QBE.AX vs. QBR-A.TO

Last updated Jun 4, 2026

QBE.AX (QBE Insurance Group Limited) and QBR-A.TO (Quebecor Inc) are both stocks. QBE.AX operates in Insurance - Property & Casualty (Financial Services), while QBR-A.TO operates in Telecom Services (Communication Services). Over the past 10 years, QBE.AX returned 9.70%/yr vs 16.46%/yr for QBR-A.TO. At a 0.03 correlation, their price movements are largely independent.

Performance

QBE.AX vs. QBR-A.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in QBE Insurance Group Limited (QBE.AX) and Quebecor Inc (QBR-A.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QBE.AX is traded in AUD, while QBR-A.TO is traded in CAD. To make them comparable, the QBR-A.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 15.44% return, which is significantly lower than QBR-A.TO's 28.00% return. Over the past 10 years, QBE.AX has underperformed QBR-A.TO with an annualized return of 9.70%, while QBR-A.TO has yielded a comparatively higher 16.46% annualized return.

QBE.AX

• 1D: 0.14%
• 1M: -2.25%
• YTD: 15.44%
• 6M: 20.72%
• 1Y: -0.71%
• 3Y*: 20.05%
• 5Y*: 18.70%
• 10Y*: 9.70%

QBR-A.TO

• 1D: 3.35%
• 1M: 23.43%
• YTD: 28.00%
• 6M: 30.63%
• 1Y: 63.57%
• 3Y*: 29.58%
• 5Y*: 19.56%
• 10Y*: 16.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QBE.AX vs. QBR-A.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QBE.AX QBE Insurance Group Limited	15.44%	8.28%	35.37%	13.56%	21.37%	34.23%	-32.11%	33.11%	-3.07%	-9.91%
QBR-A.TO Quebecor Inc	28.00%	58.71%	1.50%	20.16%	8.37%	-2.53%	-5.03%	23.56%	24.09%	25.49%

Correlation

The correlation between QBE.AX and QBR-A.TO is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since May 6, 2009	0.03

Return for Risk

QBE.AX vs. QBR-A.TO — Risk / Return Rank

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

QBE.AX

QBE.AX Risk / Return Rank: 37
QBE.AX Sharpe Ratio Rank: 40
QBE.AX Sortino Ratio Rank: 33
QBE.AX Omega Ratio Rank: 34
QBE.AX Calmar Ratio Rank: 40
QBE.AX Martin Ratio Rank: 40

QBR-A.TO

QBR-A.TO Risk / Return Rank: 96
QBR-A.TO Sharpe Ratio Rank: 95
QBR-A.TO Sortino Ratio Rank: 94
QBR-A.TO Omega Ratio Rank: 93
QBR-A.TO Calmar Ratio Rank: 98
QBR-A.TO Martin Ratio Rank: 98

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.

QBE.AX vs. QBR-A.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for QBE Insurance Group Limited (QBE.AX) and Quebecor Inc (QBR-A.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	QBR-A.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.03	2.36	-2.39
Sortino ratio Return per unit of downside risk	0.11	3.12	-3.00
Omega ratio Gain probability vs. loss probability	1.02	1.40	-0.38
Calmar ratio Return relative to maximum drawdown	-0.03	8.34	-8.37
Martin ratio Return relative to average drawdown	-0.06	19.60	-19.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QBE.AX vs. QBR-A.TO - Sharpe Ratio Comparison

The current QBE.AX Sharpe Ratio is -0.03, which is lower than the QBR-A.TO Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of QBE.AX and QBR-A.TO, 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

	QBE.AX	QBR-A.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	2.36	-2.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.69	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.64	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.78	-0.29

Drawdowns

QBE.AX vs. QBR-A.TO - Drawdown Comparison

The maximum QBE.AX drawdown since its inception was -71.19%, which is greater than QBR-A.TO's maximum drawdown of -34.46%. Use the drawdown chart below to compare losses from any high point for QBE.AX and QBR-A.TO.

Drawdown Indicators

	QBE.AX	QBR-A.TO	Difference
Max Drawdown Largest peak-to-trough decline	-71.19%	-34.46%	-36.73%
Max Drawdown (1Y) Largest decline over 1 year	-20.23%	-12.27%	-7.96%
Max Drawdown (3Y) Largest decline over 3 years	-20.23%	-23.76%	+3.53%
Max Drawdown (5Y) Largest decline over 5 years	-20.23%	-23.76%	+3.53%
Max Drawdown (10Y) Largest decline over 10 years	-50.59%	-23.76%	-26.83%
Current Drawdown Current decline from peak	-7.52%	-0.78%	-6.74%
Average Drawdown Average peak-to-trough decline	-21.45%	-7.46%	-13.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.55%	4.74%	+5.81%

Volatility

QBE.AX vs. QBR-A.TO - Volatility Comparison

The current volatility for QBE Insurance Group Limited (QBE.AX) is 6.27%, while Quebecor Inc (QBR-A.TO) has a volatility of 14.82%. This indicates that QBE.AX experiences smaller price fluctuations and is considered to be less risky than QBR-A.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBE.AX	QBR-A.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	14.82%	-8.55%
Volatility (6M) Calculated over the trailing 6-month period	14.26%	24.90%	-10.64%
Volatility (1Y) Calculated over the trailing 1-year period	23.27%	43.35%	-20.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.83%	38.83%	-15.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.36%	31.68%	-4.32%

Dividends

QBE.AX vs. QBR-A.TO - Dividend Comparison

QBE.AX's dividend yield for the trailing twelve months is around 4.95%, more than QBR-A.TO's 2.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QBE.AX QBE Insurance Group Limited	4.95%	4.75%	3.75%	2.97%	2.08%	0.97%	3.63%	4.11%	2.57%	5.15%	4.11%	3.34%
QBR-A.TO Quebecor Inc	2.11%	2.70%	3.95%	3.51%	3.97%	3.80%	2.44%	1.20%	0.68%	0.45%	0.45%	0.38%

Financials

Frequently Asked Questions

Can I hold both QBE.AX and QBR-A.TO in my portfolio?

QBE.AX and QBR-A.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.