L vs. BAM
L (Loews Corporation) and BAM (Brookfield Asset Management Ltd.) are both stocks. Both are in the Financial Services sector — L in Insurance - Property & Casualty, BAM in Asset Management. Over the past 3 years, L returned 22.56%/yr vs 16.64%/yr for BAM. At a 0.31 correlation, their price movements are largely independent.
Performance
L vs. BAM - Performance Comparison
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Returns By Period
In the year-to-date period, L achieves a 2.79% return, which is significantly higher than BAM's -8.16% return.
L
- 1D
- 0.70%
- 1M
- 2.83%
- YTD
- 2.79%
- 6M
- 3.77%
- 1Y
- 22.24%
- 3Y*
- 22.56%
- 5Y*
- 14.36%
- 10Y*
- 11.24%
BAM
- 1D
- 1.09%
- 1M
- -3.65%
- YTD
- -8.16%
- 6M
- -10.55%
- 1Y
- -10.49%
- 3Y*
- 16.64%
- 5Y*
- —
- 10Y*
- —
L vs. BAM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
L Loews Corporation | 2.79% | 24.68% | 22.09% | 19.78% | 3.28% |
BAM Brookfield Asset Management Ltd. | -8.16% | -0.24% | 39.70% | 45.61% | -10.80% |
Correlation
The correlation between L and BAM is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.31 |
The correlation between L and BAM shifts across timeframes, from 0.17 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
Fundamentals
L:
$22.30B
BAM:
$76.32B
L:
$8.96
BAM:
$1.55
L:
12.06
BAM:
30.39
L:
0.71
BAM:
0.05
L:
1.23
BAM:
15.08
L:
1.19
BAM:
6.79
L:
$18.29B
BAM:
$5.08B
L:
$8.42B
BAM:
$3.26B
L:
$2.64B
BAM:
$2.35B
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Return for Risk
L vs. BAM — Risk / Return Rank
L
BAM
L vs. BAM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loews Corporation (L) and Brookfield Asset Management Ltd. (BAM). 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.
| L | BAM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.95 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | -0.43 | +3.13 |
| Martin ratioReturn relative to average drawdown | 6.93 | -0.77 | +7.70 |
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Drawdowns
L vs. BAM - Drawdown Comparison
The maximum L drawdown since its inception was -65.58%, which is greater than BAM's maximum drawdown of -30.37%. Use the drawdown chart below to compare losses from any high point for L and BAM.
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Drawdown Indicators
| L | BAM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -30.37% | -35.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -30.37% | +22.38% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -30.37% | +18.21% |
Max Drawdown (5Y)Largest decline over 5 years | -26.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.53% | — | — |
Current DrawdownCurrent decline from peak | -3.93% | -22.66% | +18.73% |
Average DrawdownAverage peak-to-trough decline | -16.74% | -8.86% | -7.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 16.80% | -13.69% |
Volatility
L vs. BAM - Volatility Comparison
The current volatility for Loews Corporation (L) is 5.39%, while Brookfield Asset Management Ltd. (BAM) has a volatility of 10.83%. This indicates that L experiences smaller price fluctuations and is considered to be less risky than BAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| L | BAM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 10.83% | -5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 22.75% | -10.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | 29.82% | -13.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.63% | 30.18% | -10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.65% | 30.18% | -4.53% |
Dividends
L vs. BAM - Dividend Comparison
L's dividend yield for the trailing twelve months is around 0.23%, less than BAM's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAM Brookfield Asset Management Ltd. | 3.99% | 3.34% | 2.80% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
L Loews Corporation | 0.23% | 0.24% | 0.30% | 0.36% | 0.43% | 0.43% | 0.56% | 0.48% | 0.55% | 1.58% | 0.53% | 0.65% |
Financials
L vs. BAM - Financials Comparison
This section allows you to compare key financial metrics between Loews Corporation and Brookfield Asset Management Ltd.. 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
L vs. BAM - Profitability Comparison
L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Loews Corporation reported a gross profit of 2.38B and revenue of 4.56B. Therefore, the gross margin over that period was 52.3%.
BAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Asset Management Ltd. reported a gross profit of 0.00 and revenue of 1.34B. Therefore, the gross margin over that period was 0.0%.
L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Loews Corporation reported an operating income of 539.00M and revenue of 4.56B, resulting in an operating margin of 11.8%.
BAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Asset Management Ltd. reported an operating income of 0.00 and revenue of 1.34B, resulting in an operating margin of 0.0%.
L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Loews Corporation reported a net income of 572.00M and revenue of 4.56B, resulting in a net margin of 12.6%.
BAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Asset Management Ltd. reported a net income of 617.00M and revenue of 1.34B, resulting in a net margin of 46.1%.
Frequently Asked Questions
L and BAM have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAM has higher volatility (10.83%) compared to L (5.39%). In terms of maximum drawdown, L dropped -65.58% vs BAM's -30.37%.
L currently has the higher Sharpe Ratio (1.35 vs -0.44), 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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