QQ.L vs. AM.PA

Last updated Jun 5, 2026

QQ.L (QinetiQ Group plc) and AM.PA (Dassault Aviation SA) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, QQ.L returned 9.16%/yr vs 14.46%/yr for AM.PA. At a 0.24 correlation, their price movements are largely independent.

Performance

QQ.L vs. AM.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in QinetiQ Group plc (QQ.L) and Dassault Aviation SA (AM.PA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QQ.L is traded in GBp, while AM.PA is traded in EUR. To make them comparable, the AM.PA 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 7.09% return, which is significantly lower than AM.PA's 9.00% return. Over the past 10 years, QQ.L has underperformed AM.PA with an annualized return of 9.16%, while AM.PA has yielded a comparatively higher 14.46% annualized return.

QQ.L

• 1D: -0.63%
• 1M: 6.33%
• YTD: 7.09%
• 6M: 13.19%
• 1Y: -13.14%
• 3Y*: 11.87%
• 5Y*: 8.02%
• 10Y*: 9.16%

AM.PA

• 1D: 3.27%
• 1M: -0.42%
• YTD: 9.00%
• 6M: 9.95%
• 1Y: -2.41%
• 3Y*: 24.19%
• 5Y*: 26.35%
• 10Y*: 14.46%

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

QQ.L vs. AM.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QQ.L QinetiQ Group plc	7.09%	8.34%	37.22%	-11.50%	37.15%	-15.08%	-8.68%	27.80%	27.13%	-9.87%
AM.PA Dassault Aviation SA	9.00%	48.53%	6.76%	12.99%	78.00%	0.90%	-19.00%	-7.22%	-4.97%	28.64%

Correlation

The correlation between QQ.L and AM.PA is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jul 3, 2007	0.24

Over the past year, QQ.L and AM.PA have become more correlated (0.63) than their long-term average of 0.24, meaning their price movements have been converging.

Return for Risk

QQ.L vs. AM.PA — Risk / Return Rank

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

QQ.L

QQ.L Risk / Return Rank: 24
QQ.L Sharpe Ratio Rank: 23
QQ.L Sortino Ratio Rank: 22
QQ.L Omega Ratio Rank: 23
QQ.L Calmar Ratio Rank: 25
QQ.L Martin Ratio Rank: 25

AM.PA

AM.PA Risk / Return Rank: 32
AM.PA Sharpe Ratio Rank: 35
AM.PA Sortino Ratio Rank: 30
AM.PA Omega Ratio Rank: 30
AM.PA Calmar Ratio Rank: 34
AM.PA Martin Ratio Rank: 34

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.

QQ.L vs. AM.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for QinetiQ Group plc (QQ.L) and Dassault Aviation SA (AM.PA). 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	AM.PA	Difference
Sharpe ratio: Return per unit of total volatility	-0.41	-0.08	-0.33
Sortino ratio: Return per unit of downside risk	-0.40	0.11	-0.51
Omega ratio: Gain probability vs. loss probability	0.95	1.01	-0.06
Calmar ratio: Return relative to maximum drawdown	-0.47	-0.11	-0.36
Martin ratio: Return relative to average drawdown	-0.83	-0.23	-0.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQ.L vs. AM.PA - Sharpe Ratio Comparison

The current QQ.L Sharpe Ratio is -0.41, which is lower than the AM.PA Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of QQ.L and AM.PA, 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

	QQ.L	AM.PA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.41	-0.08	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.88	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.50	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.33	-0.12

Drawdowns

QQ.L vs. AM.PA - Drawdown Comparison

The maximum QQ.L drawdown since its inception was -55.68%, smaller than the maximum AM.PA drawdown of -62.23%. Use the drawdown chart below to compare losses from any high point for QQ.L and AM.PA.

Drawdown Indicators

	QQ.L	AM.PA	Difference
Max Drawdown Largest peak-to-trough decline	-55.68%	-62.23%	+6.55%
Max Drawdown (1Y) Largest decline over 1 year	-27.95%	-21.35%	-6.60%
Max Drawdown (3Y) Largest decline over 3 years	-31.77%	-23.55%	-8.22%
Max Drawdown (5Y) Largest decline over 5 years	-31.77%	-26.94%	-4.83%
Max Drawdown (10Y) Largest decline over 10 years	-38.09%	-62.23%	+24.14%
Current Drawdown Current decline from peak	-16.33%	-15.76%	-0.57%
Average Drawdown Average peak-to-trough decline	-17.16%	-15.72%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.52%	9.93%	+3.59%

Volatility

QQ.L vs. AM.PA - Volatility Comparison

QinetiQ Group plc (QQ.L) has a higher volatility of 12.37% compared to Dassault Aviation SA (AM.PA) at 8.98%. This indicates that QQ.L's price experiences larger fluctuations and is considered to be riskier than AM.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQ.L	AM.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.37%	8.98%	+3.39%
Volatility (6M) Calculated over the trailing 6-month period	22.28%	24.16%	-1.88%
Volatility (1Y) Calculated over the trailing 1-year period	32.03%	31.16%	+0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.20%	29.27%	+1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.88%	28.75%	+0.13%

Dividends

QQ.L vs. AM.PA - Dividend Comparison

QQ.L's dividend yield for the trailing twelve months is around 1.93%, more than AM.PA's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AM.PA Dassault Aviation SA	1.62%	1.72%	1.71%	1.67%	1.57%	1.29%	0.00%	1.81%	1.26%	0.93%	1.14%	0.87%
QQ.L QinetiQ Group plc	1.93%	2.00%	1.99%	2.49%	2.04%	2.59%	2.06%	1.84%	2.20%	2.60%	2.17%	1.99%

Financials

Frequently Asked Questions

Can I hold both QQ.L and AM.PA in my portfolio?

QQ.L and AM.PA have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.