BF-A vs. BRO
BF-A (Brown-Forman Corporation) and BRO (Brown & Brown, Inc.) are both stocks. BF-A operates in Beverages - Wineries & Distilleries (Consumer Defensive), while BRO operates in Insurance Brokers (Financial Services). Over the past 10 years, BF-A returned -3.03%/yr vs 15.29%/yr for BRO. At a 0.23 correlation, their price movements are largely independent.
Performance
BF-A vs. BRO - Performance Comparison
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Returns By Period
In the year-to-date period, BF-A achieves a -0.55% return, which is significantly higher than BRO's -13.60% return. Over the past 10 years, BF-A has underperformed BRO with an annualized return of -3.03%, while BRO has yielded a comparatively higher 15.29% annualized return.
BF-A
- 1D
- -3.60%
- 1M
- -6.17%
- 6M
- -1.96%
- YTD
- -0.55%
- 1Y
- -6.52%
- 3Y*
- -26.17%
- 5Y*
- -15.95%
- 10Y*
- -3.03%
BRO
- 1D
- -1.03%
- 1M
- 14.19%
- 6M
- -12.90%
- YTD
- -13.60%
- 1Y
- -36.00%
- 3Y*
- 0.60%
- 5Y*
- 5.79%
- 10Y*
- 15.29%
BF-A vs. BRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BF-A Brown-Forman Corporation | -0.55% | -28.07% | -35.56% | -8.20% | -1.88% | -5.36% | 18.31% | 34.00% | -9.34% | 47.37% |
BRO Brown & Brown, Inc. | -13.60% | -21.37% | 44.32% | 25.73% | -18.39% | 49.31% | 21.06% | 44.67% | 8.30% | 16.15% |
Correlation
The correlation between BF-A and BRO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 1992 | 0.23 |
The correlation between BF-A and BRO shifts across timeframes, from 0.15 (1 year) to 0.33 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BF-A:
$11.80B
BRO:
$23.22B
BF-A:
$1.71
BRO:
$5.13
BF-A:
15.06
BRO:
13.35
BF-A:
18.72
BRO:
0.98
BF-A:
3.11
BRO:
2.38
BF-A:
$3.91B
BRO:
$6.43B
BF-A:
$2.32B
BRO:
$3.82B
BF-A:
$1.19B
BRO:
$1.51B
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Return for Risk
BF-A vs. BRO — Risk / Return Rank
BF-A
BRO
BF-A vs. BRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown-Forman Corporation (BF-A) and Brown & Brown, Inc. (BRO). 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.
| BF-A | BRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.79 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | -0.75 | +0.48 |
| Martin ratioReturn relative to average drawdown | -0.59 | -1.21 | +0.62 |
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Drawdowns
BF-A vs. BRO - Drawdown Comparison
The maximum BF-A drawdown since its inception was -70.24%, which is greater than BRO's maximum drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for BF-A and BRO.
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Drawdown Indicators
| BF-A | BRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.24% | -55.85% | -14.39% |
Max Drawdown (1Y)Largest decline over 1 year | -24.17% | -48.36% | +24.19% |
Max Drawdown (3Y)Largest decline over 3 years | -65.74% | -55.85% | -9.89% |
Max Drawdown (5Y)Largest decline over 5 years | -67.09% | -55.85% | -11.24% |
Max Drawdown (10Y)Largest decline over 10 years | -68.32% | -55.85% | -12.47% |
Current DrawdownCurrent decline from peak | -64.59% | -44.38% | -20.21% |
Average DrawdownAverage peak-to-trough decline | -14.88% | -13.62% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.01% | 30.67% | -19.66% |
Volatility
BF-A vs. BRO - Volatility Comparison
Brown-Forman Corporation (BF-A) has a higher volatility of 10.99% compared to Brown & Brown, Inc. (BRO) at 10.31%. This indicates that BF-A's price experiences larger fluctuations and is considered to be riskier than BRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BF-A | BRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.99% | 10.31% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 30.39% | 23.49% | +6.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.98% | 30.04% | +6.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.46% | 25.21% | +4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.27% | 23.84% | +4.43% |
Dividends
BF-A vs. BRO - Dividend Comparison
BF-A's dividend yield for the trailing twelve months is around 3.58%, more than BRO's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BF-A Brown-Forman Corporation | 3.58% | 3.46% | 2.33% | 1.40% | 1.17% | 2.55% | 0.96% | 1.07% | 3.11% | 1.11% | 1.50% | 1.17% |
BRO Brown & Brown, Inc. | 0.94% | 0.77% | 0.53% | 0.67% | 0.74% | 0.54% | 0.73% | 0.82% | 1.11% | 1.08% | 1.12% | 1.41% |
Financials
BF-A vs. BRO - Financials Comparison
This section allows you to compare key financial metrics between Brown-Forman Corporation and Brown & Brown, 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
BF-A vs. BRO - Profitability Comparison
BF-A - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Brown-Forman Corporation reported a gross profit of 640.00M and revenue of 1.06B. Therefore, the gross margin over that period was 60.6%.
BRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Brown & Brown, Inc. reported a gross profit of 994.00M and revenue of 1.90B. Therefore, the gross margin over that period was 52.3%.
BF-A - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Brown-Forman Corporation reported an operating income of 343.00M and revenue of 1.06B, resulting in an operating margin of 32.5%.
BRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Brown & Brown, Inc. reported an operating income of 0.00 and revenue of 1.90B, resulting in an operating margin of 0.0%.
BF-A - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Brown-Forman Corporation reported a net income of 267.00M and revenue of 1.06B, resulting in a net margin of 25.3%.
BRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Brown & Brown, Inc. reported a net income of 426.00M and revenue of 1.90B, resulting in a net margin of 22.4%.
Frequently Asked Questions
BF-A and BRO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BF-A has higher volatility (10.99%) compared to BRO (10.31%). In terms of maximum drawdown, BF-A dropped -70.24% vs BRO's -55.85%.
BF-A currently has the higher Sharpe Ratio (-0.18 vs -1.20), 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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