AON vs. CRM

Last updated Jun 16, 2026

AON (Aon plc) and CRM (Salesforce, Inc.) are both stocks. AON operates in Insurance Brokers (Financial Services), while CRM operates in Software - Application (Technology). Over the past 10 years, AON returned 12.97%/yr vs 7.60%/yr for CRM. At a 0.34 correlation, their price movements are largely independent.

Performance

AON vs. CRM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aon plc (AON) and Salesforce, Inc. (CRM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AON achieves a -6.18% return, which is significantly higher than CRM's -37.57% return. Over the past 10 years, AON has outperformed CRM with an annualized return of 12.97%, while CRM has yielded a comparatively lower 7.60% annualized return.

AON

• 1D: -1.73%
• 1M: 3.87%
• YTD: -6.18%
• 6M: -6.50%
• 1Y: -5.81%
• 3Y*: 0.86%
• 5Y*: 7.04%
• 10Y*: 12.97%

CRM

• 1D: -0.81%
• 1M: -4.92%
• YTD: -37.57%
• 6M: -34.93%
• 1Y: -35.68%
• 3Y*: -7.54%
• 5Y*: -7.14%
• 10Y*: 7.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AON vs. CRM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AON Aon plc	-6.18%	-0.94%	24.45%	-2.31%	0.61%	43.39%	2.37%	44.68%	9.94%	21.49%
CRM Salesforce, Inc.	-37.57%	-20.25%	27.76%	98.46%	-47.83%	14.20%	36.82%	18.74%	33.98%	49.33%

Correlation

The correlation between AON and CRM is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jun 23, 2004	0.34

The correlation between AON and CRM shifts across timeframes, from 0.21 (3 years) to 0.34 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AON : $70.98B CRM : $143.32B
EPS AON : $18.21 CRM : $8.59
PE Ratio AON : 18.10 CRM : 19.15
PEG Ratio AON : 0.46 CRM : 0.04
PS Ratio AON : 4.08 CRM : 3.59
PB Ratio AON : 7.22 CRM : 4.19
Total Revenue (TTM) AON : $17.49B CRM : $42.83B
Gross Profit (TTM) AON : $9.77B CRM : $33.25B
EBITDA (TTM) AON : $6.55B CRM : $12.32B

Return for Risk

AON vs. CRM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AON

AON Risk / Return Rank: 29
AON Sharpe Ratio Rank: 31
AON Sortino Ratio Rank: 27
AON Omega Ratio Rank: 27
AON Calmar Ratio Rank: 31
AON Martin Ratio Rank: 31

CRM

CRM Risk / Return Rank: 7
CRM Sharpe Ratio Rank: 6
CRM Sortino Ratio Rank: 8
CRM Omega Ratio Rank: 10
CRM Calmar Ratio Rank: 6
CRM Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AON vs. CRM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aon plc (AON) and Salesforce, Inc. (CRM). 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.

	AON	CRM	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	-0.94	+0.69
Sortino ratio: Return per unit of downside risk	-0.18	-1.30	+1.12
Omega ratio: Gain probability vs. loss probability	0.98	0.85	+0.13
Calmar ratio: Return relative to maximum drawdown	-0.34	-0.91	+0.57
Martin ratio: Return relative to average drawdown	-0.62	-1.70	+1.07

AON vs. CRM - Sharpe Ratio Comparison

The current AON Sharpe Ratio is -0.25, which is higher than the CRM Sharpe Ratio of -0.94. The chart below compares the historical Sharpe Ratios of AON and CRM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AON vs. CRM - Drawdown Comparison

The maximum AON drawdown since its inception was -69.05%, roughly equal to the maximum CRM drawdown of -70.50%. Use the drawdown chart below to compare losses from any high point for AON and CRM.

Drawdown Indicators

	AON	CRM	Difference
Max Drawdown Largest peak-to-trough decline	-69.05%	-70.50%	+1.45%
Max Drawdown (1Y) Largest decline over 1 year	-17.28%	-39.36%	+22.08%
Max Drawdown (3Y) Largest decline over 3 years	-23.84%	-54.70%	+30.86%
Max Drawdown (5Y) Largest decline over 5 years	-25.38%	-58.62%	+33.24%
Max Drawdown (10Y) Largest decline over 10 years	-38.73%	-58.62%	+19.89%
Current Drawdown Current decline from peak	-18.60%	-54.70%	+36.10%
Average Drawdown Average peak-to-trough decline	-13.67%	-16.15%	+2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.32%	21.06%	-11.74%

Volatility

AON vs. CRM - Volatility Comparison

The current volatility for Aon plc (AON) is 5.94%, while Salesforce, Inc. (CRM) has a volatility of 16.75%. This indicates that AON experiences smaller price fluctuations and is considered to be less risky than CRM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AON	CRM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.94%	16.75%	-10.81%
Volatility (6M) Calculated over the trailing 6-month period	19.46%	31.59%	-12.13%
Volatility (1Y) Calculated over the trailing 1-year period	23.57%	38.05%	-14.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.13%	37.06%	-13.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.46%	35.39%	-11.93%

Dividends

AON vs. CRM - Dividend Comparison

AON's dividend yield for the trailing twelve months is around 0.93%, less than CRM's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AON Aon plc	0.93%	0.82%	0.74%	0.83%	0.73%	0.66%	0.84%	0.83%	1.35%	1.05%	1.16%	1.25%
CRM Salesforce, Inc.	1.29%	0.63%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

AON vs. CRM - Profitability Comparison

The chart below illustrates the profitability comparison between Aon plc and Salesforce, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aon plc reported a gross profit of 2.64B and revenue of 5.03B. Therefore, the gross margin over that period was 52.5%.

CRM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Salesforce, Inc. reported a gross profit of 8.56B and revenue of 11.13B. Therefore, the gross margin over that period was 76.9%.

AON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aon plc reported an operating income of 1.72B and revenue of 5.03B, resulting in an operating margin of 34.1%.

CRM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Salesforce, Inc. reported an operating income of 2.35B and revenue of 11.13B, resulting in an operating margin of 21.1%.

AON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aon plc reported a net income of 1.21B and revenue of 5.03B, resulting in a net margin of 24.1%.

CRM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Salesforce, Inc. reported a net income of 2.11B and revenue of 11.13B, resulting in a net margin of 18.9%.

Frequently Asked Questions

Can I hold both AON and CRM in my portfolio?

AON and CRM have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AON or CRM?

CRM has higher volatility (16.75%) compared to AON (5.94%). In terms of maximum drawdown, AON dropped -69.05% vs CRM's -70.50%.

Which has better risk-adjusted returns?

AON currently has the higher Sharpe Ratio (-0.25 vs -0.94), 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.