BRO vs. BAESY
BRO (Brown & Brown, Inc.) and BAESY (BAE Systems PLC) are both stocks. BRO operates in Insurance Brokers (Financial Services), while BAESY operates in Aerospace & Defense (Industrials). Over the past 10 years, BRO returned 13.27%/yr vs 18.73%/yr for BAESY. At a 0.28 correlation, their price movements are largely independent.
Performance
BRO vs. BAESY - 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 BAESY's 12.98% return. Over the past 10 years, BRO has underperformed BAESY with an annualized return of 13.27%, while BAESY has yielded a comparatively higher 18.73% 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%
BAESY
- 1D
- 0.88%
- 1M
- -2.16%
- YTD
- 12.98%
- 6M
- 13.84%
- 1Y
- 0.14%
- 3Y*
- 31.96%
- 5Y*
- 30.90%
- 10Y*
- 18.73%
BRO vs. BAESY - 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% |
BAESY BAE Systems PLC | 12.98% | 65.51% | 1.23% | 40.91% | 46.40% | 14.56% | -3.43% | 34.69% | -22.16% | 13.28% |
Correlation
The correlation between BRO and BAESY is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007 | 0.28 |
Over the past year, the correlation between BRO and BAESY has dropped to 0.01 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
BRO:
$4.76
BAESY:
$5.29
BRO:
12.18
BAESY:
19.61
BRO:
0.89
BAESY:
3.61
BRO:
2.18
BAESY:
1.44
BRO:
$6.43B
BAESY:
$54.56B
BRO:
$3.82B
BAESY:
$19.72B
BRO:
$1.51B
BAESY:
$7.74B
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Return for Risk
BRO vs. BAESY — Risk / Return Rank
BRO
BAESY
BRO vs. BAESY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown & Brown, Inc. (BRO) and BAE Systems PLC (BAESY). 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 | BAESY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.03 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 0.01 | -0.94 |
| Martin ratioReturn relative to average drawdown | -1.59 | 0.01 | -1.61 |
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 | BAESY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.66 | 0.00 | -1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 1.11 | -0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.67 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.35 | +0.16 |
Drawdowns
BRO vs. BAESY - Drawdown Comparison
The maximum BRO drawdown since its inception was -55.85%, smaller than the maximum BAESY drawdown of -59.20%. Use the drawdown chart below to compare losses from any high point for BRO and BAESY.
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Drawdown Indicators
| BRO | BAESY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.85% | -59.20% | +3.35% |
Max Drawdown (1Y)Largest decline over 1 year | -50.55% | -23.59% | -26.96% |
Max Drawdown (3Y)Largest decline over 3 years | -55.85% | -23.59% | -32.26% |
Max Drawdown (5Y)Largest decline over 5 years | -55.85% | -23.59% | -32.26% |
Max Drawdown (10Y)Largest decline over 10 years | -55.85% | -42.13% | -13.72% |
Current DrawdownCurrent decline from peak | -52.91% | -15.62% | -37.29% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -19.33% | +5.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.57% | 9.99% | +19.58% |
Volatility
BRO vs. BAESY - Volatility Comparison
Brown & Brown, Inc. (BRO) and BAE Systems PLC (BAESY) have volatilities of 9.52% and 9.80%, 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
| BRO | BAESY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.52% | 9.80% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 21.90% | 24.82% | -2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.53% | 31.94% | -3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.81% | 28.05% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.69% | 27.88% | -4.19% |
Dividends
BRO vs. BAESY - Dividend Comparison
BRO's dividend yield for the trailing twelve months is around 1.11%, less than BAESY's 1.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAESY BAE Systems PLC | 1.87% | 1.90% | 2.79% | 2.40% | 3.09% | 4.46% | 7.05% | 3.66% | 4.93% | 5.71% | 6.26% | 4.38% |
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. BAESY - Financials Comparison
This section allows you to compare key financial metrics between Brown & Brown, Inc. and BAE Systems PLC. 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. BAESY - 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%.
BAESY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported a gross profit of 1.34B and revenue of 14.67B. Therefore, the gross margin over that period was 9.2%.
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%.
BAESY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported an operating income of 1.34B and revenue of 14.67B, resulting in an operating margin of 9.2%.
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%.
BAESY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported a net income of 1.09B and revenue of 14.67B, resulting in a net margin of 7.4%.
Frequently Asked Questions
BRO and BAESY have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAESY has higher volatility (9.80%) compared to BRO (9.52%). In terms of maximum drawdown, BRO dropped -55.85% vs BAESY's -59.20%.
BAESY currently has the higher Sharpe Ratio (0.00 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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