AJG vs. ERIE
AJG (Arthur J. Gallagher & Co.) and ERIE (Erie Indemnity Company) are both stocks. Both operate in the Insurance Brokers industry within the Financial Services sector. Over the past 10 years, AJG returned 19.58%/yr vs 11.70%/yr for ERIE. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
AJG vs. ERIE - Performance Comparison
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Returns By Period
In the year-to-date period, AJG achieves a -3.00% return, which is significantly higher than ERIE's -14.14% return. Over the past 10 years, AJG has outperformed ERIE with an annualized return of 19.58%, while ERIE has yielded a comparatively lower 11.70% annualized return.
AJG
- 1D
- -2.75%
- 1M
- -1.20%
- 6M
- 0.66%
- YTD
- -3.00%
- 1Y
- -11.24%
- 3Y*
- 5.39%
- 5Y*
- 13.54%
- 10Y*
- 19.58%
- ALL TIME*
- 12.55%
ERIE
- 1D
- 3.58%
- 1M
- -6.10%
- 6M
- -13.49%
- YTD
- -14.14%
- 1Y
- -29.53%
- 3Y*
- 4.86%
- 5Y*
- 7.51%
- 10Y*
- 11.70%
- ALL TIME*
- 8.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $341.76M | $385.93M | $398.45M | |
| $68.13M | $70.58M | $55.32M |
AJG vs. ERIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | -3.00% | -8.03% | 27.34% | 20.51% | 12.44% | 39.02% | 32.12% | 31.79% | 19.19% | 25.04% |
ERIE Erie Indemnity Company | -14.14% | -29.40% | 24.67% | 37.35% | 32.03% | -19.98% | 52.39% | 27.08% | 12.54% | 11.23% |
Correlation
The correlation between AJG and ERIE is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 1995 | 0.36 |
The correlation between AJG and ERIE shifts across timeframes, from 0.36 (all time) to 0.47 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AJG:
$64.08B
ERIE:
$11.18B
AJG:
$6.19
ERIE:
$14.60
AJG:
40.27
ERIE:
16.58
AJG:
4.17
ERIE:
0.86
AJG:
4.33
ERIE:
2.32
AJG:
$14.97B
ERIE:
$4.12B
AJG:
$9.88B
ERIE:
$329.90M
AJG:
$3.89B
ERIE:
$767.11M
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Return for Risk
AJG vs. ERIE — Risk / Return Rank
AJG
ERIE
AJG vs. ERIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arthur J. Gallagher & Co. (AJG) and Erie Indemnity Company (ERIE). 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 | ERIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.87 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | -0.71 | +0.39 |
| Martin ratioReturn relative to average drawdown | -0.55 | -1.14 | +0.59 |
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Drawdowns
AJG vs. ERIE - Drawdown Comparison
The maximum AJG drawdown since its inception was -57.49%, smaller than the maximum ERIE drawdown of -78.28%. Use the drawdown chart below to compare losses from any high point for AJG and ERIE.
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Drawdown Indicators
| AJG | ERIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.49% | -78.28% | +20.79% |
Max Drawdown (1Y)Largest decline over 1 year | -37.81% | -42.97% | +5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -44.40% | -60.87% | +16.47% |
Max Drawdown (5Y)Largest decline over 5 years | -44.40% | -60.87% | +16.47% |
Max Drawdown (10Y)Largest decline over 10 years | -44.40% | -60.87% | +16.47% |
Current DrawdownCurrent decline from peak | -27.54% | -54.03% | +26.49% |
Average DrawdownAverage peak-to-trough decline | -12.89% | -33.66% | +20.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.40% | 26.98% | -4.58% |
Volatility
AJG vs. ERIE - Volatility Comparison
The current volatility for Arthur J. Gallagher & Co. (AJG) is 12.20%, while Erie Indemnity Company (ERIE) has a volatility of 20.33%. This indicates that AJG experiences smaller price fluctuations and is considered to be less risky than ERIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AJG | ERIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.20% | 20.33% | -8.13% |
Volatility (6M)Calculated over the trailing 6-month period | 24.84% | 31.06% | -6.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.93% | 36.71% | -6.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.67% | 30.85% | -7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.39% | 29.95% | -6.56% |
Dividends
AJG vs. ERIE - Dividend Comparison
AJG's dividend yield for the trailing twelve months is around 1.08%, less than ERIE's 2.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | 1.08% | 1.00% | 0.85% | 0.98% | 1.08% | 1.13% | 1.46% | 1.81% | 2.23% | 2.47% | 2.93% | 3.62% |
ERIE Erie Indemnity Company | 2.38% | 1.90% | 1.24% | 1.42% | 1.79% | 2.15% | 2.39% | 2.17% | 2.52% | 2.57% | 1.95% | 3.61% |
Financials
AJG vs. ERIE - Financials Comparison
This section allows you to compare key financial metrics between Arthur J. Gallagher & Co. and Erie Indemnity Company. 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. ERIE - Profitability Comparison
AJG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Arthur J. Gallagher & Co. reported a gross profit of 4.04B and revenue of 4.76B. Therefore, the gross margin over that period was 84.9%.
ERIE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Erie Indemnity Company reported a gross profit of -146.90M and revenue of 1.09B. Therefore, the gross margin over that period was -13.5%.
AJG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Arthur J. Gallagher & Co. reported an operating income of 1.22B and revenue of 4.76B, resulting in an operating margin of 25.6%.
ERIE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Erie Indemnity Company reported an operating income of 204.89M and revenue of 1.09B, resulting in an operating margin of 18.8%.
AJG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Arthur J. Gallagher & Co. reported a net income of 822.00M and revenue of 4.76B, resulting in a net margin of 17.3%.
ERIE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Erie Indemnity Company reported a net income of 180.29M and revenue of 1.09B, resulting in a net margin of 16.6%.
Frequently Asked Questions
AJG and ERIE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERIE has higher volatility (20.33%) compared to AJG (12.20%). In terms of maximum drawdown, AJG dropped -57.49% vs ERIE's -78.28%.
AJG currently has the higher Sharpe Ratio (-0.41 vs -0.84), 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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