AJG vs. DOL

Last updated Jun 13, 2026

AJG (Arthur J. Gallagher & Co.) is a stock, while DOL (WisdomTree International LargeCap Dividend Fund) is Foreign Large Cap Equities fund tracking the WisdomTree International LargeCap Dividend Index. Over the past 10 years, AJG returned 18.56%/yr vs 10.24%/yr for DOL. At a 0.46 correlation, their price movements are largely independent.

Performance

AJG vs. DOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arthur J. Gallagher & Co. (AJG) and WisdomTree International LargeCap Dividend Fund (DOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AJG achieves a -14.95% return, which is significantly lower than DOL's 14.52% return. Over the past 10 years, AJG has outperformed DOL with an annualized return of 18.56%, while DOL has yielded a comparatively lower 10.24% annualized return.

AJG

• 1D: -1.00%
• 1M: 9.74%
• YTD: -14.95%
• 6M: -13.82%
• 1Y: -30.16%
• 3Y*: 2.53%
• 5Y*: 9.77%
• 10Y*: 18.56%

DOL

• 1D: 0.57%
• 1M: 1.71%
• YTD: 14.52%
• 6M: 17.23%
• 1Y: 29.57%
• 3Y*: 20.34%
• 5Y*: 12.11%
• 10Y*: 10.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AJG vs. DOL - 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%
DOL WisdomTree International LargeCap Dividend Fund	14.52%	37.35%	4.08%	16.77%	-6.72%	11.54%	-3.22%	19.47%	-12.93%	22.25%

Correlation

The correlation between AJG and DOL is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006	0.46

Over the past year, the correlation between AJG and DOL has dropped to 0.03 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

Return for Risk

AJG vs. DOL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AJG

AJG Risk / Return Rank: 8
AJG Sharpe Ratio Rank: 3
AJG Sortino Ratio Rank: 6
AJG Omega Ratio Rank: 6
AJG Calmar Ratio Rank: 14
AJG Martin Ratio Rank: 12

DOL

DOL Risk / Return Rank: 60
DOL Sharpe Ratio Rank: 62
DOL Sortino Ratio Rank: 59
DOL Omega Ratio Rank: 62
DOL Calmar Ratio Rank: 57
DOL Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AJG vs. DOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arthur J. Gallagher & Co. (AJG) and WisdomTree International LargeCap Dividend Fund (DOL). 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	DOL	Difference
Sharpe ratio: Return per unit of total volatility	-1.12	1.80	-2.92
Sortino ratio: Return per unit of downside risk	-1.49	2.47	-3.96
Omega ratio: Gain probability vs. loss probability	0.81	1.33	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.76	2.49	-3.25
Martin ratio: Return relative to average drawdown	-1.30	9.32	-10.62

AJG vs. DOL - Sharpe Ratio Comparison

The current AJG Sharpe Ratio is -1.12, which is lower than the DOL Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of AJG and DOL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AJG vs. DOL - Drawdown Comparison

The maximum AJG drawdown since its inception was -57.49%, smaller than the maximum DOL drawdown of -60.79%. Use the drawdown chart below to compare losses from any high point for AJG and DOL.

Drawdown Indicators

	AJG	DOL	Difference
Max Drawdown Largest peak-to-trough decline	-57.49%	-60.79%	+3.30%
Max Drawdown (1Y) Largest decline over 1 year	-40.64%	-11.33%	-29.31%
Max Drawdown (3Y) Largest decline over 3 years	-44.40%	-12.44%	-31.96%
Max Drawdown (5Y) Largest decline over 5 years	-44.40%	-24.57%	-19.83%
Max Drawdown (10Y) Largest decline over 10 years	-44.40%	-35.99%	-8.41%
Current Drawdown Current decline from peak	-36.46%	-0.20%	-36.26%
Average Drawdown Average peak-to-trough decline	-12.83%	-13.62%	+0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.87%	3.03%	+20.84%

Volatility

AJG vs. DOL - Volatility Comparison

Arthur J. Gallagher & Co. (AJG) has a higher volatility of 8.37% compared to WisdomTree International LargeCap Dividend Fund (DOL) at 5.83%. This indicates that AJG's price experiences larger fluctuations and is considered to be riskier than DOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AJG	DOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.37%	5.83%	+2.54%
Volatility (6M) Calculated over the trailing 6-month period	22.48%	13.50%	+8.98%
Volatility (1Y) Calculated over the trailing 1-year period	27.85%	15.69%	+12.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.98%	15.51%	+7.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.08%	16.72%	+6.36%

Dividends

AJG vs. DOL - Dividend Comparison

AJG's dividend yield for the trailing twelve months is around 1.23%, less than DOL's 2.44% 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%
DOL WisdomTree International LargeCap Dividend Fund	2.44%	2.83%	3.78%	4.02%	4.47%	3.58%	2.82%	3.50%	4.03%	3.17%	3.58%	3.66%

Frequently Asked Questions

Can I hold both AJG and DOL in my portfolio?

AJG and DOL have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AJG or DOL?

AJG has higher volatility (8.37%) compared to DOL (5.83%). In terms of maximum drawdown, AJG dropped -57.49% vs DOL's -60.79%.

Which has better risk-adjusted returns?

DOL currently has the higher Sharpe Ratio (1.80 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.