AJG vs. GDIV
AJG (Arthur J. Gallagher & Co.) is a stock, while GDIV (Harbor Dividend Growth Leaders ETF) is Large Cap Blend Equities fund actively managed by Harbor. Over the past 3 years, AJG returned 5.39%/yr vs 15.21%/yr for GDIV. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
AJG vs. GDIV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AJG achieves a -3.00% return, which is significantly lower than GDIV's 13.44% 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%
GDIV
- 1D
- -0.23%
- 1M
- 1.97%
- 6M
- 8.92%
- YTD
- 13.44%
- 1Y
- 23.99%
- 3Y*
- 15.21%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $341.76M | $385.93M | $398.45M | |
| $154.83K | $211.08K | $199.90K |
AJG vs. GDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | -3.00% | -8.03% | 27.34% | 20.51% | 22.68% |
GDIV Harbor Dividend Growth Leaders ETF | 13.44% | 10.81% | 14.83% | 16.45% | -1.01% |
Correlation
The correlation between AJG and GDIV is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 23, 2022 | 0.36 |
The correlation between AJG and GDIV shifts across timeframes, from -0.05 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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. GDIV — Risk / Return Rank
AJG
GDIV
AJG vs. GDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arthur J. Gallagher & Co. (AJG) and Harbor Dividend Growth Leaders ETF (GDIV). 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 | GDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.35 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 2.35 | -2.67 |
| Martin ratioReturn relative to average drawdown | -0.55 | 9.80 | -10.34 |
Loading charts...
Drawdowns
AJG vs. GDIV - Drawdown Comparison
The maximum AJG drawdown since its inception was -57.49%, which is greater than GDIV's maximum drawdown of -18.93%. Use the drawdown chart below to compare losses from any high point for AJG and GDIV.
Loading charts...
Drawdown Indicators
| AJG | GDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.49% | -18.93% | -38.56% |
Max Drawdown (1Y)Largest decline over 1 year | -37.81% | -9.67% | -28.14% |
Max Drawdown (3Y)Largest decline over 3 years | -44.40% | -18.93% | -25.47% |
Max Drawdown (5Y)Largest decline over 5 years | -44.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.40% | — | — |
Current DrawdownCurrent decline from peak | -27.54% | -0.95% | -26.59% |
Average DrawdownAverage peak-to-trough decline | -12.89% | -3.08% | -9.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.40% | 2.31% | +20.09% |
Volatility
AJG vs. GDIV - Volatility Comparison
Arthur J. Gallagher & Co. (AJG) has a higher volatility of 12.20% compared to Harbor Dividend Growth Leaders ETF (GDIV) at 2.66%. This indicates that AJG's price experiences larger fluctuations and is considered to be riskier than GDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AJG | GDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.20% | 2.66% | +9.54% |
Volatility (6M)Calculated over the trailing 6-month period | 24.84% | 9.27% | +15.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.93% | 11.95% | +17.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.67% | 15.14% | +8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.39% | 15.14% | +8.25% |
Dividends
AJG vs. GDIV - Dividend Comparison
AJG's dividend yield for the trailing twelve months is around 1.08%, less than GDIV's 1.13% 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% |
GDIV Harbor Dividend Growth Leaders ETF | 1.13% | 1.19% | 1.30% | 2.27% | 5.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AJG and GDIV have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AJG has higher volatility (12.20%) compared to GDIV (2.66%). In terms of maximum drawdown, AJG dropped -57.49% vs GDIV's -18.93%.
GDIV currently has the higher Sharpe Ratio (1.90 vs -0.41), 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 GDIV
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