AJG vs. WTW
AJG (Arthur J. Gallagher & Co.) and WTW (Willis Towers Watson Public Limited 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 12.10%/yr for WTW. Their 0.66 correlation means they have sometimes moved together and sometimes differently.
Performance
AJG vs. WTW - Performance Comparison
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Returns By Period
In the year-to-date period, AJG achieves a -3.00% return, which is significantly lower than WTW's 2.94% return. Over the past 10 years, AJG has outperformed WTW with an annualized return of 19.58%, while WTW has yielded a comparatively lower 12.10% 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%
WTW
- 1D
- -0.04%
- 1M
- 17.36%
- 6M
- 6.55%
- YTD
- 2.94%
- 1Y
- 8.05%
- 3Y*
- 17.96%
- 5Y*
- 11.75%
- 10Y*
- 12.10%
- ALL TIME*
- 11.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $341.76M | $385.93M | $398.45M | |
| $196.25M | $178.02M | $193.54M |
AJG vs. WTW - 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% |
WTW Willis Towers Watson Public Limited Company | 2.94% | 6.09% | 31.48% | 0.08% | 4.53% | 14.16% | 5.83% | 34.81% | 2.42% | 25.05% |
Correlation
The correlation between AJG and WTW is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.66 |
The correlation between AJG and WTW has been stable across timeframes, ranging from 0.65 to 0.68 - a consistent structural relationship.
Fundamentals
AJG:
$64.08B
WTW:
$31.73B
AJG:
$6.19
WTW:
$16.14
AJG:
40.27
WTW:
20.81
AJG:
4.17
WTW:
0.64
AJG:
4.33
WTW:
3.22
AJG:
$14.97B
WTW:
$10.10B
AJG:
$9.88B
WTW:
$553.00M
AJG:
$3.89B
WTW:
$2.57B
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Return for Risk
AJG vs. WTW — Risk / Return Rank
AJG
WTW
AJG vs. WTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arthur J. Gallagher & Co. (AJG) and Willis Towers Watson Public Limited Company (WTW). 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 | WTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.08 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 0.25 | -0.58 |
| Martin ratioReturn relative to average drawdown | -0.55 | 0.53 | -1.08 |
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Drawdowns
AJG vs. WTW - Drawdown Comparison
The maximum AJG drawdown since its inception was -57.49%, which is greater than WTW's maximum drawdown of -32.95%. Use the drawdown chart below to compare losses from any high point for AJG and WTW.
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Drawdown Indicators
| AJG | WTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.49% | -32.95% | -24.54% |
Max Drawdown (1Y)Largest decline over 1 year | -37.81% | -30.39% | -7.42% |
Max Drawdown (3Y)Largest decline over 3 years | -44.40% | -30.39% | -14.01% |
Max Drawdown (5Y)Largest decline over 5 years | -44.40% | -30.39% | -14.01% |
Max Drawdown (10Y)Largest decline over 10 years | -44.40% | -32.95% | -11.45% |
Current DrawdownCurrent decline from peak | -27.54% | -3.07% | -24.47% |
Average DrawdownAverage peak-to-trough decline | -12.89% | -7.88% | -5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.40% | 14.51% | +7.89% |
Volatility
AJG vs. WTW - Volatility Comparison
Arthur J. Gallagher & Co. (AJG) has a higher volatility of 12.20% compared to Willis Towers Watson Public Limited Company (WTW) at 10.09%. This indicates that AJG's price experiences larger fluctuations and is considered to be riskier than WTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AJG | WTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.20% | 10.09% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 24.84% | 27.65% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.93% | 29.92% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.67% | 23.92% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.39% | 24.67% | -1.28% |
Dividends
AJG vs. WTW - Dividend Comparison
AJG's dividend yield for the trailing twelve months is around 1.08%, less than WTW's 1.12% 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% |
WTW Willis Towers Watson Public Limited Company | 1.12% | 1.12% | 1.12% | 1.39% | 1.34% | 1.27% | 1.31% | 1.29% | 1.58% | 1.41% | 1.57% | 0.00% |
Financials
AJG vs. WTW - Financials Comparison
This section allows you to compare key financial metrics between Arthur J. Gallagher & Co. and Willis Towers Watson Public Limited 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. WTW - 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%.
WTW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Willis Towers Watson Public Limited Company reported a gross profit of -2.41B and revenue of 2.47B. Therefore, the gross margin over that period was -97.8%.
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%.
WTW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Willis Towers Watson Public Limited Company reported an operating income of 364.00M and revenue of 2.47B, resulting in an operating margin of 14.8%.
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%.
WTW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Willis Towers Watson Public Limited Company reported a net income of 229.00M and revenue of 2.47B, resulting in a net margin of 9.3%.
Frequently Asked Questions
AJG and WTW have a correlation of 0.68, 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 WTW (10.09%). In terms of maximum drawdown, AJG dropped -57.49% vs WTW's -32.95%.
WTW currently has the higher Sharpe Ratio (0.26 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.
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