MFIC vs. BRO
MFIC (MidCap Financial Investment Corporation) and BRO (Brown & Brown, Inc.) are both stocks. Both are in the Financial Services sector — MFIC in Asset Management, BRO in Insurance Brokers. Over the past 10 years, MFIC returned 6.24%/yr vs 15.46%/yr for BRO. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
MFIC vs. BRO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MFIC having a -11.23% return and BRO slightly higher at -11.21%. Over the past 10 years, MFIC has underperformed BRO with an annualized return of 6.24%, while BRO has yielded a comparatively higher 15.46% annualized return.
MFIC
- 1D
- -1.04%
- 1M
- -4.21%
- 6M
- -9.25%
- YTD
- -11.23%
- 1Y
- -12.55%
- 3Y*
- 0.10%
- 5Y*
- 4.75%
- 10Y*
- 6.24%
- ALL TIME*
- 5.10%
BRO
- 1D
- -0.66%
- 1M
- 0.57%
- 6M
- -1.85%
- YTD
- -11.21%
- 1Y
- -23.00%
- 3Y*
- 0.90%
- 5Y*
- 6.03%
- 10Y*
- 15.46%
- ALL TIME*
- 14.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $233.14M | $199.03M | $196.80M | |
| $3.98M | $4.18M | $5.98M |
MFIC vs. BRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFIC MidCap Financial Investment Corporation | -11.23% | -4.34% | 11.25% | 35.48% | 0.19% | 33.67% | -28.54% | 56.97% | -18.11% | 6.51% |
BRO Brown & Brown, Inc. | -11.21% | -21.37% | 44.32% | 25.73% | -18.39% | 49.31% | 21.06% | 44.67% | 8.30% | 16.15% |
Correlation
The correlation between MFIC and BRO is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 5, 2004 | 0.37 |
Over the past year, the correlation between MFIC and BRO has dropped to 0.11 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
Fundamentals
MFIC:
$787.48M
BRO:
$23.56B
MFIC:
$0.53
BRO:
$4.77
MFIC:
18.00
BRO:
14.75
MFIC:
0.49
BRO:
1.08
MFIC:
3.25
BRO:
2.59
MFIC:
$181.67M
BRO:
$6.85B
MFIC:
$197.06M
BRO:
$4.04B
MFIC:
$159.92M
BRO:
$1.73B
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Return for Risk
MFIC vs. BRO — Risk / Return Rank
MFIC
BRO
MFIC vs. BRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MidCap Financial Investment Corporation (MFIC) and Brown & Brown, Inc. (BRO). 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.
| MFIC | BRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.89 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.51 | -0.12 |
| Martin ratioReturn relative to average drawdown | -1.39 | -0.89 | -0.50 |
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Drawdowns
MFIC vs. BRO - Drawdown Comparison
The maximum MFIC drawdown since its inception was -87.97%, which is greater than BRO's maximum drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for MFIC and BRO.
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Drawdown Indicators
| MFIC | BRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.97% | -55.85% | -32.12% |
Max Drawdown (1Y)Largest decline over 1 year | -22.66% | -43.50% | +20.84% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -55.85% | +28.88% |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | -55.85% | +28.88% |
Max Drawdown (10Y)Largest decline over 10 years | -67.77% | -55.85% | -11.92% |
Current DrawdownCurrent decline from peak | -22.42% | -42.84% | +20.42% |
Average DrawdownAverage peak-to-trough decline | -17.54% | -13.66% | -3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.30% | 25.07% | -14.77% |
Volatility
MFIC vs. BRO - Volatility Comparison
The current volatility for MidCap Financial Investment Corporation (MFIC) is 6.14%, while Brown & Brown, Inc. (BRO) has a volatility of 12.37%. This indicates that MFIC experiences smaller price fluctuations and is considered to be less risky than BRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFIC | BRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 12.37% | -6.23% |
Volatility (6M)Calculated over the trailing 6-month period | 20.31% | 24.60% | -4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.41% | 30.08% | -5.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.87% | 25.61% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.03% | 24.03% | +6.00% |
Dividends
MFIC vs. BRO - Dividend Comparison
MFIC's dividend yield for the trailing twelve months is around 14.44%, more than BRO's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRO Brown & Brown, Inc. | 0.92% | 0.77% | 0.53% | 0.67% | 0.74% | 0.54% | 0.73% | 0.82% | 1.11% | 1.08% | 1.12% | 1.41% |
MFIC MidCap Financial Investment Corporation | 14.44% | 13.29% | 12.75% | 11.11% | 12.37% | 11.26% | 15.25% | 10.31% | 14.52% | 10.60% | 11.95% | 15.33% |
Financials
MFIC vs. BRO - Financials Comparison
This section allows you to compare key financial metrics between MidCap Financial Investment Corporation and Brown & Brown, Inc.. 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
MFIC vs. BRO - Profitability Comparison
MFIC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, MidCap Financial Investment Corporation reported a gross profit of 0.00 and revenue of 71.80K. Therefore, the gross margin over that period was 0.0%.
BRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Brown & Brown, Inc. reported a gross profit of 838.00M and revenue of 1.68B. Therefore, the gross margin over that period was 50.0%.
MFIC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, MidCap Financial Investment Corporation reported an operating income of 0.00 and revenue of 71.80K, resulting in an operating margin of 0.0%.
BRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Brown & Brown, Inc. reported an operating income of 0.00 and revenue of 1.68B, resulting in an operating margin of 0.0%.
MFIC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, MidCap Financial Investment Corporation reported a net income of 0.00 and revenue of 71.80K, resulting in a net margin of 0.0%.
BRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Brown & Brown, Inc. reported a net income of 288.00M and revenue of 1.68B, resulting in a net margin of 17.2%.
Frequently Asked Questions
MFIC and BRO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRO has higher volatility (12.37%) compared to MFIC (6.14%). In terms of maximum drawdown, MFIC dropped -87.97% vs BRO's -55.85%.
MFIC currently has the higher Sharpe Ratio (-0.59 vs -0.74), 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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