BRO vs. KO
BRO (Brown & Brown, Inc.) and KO (The Coca-Cola Company) are both stocks. BRO operates in Insurance Brokers (Financial Services), while KO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, BRO returned 13.77%/yr vs 9.46%/yr for KO. At a 0.25 correlation, their price movements are largely independent.
Performance
BRO vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, BRO achieves a -25.23% return, which is significantly lower than KO's 17.28% return. Over the past 10 years, BRO has outperformed KO with an annualized return of 13.77%, while KO has yielded a comparatively lower 9.46% annualized 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%
KO
- 1D
- -1.44%
- 1M
- 0.76%
- YTD
- 17.28%
- 6M
- 15.53%
- 1Y
- 17.15%
- 3Y*
- 12.74%
- 5Y*
- 11.40%
- 10Y*
- 9.46%
BRO vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRO Brown & Brown, Inc. | -25.23% | -21.37% | 44.32% | 25.73% | -18.39% | 49.31% | 21.06% | 44.67% | 8.30% | 16.15% |
KO The Coca-Cola Company | 17.28% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between BRO and KO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 1992 | 0.25 |
The correlation between BRO and KO shifts across timeframes, from 0.10 (1 year) to 0.38 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BRO:
$4.76
KO:
$3.18
BRO:
12.44
KO:
25.47
BRO:
0.91
KO:
3.07
BRO:
2.22
KO:
7.08
BRO:
$6.43B
KO:
$49.28B
BRO:
$3.82B
KO:
$30.43B
BRO:
$1.51B
KO:
$18.35B
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Return for Risk
BRO vs. KO — Risk / Return Rank
BRO
KO
BRO vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown & Brown, Inc. (BRO) and The Coca-Cola Company (KO). 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 | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.94 | ||
| Omega ratioGain probability vs. loss probability | 0.71 | 1.19 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.19 | -3.06 |
| Martin ratioReturn relative to average drawdown | -1.45 | 4.38 | -5.83 |
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Drawdowns
BRO vs. KO - Drawdown Comparison
The maximum BRO drawdown since its inception was -55.85%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for BRO and KO.
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Drawdown Indicators
| BRO | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.85% | -68.23% | +12.38% |
Max Drawdown (1Y)Largest decline over 1 year | -50.55% | -7.87% | -42.68% |
Max Drawdown (3Y)Largest decline over 3 years | -55.85% | -16.26% | -39.59% |
Max Drawdown (5Y)Largest decline over 5 years | -55.85% | -17.27% | -38.58% |
Max Drawdown (10Y)Largest decline over 10 years | -55.85% | -36.99% | -18.86% |
Current DrawdownCurrent decline from peak | -51.87% | -2.58% | -49.29% |
Average DrawdownAverage peak-to-trough decline | -13.54% | -16.09% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.26% | 3.93% | +26.33% |
Volatility
BRO vs. KO - Volatility Comparison
Brown & Brown, Inc. (BRO) has a higher volatility of 8.51% compared to The Coca-Cola Company (KO) at 6.89%. This indicates that BRO's price experiences larger fluctuations and is considered to be riskier than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRO | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.51% | 6.89% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 21.83% | 12.85% | +8.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.43% | 16.80% | +11.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.83% | 16.20% | +8.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 18.25% | +5.46% |
Dividends
BRO vs. KO - Dividend Comparison
BRO's dividend yield for the trailing twelve months is around 1.09%, less than KO's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
KO The Coca-Cola Company | 2.57% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
Financials
BRO vs. KO - Financials Comparison
This section allows you to compare key financial metrics between Brown & Brown, Inc. and The Coca-Cola 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. KO - 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%.
KO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported a gross profit of 7.85B and revenue of 12.47B. Therefore, the gross margin over that period was 63.0%.
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%.
KO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported an operating income of 4.36B and revenue of 12.47B, resulting in an operating margin of 35.0%.
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%.
KO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported a net income of 3.92B and revenue of 12.47B, resulting in a net margin of 31.5%.
Frequently Asked Questions
BRO and KO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRO has higher volatility (8.51%) compared to KO (6.89%). In terms of maximum drawdown, BRO dropped -55.85% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (1.03 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.
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