QQ.L vs. ELV
QQ.L (QinetiQ Group plc) and ELV (Elevance Health Inc) are both stocks. QQ.L operates in Aerospace & Defense (Industrials), while ELV operates in Healthcare Plans (Healthcare). Over the past 10 years, QQ.L returned 9.42%/yr vs 14.47%/yr for ELV. At a 0.11 correlation, their price movements are largely independent.
Performance
QQ.L vs. ELV - Performance Comparison
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Different Trading Currencies
QQ.L is traded in GBp, while ELV is traded in USD. To make them comparable, the ELV 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 ELV's 20.47% return. Over the past 10 years, QQ.L has underperformed ELV with an annualized return of 9.42%, while ELV has yielded a comparatively higher 14.47% 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%
ELV
- 1D
- 0.00%
- 1M
- 12.32%
- YTD
- 20.47%
- 6M
- 26.29%
- 1Y
- 9.40%
- 3Y*
- -4.48%
- 5Y*
- 4.04%
- 10Y*
- 14.47%
QQ.L vs. ELV - 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% |
ELV Elevance Health Inc | 21.19% | -10.04% | -19.33% | -11.54% | 25.12% | 47.50% | 4.58% | 11.91% | 25.11% | 44.99% |
Correlation
The correlation between QQ.L and ELV 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 | -0.03 |
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 | 0.11 |
The correlation between QQ.L and ELV shifts across timeframes, from -0.08 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
Fundamentals
QQ.L:
£2.48B
ELV:
$92.16B
QQ.L:
-£0.14
ELV:
$23.46
QQ.L:
0.67
ELV:
0.47
QQ.L:
4.49
ELV:
2.10
QQ.L:
£3.85B
ELV:
$200.42B
QQ.L:
£372.10M
ELV:
$46.43B
QQ.L:
£533.20M
ELV:
$8.92B
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Return for Risk
QQ.L vs. ELV — Risk / Return Rank
QQ.L
ELV
QQ.L vs. ELV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for QinetiQ Group plc (QQ.L) and Elevance Health Inc (ELV). 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 | ELV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.09 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 0.33 | -0.79 |
| Martin ratioReturn relative to average drawdown | -0.89 | 0.62 | -1.51 |
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 | ELV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | 0.24 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.14 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.47 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.40 | -0.13 |
Drawdowns
QQ.L vs. ELV - Drawdown Comparison
The maximum QQ.L drawdown since its inception was -55.68%, roughly equal to the maximum ELV drawdown of -55.92%. Use the drawdown chart below to compare losses from any high point for QQ.L and ELV.
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Drawdown Indicators
| QQ.L | ELV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.68% | -55.92% | +0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -25.90% | -28.82% | +2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -31.77% | -51.60% | +19.83% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -55.55% | +23.78% |
Max Drawdown (10Y)Largest decline over 10 years | -38.09% | -55.55% | +17.46% |
Current DrawdownCurrent decline from peak | -15.33% | -31.28% | +15.95% |
Average DrawdownAverage peak-to-trough decline | -16.92% | -15.23% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.72% | 15.47% | -2.75% |
Volatility
QQ.L vs. ELV - Volatility Comparison
QinetiQ Group plc (QQ.L) has a higher volatility of 11.81% compared to Elevance Health Inc (ELV) at 8.62%. This indicates that QQ.L's price experiences larger fluctuations and is considered to be riskier than ELV 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 | ELV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.81% | 8.62% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 22.30% | 28.07% | -5.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.48% | 38.72% | -7.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.20% | 29.28% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 31.15% | -2.26% |
Dividends
QQ.L vs. ELV - Dividend Comparison
QQ.L's dividend yield for the trailing twelve months is around 1.90%, more than ELV's 1.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELV Elevance Health Inc | 1.64% | 1.95% | 1.77% | 1.26% | 1.00% | 0.98% | 1.18% | 1.06% | 1.14% | 1.20% | 1.81% | 1.79% |
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. ELV - Financials Comparison
This section allows you to compare key financial metrics between QinetiQ Group plc and Elevance Health 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. ELV - 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%.
ELV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Elevance Health Inc reported a gross profit of 9.10B and revenue of 50.18B. Therefore, the gross margin over that period was 18.1%.
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%.
ELV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Elevance Health Inc reported an operating income of 2.66B and revenue of 50.18B, resulting in an operating margin of 5.3%.
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%.
ELV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Elevance Health Inc reported a net income of 1.76B and revenue of 50.18B, resulting in a net margin of 3.5%.
Frequently Asked Questions
QQ.L and ELV 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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