AJG vs. IXN
AJG (Arthur J. Gallagher & Co.) is a stock, while IXN (iShares Global Tech ETF) is Technology Equities fund tracking the S&P Global Information Technology Sector Index. Over the past 10 years, AJG returned 17.35%/yr vs 25.57%/yr for IXN. At a 0.42 correlation, their price movements are largely independent.
Performance
AJG vs. IXN - Performance Comparison
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Returns By Period
In the year-to-date period, AJG achieves a -21.51% return, which is significantly lower than IXN's 41.18% return. Over the past 10 years, AJG has underperformed IXN with an annualized return of 17.35%, while IXN has yielded a comparatively higher 25.57% annualized return.
AJG
- 1D
- -1.59%
- 1M
- -2.19%
- YTD
- -21.51%
- 6M
- -17.00%
- 1Y
- -40.77%
- 3Y*
- 0.32%
- 5Y*
- 7.98%
- 10Y*
- 17.35%
IXN
- 1D
- -1.00%
- 1M
- 21.36%
- YTD
- 41.18%
- 6M
- 41.72%
- 1Y
- 74.57%
- 3Y*
- 36.05%
- 5Y*
- 23.25%
- 10Y*
- 25.57%
AJG vs. IXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | -21.51% | -8.03% | 27.34% | 20.51% | 12.44% | 39.02% | 32.12% | 31.79% | 19.19% | 25.04% |
IXN iShares Global Tech ETF | 41.18% | 25.25% | 24.84% | 52.98% | -29.86% | 29.58% | 43.62% | 47.88% | -5.44% | 41.23% |
Correlation
The correlation between AJG and IXN is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2001 | 0.42 |
The correlation between AJG and IXN shifts across timeframes, from -0.14 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AJG vs. IXN — Risk / Return Rank
AJG
IXN
AJG vs. IXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arthur J. Gallagher & Co. (AJG) and iShares Global Tech ETF (IXN). 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 | IXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.90 | ||
| Sortino ratioReturn per unit of downside risk | -6.28 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.54 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 5.43 | -6.40 |
| Martin ratioReturn relative to average drawdown | -1.63 | 18.73 | -20.36 |
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 | IXN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.48 | 3.41 | -4.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.94 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 1.05 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.54 | -0.08 |
Drawdowns
AJG vs. IXN - Drawdown Comparison
The maximum AJG drawdown since its inception was -57.49%, roughly equal to the maximum IXN drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for AJG and IXN.
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Drawdown Indicators
| AJG | IXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.49% | -55.67% | -1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -42.35% | -13.80% | -28.55% |
Max Drawdown (3Y)Largest decline over 3 years | -44.40% | -25.55% | -18.85% |
Max Drawdown (5Y)Largest decline over 5 years | -44.40% | -36.30% | -8.10% |
Max Drawdown (10Y)Largest decline over 10 years | -44.40% | -36.30% | -8.10% |
Current DrawdownCurrent decline from peak | -41.36% | -1.00% | -40.36% |
Average DrawdownAverage peak-to-trough decline | -12.82% | -11.27% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.73% | 3.99% | +22.74% |
Volatility
AJG vs. IXN - Volatility Comparison
Arthur J. Gallagher & Co. (AJG) has a higher volatility of 8.97% compared to iShares Global Tech ETF (IXN) at 7.95%. This indicates that AJG's price experiences larger fluctuations and is considered to be riskier than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AJG | IXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.97% | 7.95% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 21.79% | 17.85% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.57% | 21.98% | +5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.84% | 24.84% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 24.40% | -1.38% |
Dividends
AJG vs. IXN - Dividend Comparison
AJG's dividend yield for the trailing twelve months is around 1.31%, more than IXN's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | 1.31% | 1.00% | 0.85% | 0.98% | 1.08% | 1.13% | 1.46% | 1.81% | 2.23% | 2.47% | 2.93% | 3.62% |
IXN iShares Global Tech ETF | 0.74% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
Frequently Asked Questions
AJG and IXN have a correlation of -0.14, 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 IXN (7.95%). In terms of maximum drawdown, AJG dropped -57.49% vs IXN's -55.67%.
IXN currently has the higher Sharpe Ratio (3.41 vs -1.48), 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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