BF-B vs. BRO
BF-B (Brown-Forman Corporation) and BRO (Brown & Brown, Inc.) are both stocks. BF-B operates in Beverages - Wineries & Distilleries (Consumer Defensive), while BRO operates in Insurance Brokers (Financial Services). Over the past 10 years, BF-B returned -2.20%/yr vs 15.41%/yr for BRO. At a 0.26 correlation, their price movements are largely independent.
Performance
BF-B vs. BRO - Performance Comparison
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Returns By Period
In the year-to-date period, BF-B achieves a 2.54% return, which is significantly higher than BRO's -12.71% return. Over the past 10 years, BF-B has underperformed BRO with an annualized return of -2.20%, while BRO has yielded a comparatively higher 15.41% annualized return.
BF-B
- 1D
- 0.31%
- 1M
- -2.81%
- 6M
- 0.39%
- YTD
- 2.54%
- 1Y
- -6.43%
- 3Y*
- -25.21%
- 5Y*
- -16.64%
- 10Y*
- -2.20%
BRO
- 1D
- 2.29%
- 1M
- 15.37%
- 6M
- -12.61%
- YTD
- -12.71%
- 1Y
- -34.59%
- 3Y*
- 0.95%
- 5Y*
- 6.31%
- 10Y*
- 15.41%
BF-B vs. BRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BF-B Brown-Forman Corporation | 2.54% | -29.29% | -32.23% | -11.91% | -8.86% | -6.07% | 18.67% | 43.78% | -10.98% | 55.01% |
BRO Brown & Brown, Inc. | -12.71% | -21.37% | 44.32% | 25.73% | -18.39% | 49.31% | 21.06% | 44.67% | 8.30% | 16.15% |
Correlation
The correlation between BF-B 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 | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 1992 | 0.26 |
The correlation between BF-B and BRO shifts across timeframes, from 0.15 (1 year) to 0.34 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BF-B:
$12.24B
BRO:
$23.46B
BF-B:
$1.71
BRO:
$5.13
BF-B:
15.38
BRO:
13.48
BF-B:
19.11
BRO:
0.99
BF-B:
3.17
BRO:
2.41
BF-B:
$3.91B
BRO:
$6.43B
BF-B:
$2.32B
BRO:
$3.82B
BF-B:
$1.19B
BRO:
$1.51B
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Return for Risk
BF-B vs. BRO — Risk / Return Rank
BF-B
BRO
BF-B vs. BRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown-Forman Corporation (BF-B) 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-B | BRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.80 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | -0.71 | +0.45 |
| Martin ratioReturn relative to average drawdown | -0.55 | -1.13 | +0.58 |
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Drawdowns
BF-B vs. BRO - Drawdown Comparison
The maximum BF-B drawdown since its inception was -68.96%, 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-B and BRO.
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Drawdown Indicators
| BF-B | BRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.96% | -55.85% | -13.11% |
Max Drawdown (1Y)Largest decline over 1 year | -25.48% | -49.19% | +23.71% |
Max Drawdown (3Y)Largest decline over 3 years | -65.65% | -55.85% | -9.80% |
Max Drawdown (5Y)Largest decline over 5 years | -68.31% | -55.85% | -12.46% |
Max Drawdown (10Y)Largest decline over 10 years | -68.96% | -55.85% | -13.11% |
Current DrawdownCurrent decline from peak | -63.95% | -43.81% | -20.14% |
Average DrawdownAverage peak-to-trough decline | -11.71% | -13.61% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.64% | 30.59% | -18.95% |
Volatility
BF-B vs. BRO - Volatility Comparison
Brown-Forman Corporation (BF-B) and Brown & Brown, Inc. (BRO) have volatilities of 10.24% and 10.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BF-B | BRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.24% | 10.22% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 31.36% | 23.48% | +7.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.71% | 30.09% | +8.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.12% | 25.21% | +4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.12% | 23.83% | +4.29% |
Dividends
BF-B vs. BRO - Dividend Comparison
BF-B's dividend yield for the trailing twelve months is around 3.50%, more than BRO's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BF-B Brown-Forman Corporation | 3.50% | 3.49% | 2.32% | 1.46% | 1.17% | 2.37% | 0.88% | 0.99% | 3.10% | 1.09% | 1.54% | 1.29% |
BRO Brown & Brown, Inc. | 0.93% | 0.77% | 0.53% | 0.67% | 0.74% | 0.54% | 0.73% | 0.82% | 1.11% | 1.08% | 1.12% | 1.41% |
Financials
BF-B 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-B vs. BRO - Profitability Comparison
BF-B - 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-B - 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-B - 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-B 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-B has higher volatility (10.24%) compared to BRO (10.22%). In terms of maximum drawdown, BF-B dropped -68.96% vs BRO's -55.85%.
BF-B currently has the higher Sharpe Ratio (-0.17 vs -1.16), 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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