AIT vs. BRO
AIT (Applied Industrial Technologies, Inc.) and BRO (Brown & Brown, Inc.) are both stocks. AIT operates in Industrial Distribution (Industrials), while BRO operates in Insurance Brokers (Financial Services). Over the past 10 years, AIT returned 22.87%/yr vs 13.27%/yr for BRO. At a 0.29 correlation, their price movements are largely independent.
Performance
AIT vs. BRO - Performance Comparison
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Returns By Period
In the year-to-date period, AIT achieves a 22.87% return, which is significantly higher than BRO's -26.85% return. Over the past 10 years, AIT has outperformed BRO with an annualized return of 22.87%, while BRO has yielded a comparatively lower 13.27% annualized return.
AIT
- 1D
- -0.28%
- 1M
- 1.96%
- YTD
- 22.87%
- 6M
- 22.65%
- 1Y
- 36.57%
- 3Y*
- 33.63%
- 5Y*
- 28.07%
- 10Y*
- 22.87%
BRO
- 1D
- -1.46%
- 1M
- 3.05%
- YTD
- -26.85%
- 6M
- -24.91%
- 1Y
- -47.08%
- 3Y*
- -2.56%
- 5Y*
- 3.04%
- 10Y*
- 13.27%
AIT vs. BRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 22.87% | 8.01% | 39.67% | 38.35% | 24.25% | 33.57% | 19.37% | 26.35% | -19.41% | 16.89% |
BRO Brown & Brown, Inc. | -26.85% | -21.37% | 44.32% | 25.73% | -18.39% | 49.31% | 21.06% | 44.67% | 8.30% | 16.15% |
Correlation
The correlation between AIT and BRO is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 1992 | 0.29 |
Over the past year, the correlation between AIT and BRO has dropped to 0.07 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
Fundamentals
AIT:
$10.56
BRO:
$4.76
AIT:
29.78
BRO:
12.18
AIT:
0.93
BRO:
0.89
AIT:
2.48
BRO:
2.18
AIT:
$4.84B
BRO:
$6.43B
AIT:
$1.47B
BRO:
$3.82B
AIT:
$563.38M
BRO:
$1.51B
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Return for Risk
AIT vs. BRO — Risk / Return Rank
AIT
BRO
AIT vs. BRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Industrial Technologies, Inc. (AIT) and Brown & Brown, Inc. (BRO). 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.
| AIT | BRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.06 | ||
| Sortino ratioReturn per unit of downside risk | +4.42 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.69 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | -0.93 | +3.79 |
| Martin ratioReturn relative to average drawdown | 6.86 | -1.59 | +8.45 |
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
| AIT | BRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | -1.66 | +3.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.12 | +0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.56 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.50 | -0.07 |
Drawdowns
AIT vs. BRO - Drawdown Comparison
The maximum AIT drawdown since its inception was -66.47%, which is greater than BRO's maximum drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for AIT and BRO.
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Drawdown Indicators
| AIT | BRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.47% | -55.85% | -10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -50.55% | +37.69% |
Max Drawdown (3Y)Largest decline over 3 years | -26.42% | -55.85% | +29.43% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -55.85% | +29.43% |
Max Drawdown (10Y)Largest decline over 10 years | -59.29% | -55.85% | -3.44% |
Current DrawdownCurrent decline from peak | -0.28% | -52.91% | +52.63% |
Average DrawdownAverage peak-to-trough decline | -18.04% | -13.52% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 29.57% | -24.22% |
Volatility
AIT vs. BRO - Volatility Comparison
The current volatility for Applied Industrial Technologies, Inc. (AIT) is 5.61%, while Brown & Brown, Inc. (BRO) has a volatility of 9.52%. This indicates that AIT experiences smaller price fluctuations and is considered to be less risky than BRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIT | BRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 9.52% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 19.07% | 21.90% | -2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.31% | 28.53% | -2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.49% | 24.81% | +5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.29% | 23.69% | +9.60% |
Dividends
AIT vs. BRO - Dividend Comparison
AIT's dividend yield for the trailing twelve months is around 0.62%, less than BRO's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.62% | 0.72% | 0.62% | 0.81% | 1.08% | 1.29% | 1.64% | 1.86% | 2.22% | 1.70% | 1.89% | 2.67% |
BRO Brown & Brown, Inc. | 1.11% | 0.77% | 0.53% | 0.67% | 0.74% | 0.54% | 0.73% | 0.82% | 1.11% | 1.08% | 1.12% | 1.41% |
Financials
AIT vs. BRO - Financials Comparison
This section allows you to compare key financial metrics between Applied Industrial Technologies, Inc. and Brown & Brown, 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
AIT vs. BRO - Profitability Comparison
AIT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a gross profit of 397.52M and revenue of 1.25B. Therefore, the gross margin over that period was 31.8%.
BRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported a gross profit of 994.00M and revenue of 1.90B. Therefore, the gross margin over that period was 52.3%.
AIT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported an operating income of 137.93M and revenue of 1.25B, resulting in an operating margin of 11.0%.
BRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported an operating income of 0.00 and revenue of 1.90B, resulting in an operating margin of 0.0%.
AIT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a net income of 99.77M and revenue of 1.25B, resulting in a net margin of 8.0%.
BRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported a net income of 426.00M and revenue of 1.90B, resulting in a net margin of 22.4%.
Frequently Asked Questions
AIT and BRO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRO has higher volatility (9.52%) compared to AIT (5.61%). In terms of maximum drawdown, AIT dropped -66.47% vs BRO's -55.85%.
AIT currently has the higher Sharpe Ratio (1.40 vs -1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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