BRO vs. TMUS

Last updated Jun 9, 2026

BRO (Brown & Brown, Inc.) and TMUS (T-Mobile US, Inc.) are both stocks. BRO operates in Insurance Brokers (Financial Services), while TMUS operates in Telecom Services (Communication Services). Over the past 10 years, BRO returned 13.27%/yr vs 16.10%/yr for TMUS. At a 0.34 correlation, their price movements are largely independent.

Performance

BRO vs. TMUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown & Brown, Inc. (BRO) and T-Mobile US, Inc. (TMUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRO achieves a -26.85% return, which is significantly lower than TMUS's -11.22% return. Over the past 10 years, BRO has underperformed TMUS with an annualized return of 13.27%, while TMUS has yielded a comparatively higher 16.10% 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%

TMUS

• 1D: 0.19%
• 1M: -7.35%
• YTD: -11.22%
• 6M: -11.83%
• 1Y: -26.06%
• 3Y*: 12.41%
• 5Y*: 4.85%
• 10Y*: 16.10%

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

BRO vs. TMUS - 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%
TMUS T-Mobile US, Inc.	-11.22%	-6.58%	39.70%	15.02%	20.71%	-13.99%	71.96%	23.28%	0.16%	10.43%

Correlation

The correlation between BRO and TMUS 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	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Apr 20, 2007	0.34

The correlation between BRO and TMUS shifts across timeframes, from 0.21 (1 year) to 0.34 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS BRO : $4.76 TMUS : $9.41
PE Ratio BRO : 12.18 TMUS : 18.96
PEG Ratio BRO : 0.89 TMUS : 0.29
PS Ratio BRO : 2.18 TMUS : 2.21
Total Revenue (TTM) BRO : $6.43B TMUS : $90.53B
Gross Profit (TTM) BRO : $3.82B TMUS : $34.92B
EBITDA (TTM) BRO : $1.51B TMUS : $28.22B

Return for Risk

BRO vs. TMUS — Risk / Return Rank

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

BRO

BRO Risk / Return Rank: 2
BRO Sharpe Ratio Rank: 0
BRO Sortino Ratio Rank: 1
BRO Omega Ratio Rank: 1
BRO Calmar Ratio Rank: 5
BRO Martin Ratio Rank: 4

TMUS

TMUS Risk / Return Rank: 6
TMUS Sharpe Ratio Rank: 4
TMUS Sortino Ratio Rank: 6
TMUS Omega Ratio Rank: 8
TMUS Calmar Ratio Rank: 8
TMUS Martin Ratio Rank: 6

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. TMUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown & Brown, Inc. (BRO) and T-Mobile US, Inc. (TMUS). 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	TMUS	Difference
Sharpe ratio: Return per unit of total volatility	-1.66	-1.05	-0.61
Sortino ratio: Return per unit of downside risk	-2.48	-1.49	-0.99
Omega ratio: Gain probability vs. loss probability	0.69	0.83	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.93	-0.86	-0.07
Martin ratio: Return relative to average drawdown	-1.59	-1.49	-0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRO vs. TMUS - Sharpe Ratio Comparison

The current BRO Sharpe Ratio is -1.66, which is lower than the TMUS Sharpe Ratio of -1.05. The chart below compares the historical Sharpe Ratios of BRO and TMUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BRO	TMUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.66	-1.05	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.20	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.62	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.20	+0.30

Drawdowns

BRO vs. TMUS - Drawdown Comparison

The maximum BRO drawdown since its inception was -55.85%, smaller than the maximum TMUS drawdown of -86.29%. Use the drawdown chart below to compare losses from any high point for BRO and TMUS.

Drawdown Indicators

	BRO	TMUS	Difference
Max Drawdown Largest peak-to-trough decline	-55.85%	-86.29%	+30.44%
Max Drawdown (1Y) Largest decline over 1 year	-50.55%	-30.37%	-20.18%
Max Drawdown (3Y) Largest decline over 3 years	-55.85%	-33.65%	-22.20%
Max Drawdown (5Y) Largest decline over 5 years	-55.85%	-33.65%	-22.20%
Max Drawdown (10Y) Largest decline over 10 years	-55.85%	-33.65%	-22.20%
Current Drawdown Current decline from peak	-52.91%	-33.12%	-19.79%
Average Drawdown Average peak-to-trough decline	-13.52%	-25.96%	+12.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.57%	17.64%	+11.93%

Volatility

BRO vs. TMUS - Volatility Comparison

Brown & Brown, Inc. (BRO) has a higher volatility of 9.52% compared to T-Mobile US, Inc. (TMUS) at 6.91%. This indicates that BRO's price experiences larger fluctuations and is considered to be riskier than TMUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRO	TMUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.52%	6.91%	+2.61%
Volatility (6M) Calculated over the trailing 6-month period	21.90%	19.14%	+2.76%
Volatility (1Y) Calculated over the trailing 1-year period	28.53%	25.04%	+3.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.81%	23.86%	+0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.69%	26.08%	-2.39%

Dividends

BRO vs. TMUS - Dividend Comparison

BRO's dividend yield for the trailing twelve months is around 1.11%, less than TMUS's 2.21% 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%
TMUS T-Mobile US, Inc.	2.21%	1.80%	1.28%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

BRO vs. TMUS - Profitability Comparison

The chart below illustrates the profitability comparison between Brown & Brown, Inc. and T-Mobile US, 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%.

TMUS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, T-Mobile US, Inc. reported a gross profit of 0.00 and revenue of 23.11B. Therefore, the gross margin over that period was 0.0%.

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%.

TMUS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, T-Mobile US, Inc. reported an operating income of 4.50B and revenue of 23.11B, resulting in an operating margin of 19.5%.

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%.

TMUS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, T-Mobile US, Inc. reported a net income of 2.50B and revenue of 23.11B, resulting in a net margin of 10.8%.

Frequently Asked Questions

Can I hold both BRO and TMUS in my portfolio?

BRO and TMUS 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.

Which is riskier, BRO or TMUS?

BRO has higher volatility (9.52%) compared to TMUS (6.91%). In terms of maximum drawdown, BRO dropped -55.85% vs TMUS's -86.29%.

Which has better risk-adjusted returns?

TMUS currently has the higher Sharpe Ratio (-1.05 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.