QQ.L vs. ALGN
QQ.L (QinetiQ Group plc) and ALGN (Align Technology, Inc.) are both stocks. QQ.L operates in Aerospace & Defense (Industrials), while ALGN operates in Medical Devices (Healthcare). Over the past 10 years, QQ.L returned 9.42%/yr vs 8.84%/yr for ALGN. At a 0.12 correlation, their price movements are largely independent.
Performance
QQ.L vs. ALGN - Performance Comparison
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Different Trading Currencies
QQ.L is traded in GBp, while ALGN is traded in USD. To make them comparable, the ALGN values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, QQ.L achieves a 8.36% return, which is significantly lower than ALGN's 11.26% return. Over the past 10 years, QQ.L has outperformed ALGN with an annualized return of 9.42%, while ALGN has yielded a comparatively lower 8.84% annualized return.
QQ.L
- 1D
- 1.06%
- 1M
- 12.89%
- YTD
- 8.36%
- 6M
- 13.56%
- 1Y
- -12.02%
- 3Y*
- 11.16%
- 5Y*
- 8.50%
- 10Y*
- 9.42%
ALGN
- 1D
- 2.54%
- 1M
- 4.14%
- YTD
- 11.26%
- 6M
- 8.93%
- 1Y
- -3.44%
- 3Y*
- -18.94%
- 5Y*
- -20.84%
- 10Y*
- 8.84%
QQ.L vs. ALGN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQ.L QinetiQ Group plc | 8.36% | 8.34% | 37.22% | -11.50% | 37.15% | -15.08% | -8.68% | 27.80% | 27.13% | -9.87% |
ALGN Align Technology, Inc. | 11.26% | -30.45% | -22.57% | 23.43% | -64.09% | 24.14% | 85.88% | 28.17% | -0.15% | 111.15% |
Correlation
The correlation between QQ.L and ALGN 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 | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2007 | 0.12 |
The correlation between QQ.L and ALGN shifts across timeframes, from 0.01 (5 years) to 0.12 (all time), reflecting how their relationship changes across market environments.
Fundamentals
QQ.L:
£2.48B
ALGN:
$12.32B
QQ.L:
-£0.14
ALGN:
$5.96
QQ.L:
0.67
ALGN:
3.03
QQ.L:
4.49
ALGN:
2.97
QQ.L:
£3.85B
ALGN:
$4.10B
QQ.L:
£372.10M
ALGN:
$2.77B
QQ.L:
£533.20M
ALGN:
$776.15M
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Return for Risk
QQ.L vs. ALGN — Risk / Return Rank
QQ.L
ALGN
QQ.L vs. ALGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for QinetiQ Group plc (QQ.L) and Align Technology, Inc. (ALGN). 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.
| QQ.L | ALGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.05 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | -0.09 | -0.38 |
| Martin ratioReturn relative to average drawdown | -0.89 | -0.14 | -0.74 |
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
| QQ.L | ALGN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | -0.07 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | -0.43 | +0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.18 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.27 | 0.00 |
Drawdowns
QQ.L vs. ALGN - Drawdown Comparison
The maximum QQ.L drawdown since its inception was -55.68%, smaller than the maximum ALGN drawdown of -82.45%. Use the drawdown chart below to compare losses from any high point for QQ.L and ALGN.
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Drawdown Indicators
| QQ.L | ALGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.68% | -82.45% | +26.77% |
Max Drawdown (1Y)Largest decline over 1 year | -25.90% | -39.97% | +14.07% |
Max Drawdown (3Y)Largest decline over 3 years | -31.77% | -69.07% | +37.30% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -82.45% | +50.68% |
Max Drawdown (10Y)Largest decline over 10 years | -38.09% | -82.45% | +44.36% |
Current DrawdownCurrent decline from peak | -15.33% | -75.69% | +60.36% |
Average DrawdownAverage peak-to-trough decline | -16.92% | -28.95% | +12.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.72% | 24.13% | -11.41% |
Volatility
QQ.L vs. ALGN - Volatility Comparison
QinetiQ Group plc (QQ.L) and Align Technology, Inc. (ALGN) have volatilities of 11.81% and 11.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQ.L | ALGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.81% | 11.30% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 22.30% | 27.72% | -5.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.48% | 51.84% | -20.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.20% | 48.30% | -17.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 48.35% | -19.46% |
Dividends
QQ.L vs. ALGN - Dividend Comparison
QQ.L's dividend yield for the trailing twelve months is around 1.90%, while ALGN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALGN Align Technology, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQ.L QinetiQ Group plc | 1.90% | 2.00% | 1.99% | 2.49% | 2.04% | 2.59% | 2.06% | 1.84% | 2.20% | 2.60% | 2.17% | 1.99% |
Financials
QQ.L vs. ALGN - Financials Comparison
This section allows you to compare key financial metrics between QinetiQ Group plc and Align Technology, Inc.. 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
QQ.L vs. ALGN - Profitability Comparison
QQ.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, QinetiQ Group plc reported a gross profit of 110.20M and revenue of 1.02B. Therefore, the gross margin over that period was 10.8%.
ALGN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Align Technology, Inc. reported a gross profit of 736.59M and revenue of 1.04B. Therefore, the gross margin over that period was 70.8%.
QQ.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, QinetiQ Group plc reported an operating income of 110.20M and revenue of 1.02B, resulting in an operating margin of 10.8%.
ALGN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Align Technology, Inc. reported an operating income of 141.96M and revenue of 1.04B, resulting in an operating margin of 13.7%.
QQ.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, QinetiQ Group plc reported a net income of 69.20M and revenue of 1.02B, resulting in a net margin of 6.8%.
ALGN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Align Technology, Inc. reported a net income of 112.77M and revenue of 1.04B, resulting in a net margin of 10.8%.
Frequently Asked Questions
QQ.L and ALGN 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.
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