BRO vs. AXP
BRO (Brown & Brown, Inc.) and AXP (American Express Company) are both stocks. Both are in the Financial Services sector — BRO in Insurance Brokers, AXP in Credit Services. Over the past 10 years, BRO returned 13.86%/yr vs 19.88%/yr for AXP. At a 0.33 correlation, their price movements are largely independent.
Performance
BRO vs. AXP - Performance Comparison
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Returns By Period
In the year-to-date period, BRO achieves a -24.34% return, which is significantly lower than AXP's -11.56% return. Over the past 10 years, BRO has underperformed AXP with an annualized return of 13.86%, while AXP has yielded a comparatively higher 19.88% annualized return.
BRO
- 1D
- 0.07%
- 1M
- 10.32%
- YTD
- -24.34%
- 6M
- -26.12%
- 1Y
- -43.33%
- 3Y*
- -1.70%
- 5Y*
- 3.56%
- 10Y*
- 13.86%
AXP
- 1D
- 2.18%
- 1M
- 5.11%
- YTD
- -11.56%
- 6M
- -14.47%
- 1Y
- 10.36%
- 3Y*
- 24.40%
- 5Y*
- 16.02%
- 10Y*
- 19.88%
BRO vs. AXP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRO Brown & Brown, Inc. | -24.34% | -21.37% | 44.32% | 25.73% | -18.39% | 49.31% | 21.06% | 44.67% | 8.30% | 16.15% |
AXP American Express Company | -11.56% | 25.99% | 60.32% | 28.67% | -8.52% | 36.88% | -1.14% | 32.52% | -2.62% | 36.22% |
Correlation
The correlation between BRO and AXP is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 1992 | 0.33 |
The correlation between BRO and AXP shifts across timeframes, from 0.20 (1 year) to 0.43 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BRO:
$4.76
AXP:
$16.23
BRO:
12.59
AXP:
20.06
BRO:
0.92
AXP:
1.71
BRO:
2.25
AXP:
2.73
BRO:
$6.43B
AXP:
$82.41B
BRO:
$3.82B
AXP:
$68.81B
BRO:
$1.51B
AXP:
$18.41B
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Return for Risk
BRO vs. AXP — Risk / Return Rank
BRO
AXP
BRO vs. AXP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown & Brown, Inc. (BRO) and American Express Company (AXP). 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.
| BRO | AXP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 0.71 | 1.09 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 0.44 | -1.29 |
| Martin ratioReturn relative to average drawdown | -1.44 | 0.93 | -2.37 |
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Drawdowns
BRO vs. AXP - Drawdown Comparison
The maximum BRO drawdown since its inception was -55.85%, smaller than the maximum AXP drawdown of -83.91%. Use the drawdown chart below to compare losses from any high point for BRO and AXP.
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Drawdown Indicators
| BRO | AXP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.85% | -83.91% | +28.06% |
Max Drawdown (1Y)Largest decline over 1 year | -50.55% | -23.90% | -26.65% |
Max Drawdown (3Y)Largest decline over 3 years | -55.85% | -28.76% | -27.09% |
Max Drawdown (5Y)Largest decline over 5 years | -55.85% | -31.55% | -24.30% |
Max Drawdown (10Y)Largest decline over 10 years | -55.85% | -49.64% | -6.21% |
Current DrawdownCurrent decline from peak | -51.29% | -14.99% | -36.30% |
Average DrawdownAverage peak-to-trough decline | -13.54% | -22.05% | +8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.12% | 11.15% | +18.97% |
Volatility
BRO vs. AXP - Volatility Comparison
Brown & Brown, Inc. (BRO) has a higher volatility of 8.65% compared to American Express Company (AXP) at 6.90%. This indicates that BRO's price experiences larger fluctuations and is considered to be riskier than AXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRO | AXP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 6.90% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 21.99% | 20.01% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.46% | 26.46% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.82% | 29.50% | -4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.70% | 31.83% | -8.13% |
Dividends
BRO vs. AXP - Dividend Comparison
BRO's dividend yield for the trailing twelve months is around 1.08%, more than AXP's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AXP American Express Company | 1.05% | 0.85% | 0.91% | 1.24% | 1.35% | 1.05% | 1.42% | 1.29% | 1.51% | 1.32% | 1.61% | 1.58% |
BRO Brown & Brown, Inc. | 1.08% | 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. AXP - Financials Comparison
This section allows you to compare key financial metrics between Brown & Brown, Inc. and American Express Company. 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. AXP - 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%.
AXP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Express Company reported a gross profit of 17.66B and revenue of 20.88B. Therefore, the gross margin over that period was 84.6%.
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%.
AXP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Express Company reported an operating income of 6.60B and revenue of 20.88B, resulting in an operating margin of 31.6%.
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%.
AXP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Express Company reported a net income of 2.97B and revenue of 20.88B, resulting in a net margin of 14.2%.
Frequently Asked Questions
BRO and AXP have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRO has higher volatility (8.65%) compared to AXP (6.90%). In terms of maximum drawdown, BRO dropped -55.85% vs AXP's -83.91%.
AXP currently has the higher Sharpe Ratio (0.39 vs -1.53), 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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