BRO vs. BJ

Last updated Jun 16, 2026

BRO (Brown & Brown, Inc.) and BJ (BJ's Wholesale Club Holdings, Inc.) are both stocks. BRO operates in Insurance Brokers (Financial Services), while BJ operates in Discount Stores (Consumer Defensive). Over the past 5 years, BRO returned 3.10%/yr vs 14.13%/yr for BJ. At a 0.23 correlation, their price movements are largely independent.

Performance

BRO vs. BJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown & Brown, Inc. (BRO) and BJ's Wholesale Club Holdings, Inc. (BJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRO achieves a -25.23% return, which is significantly lower than BJ's 0.20% return.

BRO

• 1D: -1.18%
• 1M: 5.33%
• YTD: -25.23%
• 6M: -27.62%
• 1Y: -43.90%
• 3Y*: -2.96%
• 5Y*: 3.10%
• 10Y*: 13.77%

BJ

• 1D: -0.91%
• 1M: -6.38%
• YTD: 0.20%
• 6M: -1.35%
• 1Y: -18.45%
• 3Y*: 13.89%
• 5Y*: 14.13%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRO vs. BJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BRO Brown & Brown, Inc.	-25.23%	-21.37%	44.32%	25.73%	-18.39%	49.31%	21.06%	44.67%	0.80%
BJ BJ's Wholesale Club Holdings, Inc.	0.20%	0.76%	34.04%	0.76%	-1.21%	79.64%	63.94%	2.62%	4.28%

Correlation

The correlation between BRO and BJ is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jun 28, 2018	0.23

Fundamentals

EPS BRO : $4.76 BJ : $4.35
PE Ratio BRO : 12.44 BJ : 20.72
PEG Ratio BRO : 0.91 BJ : 2.29
PS Ratio BRO : 2.22 BJ : 0.54
Total Revenue (TTM) BRO : $6.43B BJ : $21.97B
Gross Profit (TTM) BRO : $3.82B BJ : $4.06B
EBITDA (TTM) BRO : $1.51B BJ : $1.05B

Return for Risk

BRO vs. BJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRO

BRO Risk / Return Rank: 4
BRO Sharpe Ratio Rank: 0
BRO Sortino Ratio Rank: 2
BRO Omega Ratio Rank: 2
BRO Calmar Ratio Rank: 8
BRO Martin Ratio Rank: 7

BJ

BJ Risk / Return Rank: 17
BJ Sharpe Ratio Rank: 15
BJ Sortino Ratio Rank: 17
BJ Omega Ratio Rank: 18
BJ Calmar Ratio Rank: 16
BJ Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRO vs. BJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown & Brown, Inc. (BRO) and BJ's Wholesale Club Holdings, Inc. (BJ). 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	BJ	Difference
Sharpe ratio: Return per unit of total volatility	-1.55	-0.62	-0.93
Sortino ratio: Return per unit of downside risk	-2.26	-0.72	-1.54
Omega ratio: Gain probability vs. loss probability	0.71	0.91	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.87	-0.69	-0.18
Martin ratio: Return relative to average drawdown	-1.45	-1.10	-0.35

BRO vs. BJ - Sharpe Ratio Comparison

The current BRO Sharpe Ratio is -1.55, which is lower than the BJ Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of BRO and BJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BRO vs. BJ - Drawdown Comparison

The maximum BRO drawdown since its inception was -55.85%, which is greater than BJ's maximum drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for BRO and BJ.

Drawdown Indicators

	BRO	BJ	Difference
Max Drawdown Largest peak-to-trough decline	-55.85%	-38.76%	-17.09%
Max Drawdown (1Y) Largest decline over 1 year	-50.55%	-26.66%	-23.89%
Max Drawdown (3Y) Largest decline over 3 years	-55.85%	-29.80%	-26.05%
Max Drawdown (5Y) Largest decline over 5 years	-55.85%	-29.80%	-26.05%
Max Drawdown (10Y) Largest decline over 10 years	-55.85%	—	—
Current Drawdown Current decline from peak	-51.87%	-24.79%	-27.08%
Average Drawdown Average peak-to-trough decline	-13.54%	-12.49%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.26%	16.81%	+13.45%

Volatility

BRO vs. BJ - Volatility Comparison

The current volatility for Brown & Brown, Inc. (BRO) is 8.51%, while BJ's Wholesale Club Holdings, Inc. (BJ) has a volatility of 11.63%. This indicates that BRO experiences smaller price fluctuations and is considered to be less risky than BJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRO	BJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.51%	11.63%	-3.12%
Volatility (6M) Calculated over the trailing 6-month period	21.83%	22.58%	-0.75%
Volatility (1Y) Calculated over the trailing 1-year period	28.43%	29.84%	-1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.83%	32.31%	-7.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	37.14%	-13.43%

Dividends

BRO vs. BJ - Dividend Comparison

BRO's dividend yield for the trailing twelve months is around 1.09%, while BJ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BJ BJ's Wholesale Club Holdings, 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.	1.09%	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. BJ - Profitability Comparison

The chart below illustrates the profitability comparison between Brown & Brown, Inc. and BJ's Wholesale Club Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

BJ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BJ's Wholesale Club Holdings, Inc. reported a gross profit of 1.03B and revenue of 5.66B. Therefore, the gross margin over that period was 18.2%.

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%.

BJ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BJ's Wholesale Club Holdings, Inc. reported an operating income of 207.91M and revenue of 5.66B, resulting in an operating margin of 3.7%.

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%.

BJ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BJ's Wholesale Club Holdings, Inc. reported a net income of 142.73M and revenue of 5.66B, resulting in a net margin of 2.5%.

Frequently Asked Questions

Can I hold both BRO and BJ in my portfolio?

BRO and BJ have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRO or BJ?

BJ has higher volatility (11.63%) compared to BRO (8.51%). In terms of maximum drawdown, BRO dropped -55.85% vs BJ's -38.76%.

Which has better risk-adjusted returns?

BJ currently has the higher Sharpe Ratio (-0.62 vs -1.55), 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.