BRO vs. V

Last updated Jun 9, 2026

BRO (Brown & Brown, Inc.) and V (Visa Inc.) are both stocks. Both are in the Financial Services sector — BRO in Insurance Brokers, V in Credit Services. Over the past 10 years, BRO returned 13.27%/yr vs 15.64%/yr for V. At a 0.47 correlation, their price movements are largely independent.

Performance

BRO vs. V - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown & Brown, Inc. (BRO) and Visa Inc. (V). 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 V's -8.47% return. Over the past 10 years, BRO has underperformed V with an annualized return of 13.27%, while V has yielded a comparatively higher 15.64% 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%

V

• 1D: -1.21%
• 1M: 0.48%
• YTD: -8.47%
• 6M: -1.79%
• 1Y: -12.97%
• 3Y*: 13.52%
• 5Y*: 7.39%
• 10Y*: 15.64%

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

BRO vs. V - 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%
V Visa Inc.	-8.47%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%

Correlation

The correlation between BRO and V is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Mar 20, 2008	0.47

Fundamentals

EPS BRO : $4.76 V : $15.24
PE Ratio BRO : 12.18 V : 20.98
PEG Ratio BRO : 0.89 V : 1.29
PS Ratio BRO : 2.18 V : 10.84
Total Revenue (TTM) BRO : $6.43B V : $43.03B
Gross Profit (TTM) BRO : $3.82B V : $16.94B
EBITDA (TTM) BRO : $1.51B V : $27.63B

Return for Risk

BRO vs. V — 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

V

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

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. V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown & Brown, Inc. (BRO) and Visa Inc. (V). 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	V	Difference
Sharpe ratio: Return per unit of total volatility	-1.66	-0.58	-1.07
Sortino ratio: Return per unit of downside risk	-2.48	-0.72	-1.76
Omega ratio: Gain probability vs. loss probability	0.69	0.91	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.93	-0.64	-0.29
Martin ratio: Return relative to average drawdown	-1.59	-1.18	-0.42
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. V - Sharpe Ratio Comparison

The current BRO Sharpe Ratio is -1.66, which is lower than the V Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of BRO and V, 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	V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.66	-0.58	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.33	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.64	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.69	-0.18

Drawdowns

BRO vs. V - Drawdown Comparison

The maximum BRO drawdown since its inception was -55.85%, which is greater than V's maximum drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for BRO and V.

Drawdown Indicators

	BRO	V	Difference
Max Drawdown Largest peak-to-trough decline	-55.85%	-51.90%	-3.95%
Max Drawdown (1Y) Largest decline over 1 year	-50.55%	-20.38%	-30.17%
Max Drawdown (3Y) Largest decline over 3 years	-55.85%	-20.38%	-35.47%
Max Drawdown (5Y) Largest decline over 5 years	-55.85%	-28.60%	-27.25%
Max Drawdown (10Y) Largest decline over 10 years	-55.85%	-36.36%	-19.49%
Current Drawdown Current decline from peak	-52.91%	-13.69%	-39.22%
Average Drawdown Average peak-to-trough decline	-13.52%	-8.26%	-5.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.57%	11.03%	+18.54%

Volatility

BRO vs. V - Volatility Comparison

Brown & Brown, Inc. (BRO) has a higher volatility of 9.52% compared to Visa Inc. (V) at 5.74%. This indicates that BRO's price experiences larger fluctuations and is considered to be riskier than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRO	V	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.52%	5.74%	+3.78%
Volatility (6M) Calculated over the trailing 6-month period	21.90%	17.50%	+4.40%
Volatility (1Y) Calculated over the trailing 1-year period	28.53%	22.32%	+6.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.81%	22.80%	+2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.69%	24.47%	-0.78%

Dividends

BRO vs. V - Dividend Comparison

BRO's dividend yield for the trailing twelve months is around 1.11%, more than V's 0.81% 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%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Financials

BRO vs. V - Profitability Comparison

The chart below illustrates the profitability comparison between Brown & Brown, Inc. and Visa 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%.

V - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Visa Inc. reported a gross profit of -8.90B and revenue of 11.23B. Therefore, the gross margin over that period was -79.3%.

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%.

V - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Visa Inc. reported an operating income of 7.23B and revenue of 11.23B, resulting in an operating margin of 64.4%.

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%.

V - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Visa Inc. reported a net income of 6.02B and revenue of 11.23B, resulting in a net margin of 53.6%.

Frequently Asked Questions

Can I hold both BRO and V in my portfolio?

BRO and V have a correlation of 0.41, 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 V?

BRO has higher volatility (9.52%) compared to V (5.74%). In terms of maximum drawdown, BRO dropped -55.85% vs V's -51.90%.

Which has better risk-adjusted returns?

V currently has the higher Sharpe Ratio (-0.58 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.