BIV vs. BRO
BIV (Vanguard Intermediate-Term Bond Index ETF) is Intermediate Core Bond fund tracking the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index, while BRO (Brown & Brown, Inc.) is a stock. Over the past 10 years, BIV returned 1.75%/yr vs 15.04%/yr for BRO. At a correlation of -0.12, they often move in opposite directions.
Performance
BIV vs. BRO - Performance Comparison
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Returns By Period
In the year-to-date period, BIV achieves a -0.40% return, which is significantly higher than BRO's -13.05% return. Over the past 10 years, BIV has underperformed BRO with an annualized return of 1.75%, while BRO has yielded a comparatively higher 15.04% annualized return.
BIV
- 1D
- -0.26%
- 1M
- -0.41%
- 6M
- -0.26%
- YTD
- -0.40%
- 1Y
- 3.43%
- 3Y*
- 4.27%
- 5Y*
- -0.08%
- 10Y*
- 1.75%
- ALL TIME*
- 3.79%
BRO
- 1D
- -0.59%
- 1M
- 16.65%
- 6M
- -13.38%
- YTD
- -13.05%
- 1Y
- -33.02%
- 3Y*
- -0.37%
- 5Y*
- 6.03%
- 10Y*
- 15.04%
- ALL TIME*
- 14.93%
BIV vs. BRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | -0.40% | 8.52% | 1.57% | 6.07% | -13.21% | -2.40% | 9.67% | 10.34% | -0.19% | 3.65% |
BRO Brown & Brown, Inc. | -13.05% | -21.37% | 44.32% | 25.73% | -18.39% | 49.31% | 21.06% | 44.67% | 8.30% | 16.15% |
Correlation
The correlation between BIV and BRO is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.12 |
The correlation between BIV and BRO shifts across timeframes, from -0.12 (all time) to 0.09 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BIV vs. BRO — Risk / Return Rank
BIV
BRO
BIV vs. BRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond Index ETF (BIV) 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.
| BIV | BRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.81 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | -0.71 | +1.79 |
| Martin ratioReturn relative to average drawdown | 2.80 | -1.17 | +3.96 |
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Drawdowns
BIV vs. BRO - Drawdown Comparison
The maximum BIV drawdown since its inception was -18.95%, smaller than the maximum BRO drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for BIV and BRO.
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Drawdown Indicators
| BIV | BRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.95% | -55.85% | +36.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -46.93% | +43.75% |
Max Drawdown (3Y)Largest decline over 3 years | -5.55% | -55.85% | +50.30% |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | -55.85% | +37.11% |
Max Drawdown (10Y)Largest decline over 10 years | -18.95% | -55.85% | +36.90% |
Current DrawdownCurrent decline from peak | -2.20% | -44.02% | +41.82% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -13.63% | +10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 28.61% | -27.38% |
Volatility
BIV vs. BRO - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Bond Index ETF (BIV) is 1.18%, while Brown & Brown, Inc. (BRO) has a volatility of 11.02%. This indicates that BIV experiences smaller price fluctuations and is considered to be less risky 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
| BIV | BRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 11.02% | -9.84% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 23.89% | -20.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 30.37% | -26.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.41% | 25.27% | -18.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.50% | 23.84% | -18.34% |
Dividends
BIV vs. BRO - Dividend Comparison
BIV's dividend yield for the trailing twelve months is around 4.26%, more than BRO's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 4.26% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
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% |
Frequently Asked Questions
BIV and BRO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRO has higher volatility (11.02%) compared to BIV (1.18%). In terms of maximum drawdown, BIV dropped -18.95% vs BRO's -55.85%.
BIV currently has the higher Sharpe Ratio (0.85 vs -1.09), 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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