BRO vs. MRSH
BRO (Brown & Brown, Inc.) and MRSH (Marsh & McLennan Companies, Inc) are both stocks. Both operate in the Insurance Brokers industry within the Financial Services sector. Over the past 10 years, BRO returned 13.77%/yr vs 11.56%/yr for MRSH. At a 0.44 correlation, their price movements are largely independent.
Performance
BRO vs. MRSH - 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 MRSH's -9.50% return. Over the past 10 years, BRO has outperformed MRSH with an annualized return of 13.77%, while MRSH has yielded a comparatively lower 11.56% 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%
MRSH
- 1D
- -1.48%
- 1M
- 3.19%
- YTD
- -9.50%
- 6M
- -10.36%
- 1Y
- -22.08%
- 3Y*
- -1.27%
- 5Y*
- 5.12%
- 10Y*
- 11.56%
BRO vs. MRSH - 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% |
MRSH Marsh & McLennan Companies, Inc | -9.50% | -11.26% | 13.75% | 16.15% | -3.45% | 50.83% | 6.86% | 42.33% | -0.14% | 22.73% |
Correlation
The correlation between BRO and MRSH is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 1992 | 0.44 |
Over the past year, BRO and MRSH have become more correlated (0.72) than their long-term average of 0.44, meaning their price movements have been converging.
Fundamentals
BRO:
$4.76
MRSH:
$7.99
BRO:
12.44
MRSH:
20.80
BRO:
0.91
MRSH:
2.43
BRO:
2.22
MRSH:
2.97
BRO:
$6.43B
MRSH:
$27.52B
BRO:
$3.82B
MRSH:
$11.66B
BRO:
$1.51B
MRSH:
$6.68B
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Return for Risk
BRO vs. MRSH — Risk / Return Rank
BRO
MRSH
BRO vs. MRSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown & Brown, Inc. (BRO) and Marsh & McLennan Companies, Inc (MRSH). 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 | MRSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 0.71 | 0.84 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.82 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.45 | -1.42 | -0.03 |
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Drawdowns
BRO vs. MRSH - Drawdown Comparison
The maximum BRO drawdown since its inception was -55.85%, smaller than the maximum MRSH drawdown of -67.46%. Use the drawdown chart below to compare losses from any high point for BRO and MRSH.
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Drawdown Indicators
| BRO | MRSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.85% | -67.46% | +11.61% |
Max Drawdown (1Y)Largest decline over 1 year | -50.55% | -27.01% | -23.54% |
Max Drawdown (3Y)Largest decline over 3 years | -55.85% | -34.36% | -21.49% |
Max Drawdown (5Y)Largest decline over 5 years | -55.85% | -34.36% | -21.49% |
Max Drawdown (10Y)Largest decline over 10 years | -55.85% | -35.80% | -20.05% |
Current DrawdownCurrent decline from peak | -51.87% | -30.66% | -21.21% |
Average DrawdownAverage peak-to-trough decline | -13.54% | -17.41% | +3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.26% | 15.56% | +14.70% |
Volatility
BRO vs. MRSH - Volatility Comparison
Brown & Brown, Inc. (BRO) has a higher volatility of 8.51% compared to Marsh & McLennan Companies, Inc (MRSH) at 7.13%. This indicates that BRO's price experiences larger fluctuations and is considered to be riskier than MRSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRO | MRSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.51% | 7.13% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 21.83% | 19.09% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.43% | 23.52% | +4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.83% | 20.21% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 20.95% | +2.76% |
Dividends
BRO vs. MRSH - Dividend Comparison
BRO's dividend yield for the trailing twelve months is around 1.09%, less than MRSH's 2.17% 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% |
MRSH Marsh & McLennan Companies, Inc | 2.17% | 1.85% | 1.44% | 1.37% | 1.36% | 1.15% | 1.57% | 1.56% | 1.98% | 1.76% | 1.92% | 2.13% |
Financials
BRO vs. MRSH - Financials Comparison
This section allows you to compare key financial metrics between Brown & Brown, Inc. and Marsh & McLennan Companies, 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. MRSH - 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%.
MRSH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Marsh & McLennan Companies, Inc reported a gross profit of 3.47B and revenue of 7.60B. Therefore, the gross margin over that period was 45.6%.
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%.
MRSH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Marsh & McLennan Companies, Inc reported an operating income of 1.75B and revenue of 7.60B, resulting in an operating margin of 23.1%.
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%.
MRSH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Marsh & McLennan Companies, Inc reported a net income of 1.15B and revenue of 7.60B, resulting in a net margin of 15.1%.
Frequently Asked Questions
BRO and MRSH have a correlation of 0.72, 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 MRSH (7.13%). In terms of maximum drawdown, BRO dropped -55.85% vs MRSH's -67.46%.
MRSH currently has the higher Sharpe Ratio (-0.94 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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