BRO vs. CALM
BRO (Brown & Brown, Inc.) and CALM (Cal-Maine Foods, Inc.) are both stocks. BRO operates in Insurance Brokers (Financial Services), while CALM operates in Farm Products (Consumer Defensive). Over the past 10 years, BRO returned 13.27%/yr vs 9.13%/yr for CALM. At a 0.17 correlation, their price movements are largely independent.
Performance
BRO vs. CALM - 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 CALM's -2.78% return. Over the past 10 years, BRO has outperformed CALM with an annualized return of 13.27%, while CALM has yielded a comparatively lower 9.13% 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%
CALM
- 1D
- 0.91%
- 1M
- 0.33%
- YTD
- -2.78%
- 6M
- -9.32%
- 1Y
- -18.13%
- 3Y*
- 21.90%
- 5Y*
- 21.90%
- 10Y*
- 9.13%
BRO vs. CALM - 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% |
CALM Cal-Maine Foods, Inc. | -2.78% | -15.61% | 87.00% | 14.48% | 51.87% | -1.38% | -12.19% | 2.09% | -3.90% | 0.62% |
Correlation
The correlation between BRO and CALM is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 1996 | 0.17 |
Fundamentals
BRO:
$4.76
CALM:
$14.48
BRO:
12.18
CALM:
5.27
BRO:
0.89
CALM:
0.00
BRO:
2.18
CALM:
1.06
BRO:
$6.43B
CALM:
$3.46B
BRO:
$3.82B
CALM:
$1.17B
BRO:
$1.51B
CALM:
$1.05B
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Return for Risk
BRO vs. CALM — Risk / Return Rank
BRO
CALM
BRO vs. CALM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown & Brown, Inc. (BRO) and Cal-Maine Foods, Inc. (CALM). 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 | CALM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 0.92 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.49 | -0.44 |
| Martin ratioReturn relative to average drawdown | -1.59 | -0.77 | -0.83 |
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 | CALM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.66 | -0.55 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.68 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.29 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.38 | +0.12 |
Drawdowns
BRO vs. CALM - Drawdown Comparison
The maximum BRO drawdown since its inception was -55.85%, smaller than the maximum CALM drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for BRO and CALM.
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Drawdown Indicators
| BRO | CALM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.85% | -74.08% | +18.23% |
Max Drawdown (1Y)Largest decline over 1 year | -50.55% | -37.00% | -13.55% |
Max Drawdown (3Y)Largest decline over 3 years | -55.85% | -37.00% | -18.85% |
Max Drawdown (5Y)Largest decline over 5 years | -55.85% | -37.00% | -18.85% |
Max Drawdown (10Y)Largest decline over 10 years | -55.85% | -39.12% | -16.73% |
Current DrawdownCurrent decline from peak | -52.91% | -32.72% | -20.19% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -30.31% | +16.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.57% | 23.64% | +5.93% |
Volatility
BRO vs. CALM - Volatility Comparison
Brown & Brown, Inc. (BRO) has a higher volatility of 9.52% compared to Cal-Maine Foods, Inc. (CALM) at 7.03%. This indicates that BRO's price experiences larger fluctuations and is considered to be riskier than CALM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRO | CALM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.52% | 7.03% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 21.90% | 20.18% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.53% | 33.13% | -4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.81% | 32.59% | -7.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.69% | 31.16% | -7.47% |
Dividends
BRO vs. CALM - Dividend Comparison
BRO's dividend yield for the trailing twelve months is around 1.11%, less than CALM's 6.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CALM Cal-Maine Foods, Inc. | 6.29% | 10.90% | 2.82% | 7.51% | 3.17% | 0.09% | 0.00% | 0.98% | 1.03% | 0.00% | 2.70% | 4.10% |
Financials
BRO vs. CALM - Financials Comparison
This section allows you to compare key financial metrics between Brown & Brown, Inc. and Cal-Maine Foods, 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. CALM - 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%.
CALM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a gross profit of 119.28M and revenue of 666.95M. Therefore, the gross margin over that period was 17.9%.
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%.
CALM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported an operating income of 35.98M and revenue of 666.95M, resulting in an operating margin of 5.4%.
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%.
CALM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a net income of 50.46M and revenue of 666.95M, resulting in a net margin of 7.6%.
Frequently Asked Questions
BRO and CALM have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRO has higher volatility (9.52%) compared to CALM (7.03%). In terms of maximum drawdown, BRO dropped -55.85% vs CALM's -74.08%.
CALM currently has the higher Sharpe Ratio (-0.55 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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