QQ.L vs. BA.L
QQ.L (QinetiQ Group plc) and BA.L (BAE Systems plc) 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 18.37%/yr for BA.L. At a 0.42 correlation, their price movements are largely independent.
Performance
QQ.L vs. BA.L - Performance Comparison
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Returns By Period
In the year-to-date period, QQ.L achieves a 7.09% return, which is significantly lower than BA.L's 11.80% return. Over the past 10 years, QQ.L has underperformed BA.L with an annualized return of 9.16%, while BA.L has yielded a comparatively higher 18.37% 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%
BA.L
- 1D
- 0.84%
- 1M
- -7.75%
- YTD
- 11.80%
- 6M
- 13.62%
- 1Y
- -1.65%
- 3Y*
- 29.31%
- 5Y*
- 32.31%
- 10Y*
- 18.37%
QQ.L vs. BA.L - 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% |
BA.L BAE Systems plc | 11.80% | 52.12% | 5.88% | 33.31% | 60.92% | 17.57% | -9.28% | 28.43% | -16.75% | 0.30% |
Correlation
The correlation between QQ.L and BA.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2006 | 0.42 |
Over the past year, QQ.L and BA.L have become more correlated (0.73) than their long-term average of 0.42, meaning their price movements have been converging.
Fundamentals
QQ.L:
£2.45B
BA.L:
£58.12B
QQ.L:
-£0.14
BA.L:
£1.33
QQ.L:
0.66
BA.L:
1.06
QQ.L:
4.44
BA.L:
4.93
QQ.L:
£3.85B
BA.L:
£54.65B
QQ.L:
£372.10M
BA.L:
£4.75B
QQ.L:
£533.20M
BA.L:
£7.55B
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Return for Risk
QQ.L vs. BA.L — Risk / Return Rank
QQ.L
BA.L
QQ.L vs. BA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for QinetiQ Group plc (QQ.L) and BAE Systems plc (BA.L). 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 | BA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.02 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | -0.08 | -0.39 |
| Martin ratioReturn relative to average drawdown | -0.83 | -0.16 | -0.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQ.L | BA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.41 | -0.05 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 1.25 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.73 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.32 | -0.10 |
Drawdowns
QQ.L vs. BA.L - Drawdown Comparison
The maximum QQ.L drawdown since its inception was -55.68%, smaller than the maximum BA.L drawdown of -84.46%. Use the drawdown chart below to compare losses from any high point for QQ.L and BA.L.
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Drawdown Indicators
| QQ.L | BA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.68% | -84.46% | +28.78% |
Max Drawdown (1Y)Largest decline over 1 year | -27.95% | -21.30% | -6.65% |
Max Drawdown (3Y)Largest decline over 3 years | -31.77% | -21.30% | -10.47% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -21.30% | -10.47% |
Max Drawdown (10Y)Largest decline over 10 years | -38.09% | -37.80% | -0.29% |
Current DrawdownCurrent decline from peak | -16.33% | -17.79% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -17.16% | -21.36% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.52% | 9.70% | +3.82% |
Volatility
QQ.L vs. BA.L - Volatility Comparison
QinetiQ Group plc (QQ.L) has a higher volatility of 12.37% compared to BAE Systems plc (BA.L) at 9.86%. This indicates that QQ.L's price experiences larger fluctuations and is considered to be riskier than BA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQ.L | BA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.37% | 9.86% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 22.28% | 23.66% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.03% | 30.05% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.20% | 25.81% | +5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.88% | 25.07% | +3.81% |
Dividends
QQ.L vs. BA.L - Dividend Comparison
QQ.L's dividend yield for the trailing twelve months is around 1.93%, more than BA.L's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 0.72% | 1.99% | 2.69% | 2.53% | 2.99% | 4.40% | 4.75% | 4.00% | 4.79% | 3.75% | 3.57% | 4.14% |
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
QQ.L vs. BA.L - Financials Comparison
This section allows you to compare key financial metrics between QinetiQ Group plc and BAE Systems plc. 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. BA.L - 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%.
BA.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a gross profit of 1.35B and revenue of 14.77B. Therefore, the gross margin over that period was 9.2%.
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%.
BA.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported an operating income of 1.35B and revenue of 14.77B, resulting in an operating margin of 9.2%.
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%.
BA.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a net income of 1.09B and revenue of 14.77B, resulting in a net margin of 7.4%.
Frequently Asked Questions
QQ.L and BA.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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