AJG vs. CALM
AJG (Arthur J. Gallagher & Co.) and CALM (Cal-Maine Foods, Inc.) are both stocks. AJG operates in Insurance Brokers (Financial Services), while CALM operates in Farm Products (Consumer Defensive). Over the past 10 years, AJG returned 17.92%/yr vs 9.13%/yr for CALM. At a 0.18 correlation, their price movements are largely independent.
Performance
AJG vs. CALM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AJG achieves a -17.35% return, which is significantly lower than CALM's -2.78% return. Over the past 10 years, AJG has outperformed CALM with an annualized return of 17.92%, while CALM has yielded a comparatively lower 9.13% annualized return.
AJG
- 1D
- -1.67%
- 1M
- 7.22%
- YTD
- -17.35%
- 6M
- -10.08%
- 1Y
- -34.63%
- 3Y*
- 1.87%
- 5Y*
- 9.17%
- 10Y*
- 17.92%
CALM
- 1D
- 0.91%
- 1M
- 0.33%
- YTD
- -2.78%
- 6M
- -9.32%
- 1Y
- -18.13%
- 3Y*
- 21.90%
- 5Y*
- 21.90%
- 10Y*
- 9.13%
AJG vs. CALM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | -17.35% | -8.03% | 27.34% | 20.51% | 12.44% | 39.02% | 32.12% | 31.79% | 19.19% | 25.04% |
CALM Cal-Maine Foods, Inc. | -2.78% | -15.61% | 87.00% | 14.48% | 51.87% | -1.38% | -12.19% | 2.09% | -3.90% | 0.62% |
Correlation
The correlation between AJG and CALM 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 | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 1996 | 0.18 |
The correlation between AJG and CALM shifts across timeframes, from 0.08 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AJG:
$5.74
CALM:
$14.48
AJG:
37.04
CALM:
5.27
AJG:
3.84
CALM:
0.00
AJG:
3.97
CALM:
1.06
AJG:
$13.94B
CALM:
$3.46B
AJG:
$7.63B
CALM:
$1.17B
AJG:
$3.66B
CALM:
$1.05B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AJG vs. CALM — Risk / Return Rank
AJG
CALM
AJG vs. CALM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arthur J. Gallagher & Co. (AJG) and Cal-Maine Foods, Inc. (CALM). 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.
| AJG | CALM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 0.92 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.49 | -0.36 |
| Martin ratioReturn relative to average drawdown | -1.47 | -0.77 | -0.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AJG | CALM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.25 | -0.55 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.68 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.29 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.38 | +0.09 |
Drawdowns
AJG vs. CALM - Drawdown Comparison
The maximum AJG drawdown since its inception was -57.49%, smaller than the maximum CALM drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for AJG and CALM.
Loading charts...
Drawdown Indicators
| AJG | CALM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.49% | -74.08% | +16.59% |
Max Drawdown (1Y)Largest decline over 1 year | -40.64% | -37.00% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -44.40% | -37.00% | -7.40% |
Max Drawdown (5Y)Largest decline over 5 years | -44.40% | -37.00% | -7.40% |
Max Drawdown (10Y)Largest decline over 10 years | -44.40% | -39.12% | -5.28% |
Current DrawdownCurrent decline from peak | -38.26% | -32.72% | -5.54% |
Average DrawdownAverage peak-to-trough decline | -12.83% | -30.31% | +17.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.06% | 23.64% | +0.42% |
Volatility
AJG vs. CALM - Volatility Comparison
Arthur J. Gallagher & Co. (AJG) has a higher volatility of 8.97% compared to Cal-Maine Foods, Inc. (CALM) at 7.03%. This indicates that AJG's price experiences larger fluctuations and is considered to be riskier than CALM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AJG | CALM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.97% | 7.03% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 22.42% | 20.18% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.95% | 33.13% | -5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.96% | 32.59% | -9.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 31.16% | -8.08% |
Dividends
AJG vs. CALM - Dividend Comparison
AJG's dividend yield for the trailing twelve months is around 1.27%, less than CALM's 6.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | 1.27% | 1.00% | 0.85% | 0.98% | 1.08% | 1.13% | 1.46% | 1.81% | 2.23% | 2.47% | 2.93% | 3.62% |
CALM Cal-Maine Foods, Inc. | 6.29% | 10.90% | 2.82% | 7.51% | 3.17% | 0.09% | 0.00% | 0.98% | 1.03% | 0.00% | 2.70% | 4.10% |
Financials
AJG vs. CALM - Financials Comparison
This section allows you to compare key financial metrics between Arthur J. Gallagher & Co. and Cal-Maine Foods, 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
AJG vs. CALM - 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%.
CALM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a gross profit of 119.28M and revenue of 666.95M. Therefore, the gross margin over that period was 17.9%.
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%.
CALM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported an operating income of 35.98M and revenue of 666.95M, resulting in an operating margin of 5.4%.
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%.
CALM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a net income of 50.46M and revenue of 666.95M, resulting in a net margin of 7.6%.
Frequently Asked Questions
AJG and CALM 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.
AJG has higher volatility (8.97%) compared to CALM (7.03%). In terms of maximum drawdown, AJG dropped -57.49% vs CALM's -74.08%.
CALM currently has the higher Sharpe Ratio (-0.55 vs -1.25), 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.
Find the right allocation for AJG and CALM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer