AJG vs. BAESY
AJG (Arthur J. Gallagher & Co.) and BAESY (BAE Systems PLC) are both stocks. AJG operates in Insurance Brokers (Financial Services), while BAESY operates in Aerospace & Defense (Industrials). Over the past 10 years, AJG returned 18.56%/yr vs 18.72%/yr for BAESY. At a 0.28 correlation, their price movements are largely independent.
Performance
AJG vs. BAESY - Performance Comparison
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Returns By Period
In the year-to-date period, AJG achieves a -14.95% return, which is significantly lower than BAESY's 11.25% return. Both investments have delivered pretty close results over the past 10 years, with AJG having a 18.56% annualized return and BAESY not far ahead at 18.72%.
AJG
- 1D
- -1.00%
- 1M
- 14.28%
- YTD
- -14.95%
- 6M
- -13.82%
- 1Y
- -30.92%
- 3Y*
- 2.53%
- 5Y*
- 9.77%
- 10Y*
- 18.56%
BAESY
- 1D
- -4.00%
- 1M
- -1.83%
- YTD
- 11.25%
- 6M
- 13.51%
- 1Y
- 0.44%
- 3Y*
- 30.63%
- 5Y*
- 30.61%
- 10Y*
- 18.72%
AJG vs. BAESY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | -14.95% | -8.03% | 27.34% | 20.51% | 12.44% | 39.02% | 32.12% | 31.79% | 19.19% | 25.04% |
BAESY BAE Systems PLC | 11.25% | 65.51% | 1.23% | 40.91% | 46.40% | 14.56% | -3.43% | 34.69% | -22.16% | 13.28% |
Correlation
The correlation between AJG and BAESY 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 | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007 | 0.28 |
Over the past year, the correlation between AJG and BAESY has dropped to 0.07 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
AJG:
$5.74
BAESY:
£5.29
AJG:
38.12
BAESY:
14.41
AJG:
3.95
BAESY:
2.65
AJG:
4.08
BAESY:
1.06
AJG:
$13.94B
BAESY:
£54.56B
AJG:
$7.63B
BAESY:
£19.72B
AJG:
$3.66B
BAESY:
£7.74B
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Return for Risk
AJG vs. BAESY — Risk / Return Rank
AJG
BAESY
AJG vs. BAESY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arthur J. Gallagher & Co. (AJG) and BAE Systems PLC (BAESY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AJG | BAESY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.03 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 0.02 | -0.78 |
| Martin ratioReturn relative to average drawdown | -1.30 | 0.04 | -1.34 |
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Drawdowns
AJG vs. BAESY - Drawdown Comparison
The maximum AJG drawdown since its inception was -57.49%, roughly equal to the maximum BAESY drawdown of -59.20%. Use the drawdown chart below to compare losses from any high point for AJG and BAESY.
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Drawdown Indicators
| AJG | BAESY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.49% | -59.20% | +1.71% |
Max Drawdown (1Y)Largest decline over 1 year | -40.64% | -23.59% | -17.05% |
Max Drawdown (3Y)Largest decline over 3 years | -44.40% | -23.59% | -20.81% |
Max Drawdown (5Y)Largest decline over 5 years | -44.40% | -23.59% | -20.81% |
Max Drawdown (10Y)Largest decline over 10 years | -44.40% | -42.13% | -2.27% |
Current DrawdownCurrent decline from peak | -36.46% | -16.92% | -19.54% |
Average DrawdownAverage peak-to-trough decline | -12.83% | -19.32% | +6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.87% | 10.17% | +13.70% |
Volatility
AJG vs. BAESY - Volatility Comparison
The current volatility for Arthur J. Gallagher & Co. (AJG) is 8.37%, while BAE Systems PLC (BAESY) has a volatility of 10.68%. This indicates that AJG experiences smaller price fluctuations and is considered to be less risky than BAESY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AJG | BAESY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 10.68% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 22.48% | 25.10% | -2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.85% | 31.92% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.98% | 28.12% | -5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 27.90% | -4.82% |
Dividends
AJG vs. BAESY - Dividend Comparison
AJG's dividend yield for the trailing twelve months is around 1.23%, less than BAESY's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | 1.23% | 1.00% | 0.85% | 0.98% | 1.08% | 1.13% | 1.46% | 1.81% | 2.23% | 2.47% | 2.93% | 3.62% |
BAESY BAE Systems PLC | 1.90% | 1.90% | 2.79% | 2.40% | 3.09% | 4.46% | 7.05% | 3.66% | 4.93% | 5.71% | 6.26% | 4.38% |
Financials
AJG vs. BAESY - Financials Comparison
This section allows you to compare key financial metrics between Arthur J. Gallagher & Co. 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
AJG vs. BAESY - Profitability Comparison
AJG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Arthur J. Gallagher & Co. reported a gross profit of 1.42B and revenue of 3.63B. Therefore, the gross margin over that period was 39.1%.
BAESY - 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 1.34B and revenue of 14.67B. Therefore, the gross margin over that period was 9.2%.
AJG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Arthur J. Gallagher & Co. reported an operating income of 341.00M and revenue of 3.63B, resulting in an operating margin of 9.4%.
BAESY - 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 1.34B and revenue of 14.67B, resulting in an operating margin of 9.2%.
AJG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Arthur J. Gallagher & Co. reported a net income of 151.00M and revenue of 3.63B, resulting in a net margin of 4.2%.
BAESY - 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 14.67B, resulting in a net margin of 7.4%.
Frequently Asked Questions
AJG and BAESY 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.
BAESY has higher volatility (10.68%) compared to AJG (8.37%). In terms of maximum drawdown, AJG dropped -57.49% vs BAESY's -59.20%.
BAESY currently has the higher Sharpe Ratio (0.01 vs -1.12), 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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