QBR-B.TO vs. QBE.AX

Last updated Jun 10, 2026

QBR-B.TO (Quebecor Inc) and QBE.AX (QBE Insurance Group Limited) are both stocks. QBR-B.TO operates in Telecom Services (Communication Services), while QBE.AX operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, QBR-B.TO returned 16.85%/yr vs 11.22%/yr for QBE.AX. At a 0.08 correlation, their price movements are largely independent.

Performance

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

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

Different Trading Currencies

QBR-B.TO is traded in CAD, while QBE.AX is traded in AUD. To make them comparable, the QBE.AX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QBR-B.TO achieves a 33.30% return, which is significantly higher than QBE.AX's 26.64% return. Over the past 10 years, QBR-B.TO has outperformed QBE.AX with an annualized return of 16.85%, while QBE.AX has yielded a comparatively lower 11.22% annualized return.

QBR-B.TO

• 1D: 0.58%
• 1M: 20.48%
• YTD: 33.30%
• 6M: 36.09%
• 1Y: 79.68%
• 3Y*: 32.38%
• 5Y*: 20.47%
• 10Y*: 16.85%

QBE.AX

• 1D: 0.00%
• 1M: 0.56%
• YTD: 26.64%
• 6M: 32.00%
• 1Y: 12.75%
• 3Y*: 23.97%
• 5Y*: 20.33%
• 10Y*: 11.22%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QBR-B.TO Quebecor Inc	33.30%	69.85%	4.16%	8.44%	10.30%	-9.74%	1.42%	16.74%	22.16%	28.07%
QBE.AX QBE Insurance Group Limited	27.99%	13.03%	33.48%	10.79%	20.97%	26.68%	-27.06%	27.15%	-4.84%	-8.22%

Correlation

The correlation between QBR-B.TO and QBE.AX is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jul 5, 2007	0.08

Return for Risk

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

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

QBR-B.TO

QBR-B.TO Risk / Return Rank: 96
QBR-B.TO Sharpe Ratio Rank: 97
QBR-B.TO Sortino Ratio Rank: 97
QBR-B.TO Omega Ratio Rank: 96
QBR-B.TO Calmar Ratio Rank: 95
QBR-B.TO Martin Ratio Rank: 97

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.

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

This table presents a comparison of risk-adjusted performance metrics for Quebecor Inc (QBR-B.TO) 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.

	QBR-B.TO	QBE.AX	Difference
Sharpe ratio: Return per unit of total volatility	3.34	0.48	+2.86
Sortino ratio: Return per unit of downside risk	4.32	0.79	+3.54
Omega ratio: Gain probability vs. loss probability	1.57	1.11	+0.46
Calmar ratio: Return relative to maximum drawdown	6.86	0.82	+6.04
Martin ratio: Return relative to average drawdown	22.43	1.65	+20.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current QBR-B.TO Sharpe Ratio is 3.34, which is higher than the QBE.AX Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of QBR-B.TO 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

	QBR-B.TO	QBE.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.34	0.48	+2.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	0.76	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.37	+0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.09	+0.50

Drawdowns

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

The maximum QBR-B.TO drawdown since its inception was -65.30%, roughly equal to the maximum QBE.AX drawdown of -63.46%. Use the drawdown chart below to compare losses from any high point for QBR-B.TO and QBE.AX.

Drawdown Indicators

	QBR-B.TO	QBE.AX	Difference
Max Drawdown Largest peak-to-trough decline	-65.30%	-63.46%	-1.84%
Max Drawdown (1Y) Largest decline over 1 year	-11.67%	-15.10%	+3.43%
Max Drawdown (3Y) Largest decline over 3 years	-18.43%	-19.11%	+0.68%
Max Drawdown (5Y) Largest decline over 5 years	-25.07%	-19.11%	-5.96%
Max Drawdown (10Y) Largest decline over 10 years	-30.06%	-52.58%	+22.52%
Current Drawdown Current decline from peak	-3.01%	-5.51%	+2.50%
Average Drawdown Average peak-to-trough decline	-10.38%	-31.41%	+21.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	7.33%	-3.77%

Volatility

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

Quebecor Inc (QBR-B.TO) has a higher volatility of 10.38% compared to QBE Insurance Group Limited (QBE.AX) at 5.04%. This indicates that QBR-B.TO'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

	QBR-B.TO	QBE.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.38%	5.04%	+5.34%
Volatility (6M) Calculated over the trailing 6-month period	17.96%	17.12%	+0.84%
Volatility (1Y) Calculated over the trailing 1-year period	23.98%	25.73%	-1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.34%	26.59%	-5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.91%	29.93%	-9.02%

Dividends

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

QBR-B.TO's dividend yield for the trailing twelve months is around 2.20%, less than QBE.AX's 4.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
QBR-B.TO Quebecor Inc	2.20%	2.71%	4.13%	3.81%	3.97%	3.85%	2.44%	1.18%	0.67%	0.77%	0.91%	0.77%

Financials

Frequently Asked Questions

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

QBR-B.TO and QBE.AX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.