BRO vs. AXON
BRO (Brown & Brown, Inc.) and AXON (Axon Enterprise, Inc.) are both stocks. BRO operates in Insurance Brokers (Financial Services), while AXON operates in Aerospace & Defense (Industrials). Over the past 10 years, BRO returned 13.27%/yr vs 35.39%/yr for AXON. At a 0.26 correlation, their price movements are largely independent.
Performance
BRO vs. AXON - Performance Comparison
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Returns By Period
In the year-to-date period, BRO achieves a -26.85% return, which is significantly lower than AXON's -17.06% return. Over the past 10 years, BRO has underperformed AXON with an annualized return of 13.27%, while AXON has yielded a comparatively higher 35.39% annualized return.
BRO
- 1D
- -1.46%
- 1M
- 3.05%
- YTD
- -26.85%
- 6M
- -24.91%
- 1Y
- -47.08%
- 3Y*
- -2.56%
- 5Y*
- 3.04%
- 10Y*
- 13.27%
AXON
- 1D
- -3.10%
- 1M
- 16.73%
- YTD
- -17.06%
- 6M
- -14.84%
- 1Y
- -40.51%
- 3Y*
- 34.22%
- 5Y*
- 26.05%
- 10Y*
- 35.39%
BRO vs. AXON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRO Brown & Brown, Inc. | -26.85% | -21.37% | 44.32% | 25.73% | -18.39% | 49.31% | 21.06% | 44.67% | 8.30% | 16.15% |
AXON Axon Enterprise, Inc. | -17.06% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 65.09% | 9.32% |
Correlation
The correlation between BRO and AXON is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
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 | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2001 | 0.26 |
The correlation between BRO and AXON shifts across timeframes, from 0.11 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BRO:
$4.76
AXON:
$2.41
BRO:
12.18
AXON:
195.83
BRO:
0.89
AXON:
0.06
BRO:
2.18
AXON:
13.54
BRO:
$6.43B
AXON:
$2.98B
BRO:
$3.82B
AXON:
$1.77B
BRO:
$1.51B
AXON:
$156.24M
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Return for Risk
BRO vs. AXON — Risk / Return Rank
BRO
AXON
BRO vs. AXON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown & Brown, Inc. (BRO) and Axon Enterprise, Inc. (AXON). 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.
| BRO | AXON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 0.88 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.67 | -0.26 |
| Martin ratioReturn relative to average drawdown | -1.59 | -1.17 | -0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BRO | AXON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.66 | -0.73 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.55 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.72 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.51 | -0.01 |
Drawdowns
BRO vs. AXON - Drawdown Comparison
The maximum BRO drawdown since its inception was -55.85%, smaller than the maximum AXON drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for BRO and AXON.
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Drawdown Indicators
| BRO | AXON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.85% | -91.78% | +35.93% |
Max Drawdown (1Y)Largest decline over 1 year | -50.55% | -60.28% | +9.73% |
Max Drawdown (3Y)Largest decline over 3 years | -55.85% | -60.28% | +4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -55.85% | -60.28% | +4.43% |
Max Drawdown (10Y)Largest decline over 10 years | -55.85% | -60.28% | +4.43% |
Current DrawdownCurrent decline from peak | -52.91% | -45.92% | -6.99% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -43.59% | +30.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.57% | 34.81% | -5.24% |
Volatility
BRO vs. AXON - Volatility Comparison
The current volatility for Brown & Brown, Inc. (BRO) is 9.52%, while Axon Enterprise, Inc. (AXON) has a volatility of 19.02%. This indicates that BRO experiences smaller price fluctuations and is considered to be less risky than AXON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRO | AXON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.52% | 19.02% | -9.50% |
Volatility (6M)Calculated over the trailing 6-month period | 21.90% | 44.22% | -22.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.53% | 55.73% | -27.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.81% | 47.97% | -23.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.69% | 49.19% | -25.50% |
Dividends
BRO vs. AXON - Dividend Comparison
BRO's dividend yield for the trailing twelve months is around 1.11%, while AXON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AXON Axon Enterprise, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BRO Brown & Brown, Inc. | 1.11% | 0.77% | 0.53% | 0.67% | 0.74% | 0.54% | 0.73% | 0.82% | 1.11% | 1.08% | 1.12% | 1.41% |
Financials
BRO vs. AXON - Financials Comparison
This section allows you to compare key financial metrics between Brown & Brown, Inc. and Axon Enterprise, 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
BRO vs. AXON - Profitability Comparison
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%.
AXON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a gross profit of 477.29M and revenue of 807.35M. Therefore, the gross margin over that period was 59.1%.
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%.
AXON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported an operating income of 29.24M and revenue of 807.35M, resulting in an operating margin of 3.6%.
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%.
AXON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a net income of 169.31M and revenue of 807.35M, resulting in a net margin of 21.0%.
Frequently Asked Questions
BRO and AXON have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXON has higher volatility (19.02%) compared to BRO (9.52%). In terms of maximum drawdown, BRO dropped -55.85% vs AXON's -91.78%.
AXON currently has the higher Sharpe Ratio (-0.73 vs -1.66), 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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