PAC vs. QBE.AX

Last updated Jun 10, 2026

PAC (Grupo Aeroportuario del Pacífico, S.A.B. de C.V.) and QBE.AX (QBE Insurance Group Limited) are both stocks. PAC operates in Airports & Air Services (Industrials), while QBE.AX operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, PAC returned 13.59%/yr vs 10.24%/yr for QBE.AX. At a 0.22 correlation, their price movements are largely independent.

Performance

PAC vs. QBE.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) and QBE Insurance Group Limited (QBE.AX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PAC 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, PAC achieves a -14.21% return, which is significantly lower than QBE.AX's 24.72% return. Over the past 10 years, PAC has outperformed QBE.AX with an annualized return of 13.59%, while QBE.AX has yielded a comparatively lower 10.24% annualized return.

PAC

• 1D: 0.75%
• 1M: -7.99%
• YTD: -14.21%
• 6M: -5.86%
• 1Y: -3.21%
• 3Y*: 12.82%
• 5Y*: 19.59%
• 10Y*: 13.59%

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)

PAC vs. QBE.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAC Grupo Aeroportuario del Pacífico, S.A.B. de C.V.	-14.21%	56.30%	4.19%	28.64%	9.79%	29.95%	-6.17%	54.36%	-15.66%	32.15%
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 PAC and QBE.AX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jul 5, 2007	0.22

Return for Risk

PAC vs. QBE.AX — Risk / Return Rank

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

PAC

PAC Risk / Return Rank: 37
PAC Sharpe Ratio Rank: 39
PAC Sortino Ratio Rank: 34
PAC Omega Ratio Rank: 33
PAC Calmar Ratio Rank: 39
PAC Martin Ratio Rank: 39

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.

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

This table presents a comparison of risk-adjusted performance metrics for Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) 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.

	PAC	QBE.AX	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	0.42	-0.52
Sortino ratio: Return per unit of downside risk	0.06	0.71	-0.64
Omega ratio: Gain probability vs. loss probability	1.01	1.10	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.13	0.62	-0.75
Martin ratio: Return relative to average drawdown	-0.27	1.27	-1.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAC vs. QBE.AX - Sharpe Ratio Comparison

The current PAC Sharpe Ratio is -0.11, which is lower than the QBE.AX Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of PAC 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

	PAC	QBE.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.11	0.42	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.64	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.34	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.05	+0.41

Drawdowns

PAC vs. QBE.AX - Drawdown Comparison

The maximum PAC drawdown since its inception was -73.20%, roughly equal to the maximum QBE.AX drawdown of -74.80%. Use the drawdown chart below to compare losses from any high point for PAC and QBE.AX.

Drawdown Indicators

	PAC	QBE.AX	Difference
Max Drawdown Largest peak-to-trough decline	-73.20%	-74.80%	+1.60%
Max Drawdown (1Y) Largest decline over 1 year	-25.31%	-17.00%	-8.31%
Max Drawdown (3Y) Largest decline over 3 years	-42.83%	-18.73%	-24.10%
Max Drawdown (5Y) Largest decline over 5 years	-42.83%	-18.73%	-24.10%
Max Drawdown (10Y) Largest decline over 10 years	-66.65%	-56.60%	-10.05%
Current Drawdown Current decline from peak	-24.71%	-6.58%	-18.13%
Average Drawdown Average peak-to-trough decline	-16.52%	-40.73%	+24.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.08%	8.35%	+3.73%

Volatility

PAC vs. QBE.AX - Volatility Comparison

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) has a higher volatility of 8.81% compared to QBE Insurance Group Limited (QBE.AX) at 5.25%. This indicates that PAC'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.

Volatility by Period

	PAC	QBE.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.81%	5.25%	+3.56%
Volatility (6M) Calculated over the trailing 6-month period	25.88%	16.82%	+9.06%
Volatility (1Y) Calculated over the trailing 1-year period	30.62%	25.18%	+5.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.08%	26.46%	+9.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.49%	29.91%	+8.58%

Dividends

PAC vs. QBE.AX - Dividend Comparison

PAC's dividend yield for the trailing twelve months is around 1.97%, less than QBE.AX's 4.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PAC Grupo Aeroportuario del Pacífico, S.A.B. de C.V.	1.97%	3.33%	4.14%	4.88%	5.02%	4.17%	0.00%	4.99%	6.27%	5.83%	4.50%	3.98%
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 PAC and QBE.AX in my portfolio?

PAC and QBE.AX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.