AJG vs. STLD
AJG (Arthur J. Gallagher & Co.) and STLD (Steel Dynamics, Inc.) are both stocks. AJG operates in Insurance Brokers (Financial Services), while STLD operates in Steel (Basic Materials). Over the past 10 years, AJG returned 19.74%/yr vs 26.69%/yr for STLD. At a 0.27 correlation, their price movements are largely independent.
Performance
AJG vs. STLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AJG achieves a -1.36% return, which is significantly lower than STLD's 36.75% return. Over the past 10 years, AJG has underperformed STLD with an annualized return of 19.74%, while STLD has yielded a comparatively higher 26.69% annualized return.
AJG
- 1D
- -0.09%
- 1M
- 18.50%
- 6M
- -1.25%
- YTD
- -1.36%
- 1Y
- -18.08%
- 3Y*
- 6.09%
- 5Y*
- 13.67%
- 10Y*
- 19.74%
- ALL TIME*
- 12.61%
STLD
- 1D
- -2.13%
- 1M
- -7.56%
- 6M
- 33.50%
- YTD
- 36.75%
- 1Y
- 77.20%
- 3Y*
- 33.82%
- 5Y*
- 33.12%
- 10Y*
- 26.69%
- ALL TIME*
- 16.08%
AJG vs. STLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | -1.36% | -8.03% | 27.34% | 20.51% | 12.44% | 39.02% | 32.12% | 31.79% | 19.19% | 25.04% |
STLD Steel Dynamics, Inc. | 36.75% | 50.70% | -1.99% | 22.75% | 60.14% | 71.42% | 12.46% | 16.78% | -29.02% | 23.34% |
Correlation
The correlation between AJG and STLD is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 1996 | 0.27 |
The correlation between AJG and STLD shifts across timeframes, from -0.08 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AJG:
$65.18B
STLD:
$33.24B
AJG:
$5.74
STLD:
$9.38
AJG:
44.21
STLD:
24.57
AJG:
4.74
STLD:
1.77
AJG:
$13.94B
STLD:
$19.01B
AJG:
$7.63B
STLD:
$2.66B
AJG:
$3.66B
STLD:
$2.23B
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. STLD — Risk / Return Rank
AJG
STLD
AJG vs. STLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arthur J. Gallagher & Co. (AJG) and Steel Dynamics, Inc. (STLD). 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 | STLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.54 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.34 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 3.55 | -4.02 |
| Martin ratioReturn relative to average drawdown | -0.79 | 10.26 | -11.04 |
Loading charts...
Drawdowns
AJG vs. STLD - Drawdown Comparison
The maximum AJG drawdown since its inception was -57.49%, smaller than the maximum STLD drawdown of -87.05%. Use the drawdown chart below to compare losses from any high point for AJG and STLD.
Loading charts...
Drawdown Indicators
| AJG | STLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.49% | -87.05% | +29.56% |
Max Drawdown (1Y)Largest decline over 1 year | -38.59% | -21.88% | -16.71% |
Max Drawdown (3Y)Largest decline over 3 years | -44.40% | -28.66% | -15.74% |
Max Drawdown (5Y)Largest decline over 5 years | -44.40% | -32.20% | -12.20% |
Max Drawdown (10Y)Largest decline over 10 years | -44.40% | -68.46% | +24.06% |
Current DrawdownCurrent decline from peak | -26.31% | -18.30% | -8.01% |
Average DrawdownAverage peak-to-trough decline | -12.87% | -33.21% | +20.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.05% | 7.55% | +15.50% |
Volatility
AJG vs. STLD - Volatility Comparison
The current volatility for Arthur J. Gallagher & Co. (AJG) is 10.92%, while Steel Dynamics, Inc. (STLD) has a volatility of 12.76%. This indicates that AJG experiences smaller price fluctuations and is considered to be less risky than STLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AJG | STLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.92% | 12.76% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 24.11% | 27.59% | -3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.72% | 35.15% | -5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.42% | 38.11% | -14.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.24% | 39.39% | -16.15% |
Dividends
AJG vs. STLD - Dividend Comparison
AJG's dividend yield for the trailing twelve months is around 1.06%, more than STLD's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | 1.06% | 1.00% | 0.85% | 0.98% | 1.08% | 1.13% | 1.46% | 1.81% | 2.23% | 2.47% | 2.93% | 3.62% |
STLD Steel Dynamics, Inc. | 0.89% | 1.18% | 1.61% | 1.44% | 1.39% | 1.68% | 2.71% | 2.82% | 2.50% | 1.44% | 1.57% | 3.08% |
Financials
AJG vs. STLD - Financials Comparison
This section allows you to compare key financial metrics between Arthur J. Gallagher & Co. and Steel Dynamics, 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. STLD - Profitability Comparison
AJG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
STLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Steel Dynamics, Inc. reported a gross profit of 763.22M and revenue of 5.20B. Therefore, the gross margin over that period was 14.7%.
AJG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
STLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Steel Dynamics, Inc. reported an operating income of 538.00M and revenue of 5.20B, resulting in an operating margin of 10.3%.
AJG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
STLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Steel Dynamics, Inc. reported a net income of 403.44M and revenue of 5.20B, resulting in a net margin of 7.8%.
Frequently Asked Questions
AJG and STLD have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STLD has higher volatility (12.76%) compared to AJG (10.92%). In terms of maximum drawdown, AJG dropped -57.49% vs STLD's -87.05%.
STLD currently has the higher Sharpe Ratio (2.21 vs -0.61), 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 STLD
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