CW vs. AJG
CW (Curtiss-Wright Corporation) and AJG (Arthur J. Gallagher & Co.) are both stocks. CW operates in Specialty Industrial Machinery (Industrials), while AJG operates in Insurance Brokers (Financial Services). Over the past 10 years, CW returned 25.25%/yr vs 18.45%/yr for AJG. At a 0.29 correlation, their price movements are largely independent.
Performance
CW vs. AJG - Performance Comparison
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Returns By Period
In the year-to-date period, CW achieves a 38.43% return, which is significantly higher than AJG's -16.10% return. Over the past 10 years, CW has outperformed AJG with an annualized return of 25.25%, while AJG has yielded a comparatively lower 18.45% annualized return.
CW
- 1D
- 0.64%
- 1M
- 7.03%
- YTD
- 38.43%
- 6M
- 39.42%
- 1Y
- 61.45%
- 3Y*
- 63.27%
- 5Y*
- 43.89%
- 10Y*
- 25.25%
AJG
- 1D
- -1.35%
- 1M
- 8.26%
- YTD
- -16.10%
- 6M
- -15.25%
- 1Y
- -31.10%
- 3Y*
- 1.26%
- 5Y*
- 9.90%
- 10Y*
- 18.45%
CW vs. AJG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CW Curtiss-Wright Corporation | 38.43% | 55.66% | 59.73% | 33.98% | 21.03% | 19.86% | -16.83% | 38.70% | -15.79% | 24.56% |
AJG Arthur J. Gallagher & Co. | -16.10% | -8.03% | 27.34% | 20.51% | 12.44% | 39.02% | 32.12% | 31.79% | 19.19% | 25.04% |
Correlation
The correlation between CW and AJG is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987 | 0.29 |
The correlation between CW and AJG shifts across timeframes, from -0.06 (1 year) to 0.36 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CW:
$13.64
AJG:
$5.74
CW:
55.91
AJG:
37.60
CW:
3.05
AJG:
3.90
CW:
7.92
AJG:
4.03
CW:
$3.61B
AJG:
$13.94B
CW:
$1.34B
AJG:
$7.63B
CW:
$745.31M
AJG:
$3.66B
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Return for Risk
CW vs. AJG — Risk / Return Rank
CW
AJG
CW vs. AJG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Curtiss-Wright Corporation (CW) and Arthur J. Gallagher & Co. (AJG). 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.
| CW | AJG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.00 | ||
| Sortino ratioReturn per unit of downside risk | +3.93 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.81 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 4.76 | -0.77 | +5.53 |
| Martin ratioReturn relative to average drawdown | 13.83 | -1.30 | +15.13 |
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Drawdowns
CW vs. AJG - Drawdown Comparison
The maximum CW drawdown since its inception was -59.19%, roughly equal to the maximum AJG drawdown of -57.49%. Use the drawdown chart below to compare losses from any high point for CW and AJG.
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Drawdown Indicators
| CW | AJG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.19% | -57.49% | -1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -12.97% | -40.64% | +27.67% |
Max Drawdown (3Y)Largest decline over 3 years | -27.21% | -44.40% | +17.19% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -44.40% | +17.19% |
Max Drawdown (10Y)Largest decline over 10 years | -48.73% | -44.40% | -4.33% |
Current DrawdownCurrent decline from peak | 0.00% | -37.32% | +37.32% |
Average DrawdownAverage peak-to-trough decline | -13.89% | -12.84% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 23.96% | -19.50% |
Volatility
CW vs. AJG - Volatility Comparison
Curtiss-Wright Corporation (CW) has a higher volatility of 10.42% compared to Arthur J. Gallagher & Co. (AJG) at 8.23%. This indicates that CW's price experiences larger fluctuations and is considered to be riskier than AJG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CW | AJG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.42% | 8.23% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 25.90% | 22.31% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.02% | 27.80% | +5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.89% | 23.00% | +4.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.32% | 23.09% | +7.23% |
Dividends
CW vs. AJG - Dividend Comparison
CW's dividend yield for the trailing twelve months is around 0.16%, less than AJG's 1.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | 1.25% | 1.00% | 0.85% | 0.98% | 1.08% | 1.13% | 1.46% | 1.81% | 2.23% | 2.47% | 2.93% | 3.62% |
CW Curtiss-Wright Corporation | 0.16% | 0.17% | 0.23% | 0.35% | 0.45% | 0.51% | 0.58% | 0.47% | 0.59% | 0.46% | 0.53% | 0.76% |
Financials
CW vs. AJG - Financials Comparison
This section allows you to compare key financial metrics between Curtiss-Wright Corporation and Arthur J. Gallagher & Co.. 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
CW vs. AJG - Profitability Comparison
CW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Curtiss-Wright Corporation reported a gross profit of 331.48M and revenue of 913.69M. Therefore, the gross margin over that period was 36.3%.
AJG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Arthur J. Gallagher & Co. reported a gross profit of 1.42B and revenue of 3.63B. Therefore, the gross margin over that period was 39.1%.
CW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Curtiss-Wright Corporation reported an operating income of 160.42M and revenue of 913.69M, resulting in an operating margin of 17.6%.
AJG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Arthur J. Gallagher & Co. reported an operating income of 341.00M and revenue of 3.63B, resulting in an operating margin of 9.4%.
CW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Curtiss-Wright Corporation reported a net income of 128.19M and revenue of 913.69M, resulting in a net margin of 14.0%.
AJG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Arthur J. Gallagher & Co. reported a net income of 151.00M and revenue of 3.63B, resulting in a net margin of 4.2%.
Frequently Asked Questions
CW and AJG have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CW has higher volatility (10.42%) compared to AJG (8.23%). In terms of maximum drawdown, CW dropped -59.19% vs AJG's -57.49%.
CW currently has the higher Sharpe Ratio (1.87 vs -1.12), 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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