AJG vs. HBM
AJG (Arthur J. Gallagher & Co.) and HBM (Hudbay Minerals Inc.) are both stocks. AJG operates in Insurance Brokers (Financial Services), while HBM operates in Copper (Basic Materials). Over the past 10 years, AJG returned 17.92%/yr vs 18.60%/yr for HBM. At a 0.23 correlation, their price movements are largely independent.
Performance
AJG vs. HBM - Performance Comparison
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Returns By Period
In the year-to-date period, AJG achieves a -17.35% return, which is significantly lower than HBM's 31.58% return. Both investments have delivered pretty close results over the past 10 years, with AJG having a 17.92% annualized return and HBM not far ahead at 18.60%.
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%
HBM
- 1D
- 1.75%
- 1M
- 4.36%
- YTD
- 31.58%
- 6M
- 50.45%
- 1Y
- 171.66%
- 3Y*
- 77.46%
- 5Y*
- 30.42%
- 10Y*
- 18.60%
AJG vs. HBM - 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% |
HBM Hudbay Minerals Inc. | 31.58% | 145.46% | 47.03% | 9.24% | -29.87% | 3.82% | 69.50% | -11.77% | -46.20% | 54.77% |
Correlation
The correlation between AJG and HBM is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2009 | 0.23 |
The correlation between AJG and HBM shifts across timeframes, from -0.12 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AJG:
$5.74
HBM:
$1.65
AJG:
37.04
HBM:
15.79
AJG:
3.84
HBM:
0.11
AJG:
3.97
HBM:
4.39
AJG:
$13.94B
HBM:
$2.37B
AJG:
$7.63B
HBM:
$828.54M
AJG:
$3.66B
HBM:
$1.54B
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Return for Risk
AJG vs. HBM — Risk / Return Rank
AJG
HBM
AJG vs. HBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arthur J. Gallagher & Co. (AJG) and Hudbay Minerals Inc. (HBM). 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 | HBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.20 | ||
| Sortino ratioReturn per unit of downside risk | -4.80 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.41 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 4.78 | -5.63 |
| Martin ratioReturn relative to average drawdown | -1.47 | 15.13 | -16.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AJG | HBM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.25 | 2.96 | -4.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.55 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.32 | +0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.20 | +0.27 |
Drawdowns
AJG vs. HBM - Drawdown Comparison
The maximum AJG drawdown since its inception was -57.49%, smaller than the maximum HBM drawdown of -92.21%. Use the drawdown chart below to compare losses from any high point for AJG and HBM.
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Drawdown Indicators
| AJG | HBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.49% | -92.21% | +34.72% |
Max Drawdown (1Y)Largest decline over 1 year | -40.64% | -36.16% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -44.40% | -41.11% | -3.29% |
Max Drawdown (5Y)Largest decline over 5 years | -44.40% | -63.33% | +18.93% |
Max Drawdown (10Y)Largest decline over 10 years | -44.40% | -86.34% | +41.94% |
Current DrawdownCurrent decline from peak | -38.26% | -18.07% | -20.19% |
Average DrawdownAverage peak-to-trough decline | -12.83% | -52.50% | +39.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.06% | 11.40% | +12.66% |
Volatility
AJG vs. HBM - Volatility Comparison
The current volatility for Arthur J. Gallagher & Co. (AJG) is 8.97%, while Hudbay Minerals Inc. (HBM) has a volatility of 25.29%. This indicates that AJG experiences smaller price fluctuations and is considered to be less risky than HBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AJG | HBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.97% | 25.29% | -16.32% |
Volatility (6M)Calculated over the trailing 6-month period | 22.42% | 46.90% | -24.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.95% | 58.55% | -30.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.96% | 55.36% | -32.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 58.79% | -35.71% |
Dividends
AJG vs. HBM - Dividend Comparison
AJG's dividend yield for the trailing twelve months is around 1.27%, more than HBM's 0.05% 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% |
HBM Hudbay Minerals Inc. | 0.05% | 0.07% | 0.17% | 0.31% | 0.32% | 0.22% | 0.21% | 0.36% | 0.38% | 0.23% | 0.35% | 0.52% |
Financials
AJG vs. HBM - Financials Comparison
This section allows you to compare key financial metrics between Arthur J. Gallagher & Co. and Hudbay Minerals 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. HBM - 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%.
HBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a gross profit of 340.81M and revenue of 745.43M. Therefore, the gross margin over that period was 45.7%.
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%.
HBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported an operating income of 297.62M and revenue of 745.43M, resulting in an operating margin of 39.9%.
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%.
HBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a net income of 187.76M and revenue of 745.43M, resulting in a net margin of 25.2%.
Frequently Asked Questions
AJG and HBM have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBM has higher volatility (25.29%) compared to AJG (8.97%). In terms of maximum drawdown, AJG dropped -57.49% vs HBM's -92.21%.
HBM currently has the higher Sharpe Ratio (2.96 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.
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