, smaller than the maximum QBE.AX drawdown of -74.80%. Use the drawdown chart below to compare losses from any high point for OVCHY and QBE.AX.

Drawdown Indicators

	OVCHY	QBE.AX	Difference
Max Drawdown Largest peak-to-trough decline	-45.62%	-74.80%	+29.18%
Max Drawdown (1Y) Largest decline over 1 year	-8.04%	-17.00%	+8.96%
Max Drawdown (3Y) Largest decline over 3 years	-17.96%	-18.73%	+0.77%
Max Drawdown (5Y) Largest decline over 5 years	-18.37%	-18.73%	+0.36%
Max Drawdown (10Y) Largest decline over 10 years	-45.62%	-56.60%	+10.98%
Current Drawdown Current decline from peak	-4.40%	-6.58%	+2.18%
Average Drawdown Average peak-to-trough decline	-9.90%	-40.73%	+30.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	8.35%	-5.30%

Volatility

OVCHY vs. QBE.AX - Volatility Comparison

The current volatility for Overseas Chinese Banking Corp Ltd ADR (OVCHY) is 4.96%, while QBE Insurance Group Limited (QBE.AX) has a volatility of 5.25%. This indicates that OVCHY experiences smaller price fluctuations and is considered to be less risky than QBE.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OVCHY	QBE.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	5.25%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	12.65%	16.82%	-4.17%
Volatility (1Y) Calculated over the trailing 1-year period	21.58%	25.18%	-3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.82%	26.46%	-2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.04%	29.91%	-4.87%

Dividends

OVCHY vs. QBE.AX - Dividend Comparison

OVCHY's dividend yield for the trailing twelve months is around 4.21%, less than QBE.AX's 4.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OVCHY Overseas Chinese Banking Corp Ltd ADR	4.21%	4.78%	5.25%	6.07%	4.55%	3.35%	3.79%	3.83%	3.08%	3.93%	8.07%	3.64%
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 OVCHY and QBE.AX in my portfolio?

OVCHY and QBE.AX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.