LILA vs. AON

Last updated Jun 4, 2026

LILA (Liberty Latin America Ltd.) and AON (Aon plc) are both stocks. LILA operates in Telecom Services (Communication Services), while AON operates in Insurance Brokers (Financial Services). Over the past 10 years, LILA returned -13.12%/yr vs 12.29%/yr for AON. At a 0.22 correlation, their price movements are largely independent.

Performance

LILA vs. AON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Liberty Latin America Ltd. (LILA) and Aon plc (AON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LILA achieves a 15.81% return, which is significantly higher than AON's -10.14% return. Over the past 10 years, LILA has underperformed AON with an annualized return of -13.12%, while AON has yielded a comparatively higher 12.29% annualized return.

LILA

• 1D: -1.89%
• 1M: 8.47%
• YTD: 15.81%
• 6M: -1.41%
• 1Y: 69.13%
• 3Y*: 3.54%
• 5Y*: -9.95%
• 10Y*: -13.12%

AON

• 1D: -0.71%
• 1M: 0.22%
• YTD: -10.14%
• 6M: -7.94%
• 1Y: -14.96%
• 3Y*: 1.04%
• 5Y*: 5.52%
• 10Y*: 12.29%

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

LILA vs. AON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LILA Liberty Latin America Ltd.	15.81%	16.19%	-13.00%	-2.92%	-35.42%	4.76%	-38.81%	33.29%	-28.14%	-8.24%
AON Aon plc	-10.14%	-0.94%	24.45%	-2.31%	0.61%	43.39%	2.37%	44.68%	9.94%	21.49%

Correlation

The correlation between LILA and AON 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	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jul 6, 2015	0.22

The correlation between LILA and AON shifts across timeframes, from 0.06 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Fundamentals

EPS LILA : -$3.32 AON : $18.21
PS Ratio LILA : 0.26 AON : 3.91
Total Revenue (TTM) LILA : $4.44B AON : $17.49B
Gross Profit (TTM) LILA : $2.25B AON : $9.77B
EBITDA (TTM) LILA : $650.40M AON : $6.55B

Return for Risk

LILA vs. AON — Risk / Return Rank

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

LILA

LILA Risk / Return Rank: 82
LILA Sharpe Ratio Rank: 85
LILA Sortino Ratio Rank: 83
LILA Omega Ratio Rank: 78
LILA Calmar Ratio Rank: 82
LILA Martin Ratio Rank: 83

AON

AON Risk / Return Rank: 11
AON Sharpe Ratio Rank: 14
AON Sortino Ratio Rank: 15
AON Omega Ratio Rank: 15
AON Calmar Ratio Rank: 7
AON Martin Ratio Rank: 3

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.

LILA vs. AON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Liberty Latin America Ltd. (LILA) and Aon plc (AON). 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.

	LILA	AON	Difference
Sharpe ratio Return per unit of total volatility	1.79	-0.63	+2.42
Sortino ratio Return per unit of downside risk	2.51	-0.74	+3.24
Omega ratio Gain probability vs. loss probability	1.29	0.90	+0.38
Calmar ratio Return relative to maximum drawdown	3.04	-0.87	+3.90
Martin ratio Return relative to average drawdown	8.01	-1.62	+9.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LILA vs. AON - Sharpe Ratio Comparison

The current LILA Sharpe Ratio is 1.79, which is higher than the AON Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of LILA and AON, 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

	LILA	AON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	-0.63	+2.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.23	0.24	-0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.29	0.53	-0.81
Sharpe Ratio (All Time) Calculated using the full available price history	-0.32	0.42	-0.74

Drawdowns

LILA vs. AON - Drawdown Comparison

The maximum LILA drawdown since its inception was -90.45%, which is greater than AON's maximum drawdown of -69.05%. Use the drawdown chart below to compare losses from any high point for LILA and AON.

Drawdown Indicators

	LILA	AON	Difference
Max Drawdown Largest peak-to-trough decline	-90.45%	-69.05%	-21.40%
Max Drawdown (1Y) Largest decline over 1 year	-22.89%	-17.28%	-5.61%
Max Drawdown (3Y) Largest decline over 3 years	-57.06%	-23.84%	-33.22%
Max Drawdown (5Y) Largest decline over 5 years	-69.01%	-25.38%	-43.63%
Max Drawdown (10Y) Largest decline over 10 years	-87.27%	-38.73%	-48.54%
Current Drawdown Current decline from peak	-81.84%	-22.03%	-59.81%
Average Drawdown Average peak-to-trough decline	-68.01%	-13.67%	-54.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.66%	9.29%	-0.63%

Volatility

LILA vs. AON - Volatility Comparison

Liberty Latin America Ltd. (LILA) has a higher volatility of 17.06% compared to Aon plc (AON) at 5.77%. This indicates that LILA's price experiences larger fluctuations and is considered to be riskier than AON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LILA	AON	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.06%	5.77%	+11.29%
Volatility (6M) Calculated over the trailing 6-month period	27.56%	19.33%	+8.23%
Volatility (1Y) Calculated over the trailing 1-year period	38.98%	23.72%	+15.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.26%	23.08%	+21.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.64%	23.43%	+22.21%

Dividends

LILA vs. AON - Dividend Comparison

LILA has not paid dividends to shareholders, while AON's dividend yield for the trailing twelve months is around 0.97%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AON Aon plc	0.97%	0.82%	0.74%	0.83%	0.73%	0.66%	0.84%	0.83%	1.35%	1.05%	1.16%	1.25%
LILA Liberty Latin America Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

LILA vs. AON - Profitability Comparison

The chart below illustrates the profitability comparison between Liberty Latin America Ltd. and Aon plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LILA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Liberty Latin America Ltd. reported a gross profit of 0.00 and revenue of 1.08B. Therefore, the gross margin over that period was 0.0%.

AON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aon plc reported a gross profit of 2.64B and revenue of 5.03B. Therefore, the gross margin over that period was 52.5%.

LILA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Liberty Latin America Ltd. reported an operating income of 145.20M and revenue of 1.08B, resulting in an operating margin of 13.4%.

AON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aon plc reported an operating income of 1.72B and revenue of 5.03B, resulting in an operating margin of 34.1%.

LILA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Liberty Latin America Ltd. reported a net income of -22.70M and revenue of 1.08B, resulting in a net margin of -2.1%.

AON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aon plc reported a net income of 1.21B and revenue of 5.03B, resulting in a net margin of 24.1%.

Frequently Asked Questions

Can I hold both LILA and AON in my portfolio?

LILA and AON 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.

Which is riskier, LILA or AON?

LILA has higher volatility (17.06%) compared to AON (5.77%). In terms of maximum drawdown, LILA dropped -90.45% vs AON's -69.05%.

Which has better risk-adjusted returns?

LILA currently has the higher Sharpe Ratio (1.79 vs -0.63), 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.