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 -1.35%/yr vs 13.98%/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 6.41% return, which is significantly higher than BRO's -23.82% return. Over the past 10 years, BF-B has underperformed BRO with an annualized return of -1.35%, while BRO has yielded a comparatively higher 13.98% annualized return.
BF-B
- 1D
- -0.07%
- 1M
- 4.88%
- YTD
- 6.41%
- 6M
- 4.10%
- 1Y
- 6.37%
- 3Y*
- -23.33%
- 5Y*
- -16.32%
- 10Y*
- -1.35%
BRO
- 1D
- 3.71%
- 1M
- 4.46%
- YTD
- -23.82%
- 6M
- -24.07%
- 1Y
- -45.06%
- 3Y*
- -2.44%
- 5Y*
- 3.28%
- 10Y*
- 13.98%
BF-B vs. BRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BF-B Brown-Forman Corporation | 6.41% | -29.29% | -32.23% | -11.91% | -8.86% | -6.07% | 18.67% | 43.78% | -10.98% | 55.01% |
BRO Brown & Brown, Inc. | -23.82% | -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 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
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 0.13 (1 year) to 0.34 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BF-B:
$1.71
BRO:
$4.76
BF-B:
15.96
BRO:
12.68
BF-B:
19.83
BRO:
0.93
BF-B:
3.29
BRO:
2.27
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 | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.70 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | -0.89 | +1.15 |
| Martin ratioReturn relative to average drawdown | 0.57 | -1.46 | +2.02 |
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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% | -50.55% | +25.07% |
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 | -62.59% | -50.96% | -11.63% |
Average DrawdownAverage peak-to-trough decline | -11.64% | -13.57% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.27% | 30.94% | -19.67% |
Volatility
BF-B vs. BRO - Volatility Comparison
Brown-Forman Corporation (BF-B) has a higher volatility of 9.37% compared to Brown & Brown, Inc. (BRO) at 8.14%. This indicates that BF-B'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-B | BRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 8.14% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 31.36% | 21.98% | +9.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.64% | 28.66% | +9.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.97% | 24.89% | +5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.07% | 23.71% | +4.36% |
Dividends
BF-B vs. BRO - Dividend Comparison
BF-B's dividend yield for the trailing twelve months is around 3.38%, more than BRO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BF-B Brown-Forman Corporation | 3.38% | 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. | 1.07% | 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 Jun 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 Jun 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 Jun 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 Jun 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 Jun 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 Jun 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 0.13, 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 (9.37%) compared to BRO (8.14%). 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 -1.58), 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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