QBE.AX vs. ABX.TO
QBE.AX (QBE Insurance Group Limited) and ABX.TO (Barrick Gold Corporation) are both stocks. QBE.AX operates in Insurance - Property & Casualty (Financial Services), while ABX.TO operates in Gold (Basic Materials). Over the past 10 years, QBE.AX returned 10.85%/yr vs 9.88%/yr for ABX.TO. At a correlation of -0.01, they often move in opposite directions.
Performance
QBE.AX vs. ABX.TO - Performance Comparison
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Different Trading Currencies
QBE.AX is traded in AUD, while ABX.TO is traded in CAD. To make them comparable, the ABX.TO values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, QBE.AX achieves a 19.29% return, which is significantly higher than ABX.TO's -13.95% return. Over the past 10 years, QBE.AX has outperformed ABX.TO with an annualized return of 10.85%, while ABX.TO has yielded a comparatively lower 9.88% annualized return.
QBE.AX
- 1D
- 0.88%
- 1M
- 2.56%
- YTD
- 19.29%
- 6M
- 24.68%
- 1Y
- 3.06%
- 3Y*
- 20.95%
- 5Y*
- 19.54%
- 10Y*
- 10.85%
ABX.TO
- 1D
- -0.77%
- 1M
- -6.40%
- YTD
- -13.95%
- 6M
- -8.62%
- 1Y
- 82.55%
- 3Y*
- 33.27%
- 5Y*
- 16.24%
- 10Y*
- 9.88%
QBE.AX vs. ABX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QBE.AX QBE Insurance Group Limited | 19.29% | 9.85% | 35.40% | 13.56% | 21.37% | 34.23% | -31.92% | 33.11% | -2.76% | -9.15% |
ABX.TO Barrick Gold Corporation | -13.95% | 166.16% | -3.29% | 8.31% | 1.54% | -8.89% | 13.73% | 38.12% | 4.86% | -15.67% |
Correlation
The correlation between QBE.AX and ABX.TO is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2007 | -0.01 |
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Return for Risk
QBE.AX vs. ABX.TO — Risk / Return Rank
QBE.AX
ABX.TO
QBE.AX vs. ABX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for QBE Insurance Group Limited (QBE.AX) and Barrick Gold Corporation (ABX.TO). 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.
| QBE.AX | ABX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.33 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 2.86 | -2.69 |
| Martin ratioReturn relative to average drawdown | 0.32 | 6.88 | -6.56 |
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
| QBE.AX | ABX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 1.96 | -1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.50 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.29 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.10 | +0.04 |
Drawdowns
QBE.AX vs. ABX.TO - Drawdown Comparison
The maximum QBE.AX drawdown since its inception was -62.58%, smaller than the maximum ABX.TO drawdown of -84.70%. Use the drawdown chart below to compare losses from any high point for QBE.AX and ABX.TO.
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Drawdown Indicators
| QBE.AX | ABX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.58% | -84.70% | +22.12% |
Max Drawdown (1Y)Largest decline over 1 year | -18.21% | -29.05% | +10.84% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -29.05% | +9.99% |
Max Drawdown (5Y)Largest decline over 5 years | -19.95% | -38.64% | +18.69% |
Max Drawdown (10Y)Largest decline over 10 years | -50.45% | -55.21% | +4.76% |
Current DrawdownCurrent decline from peak | -4.43% | -25.03% | +20.60% |
Average DrawdownAverage peak-to-trough decline | -35.16% | -43.79% | +8.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.02% | 12.04% | -3.02% |
Volatility
QBE.AX vs. ABX.TO - Volatility Comparison
The current volatility for QBE Insurance Group Limited (QBE.AX) is 6.26%, while Barrick Gold Corporation (ABX.TO) has a volatility of 14.90%. This indicates that QBE.AX experiences smaller price fluctuations and is considered to be less risky than ABX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QBE.AX | ABX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 14.90% | -8.64% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 31.16% | -16.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.64% | 42.45% | -18.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.86% | 32.96% | -9.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.37% | 34.74% | -7.37% |
Dividends
QBE.AX vs. ABX.TO - Dividend Comparison
QBE.AX's dividend yield for the trailing twelve months is around 4.79%, more than ABX.TO's 2.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABX.TO Barrick Gold Corporation | 2.32% | 1.22% | 2.46% | 2.27% | 4.77% | 3.96% | 1.33% | 0.60% | 1.17% | 0.72% | 0.47% | 1.43% |
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
QBE.AX vs. ABX.TO - Financials Comparison
This section allows you to compare key financial metrics between QBE Insurance Group Limited and Barrick Gold Corporation. 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
QBE.AX and ABX.TO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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