MKL vs. WTM
MKL (Markel Group Inc.) and WTM (White Mountains Insurance Group, Ltd.) are both stocks. Both operate in the Insurance - Property & Casualty industry within the Financial Services sector. Over the past 10 years, MKL returned 7.64%/yr vs 10.25%/yr for WTM. At a 0.29 correlation, their price movements are largely independent.
Performance
MKL vs. WTM - Performance Comparison
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Returns By Period
In the year-to-date period, MKL achieves a -9.30% return, which is significantly lower than WTM's 5.01% return. Over the past 10 years, MKL has underperformed WTM with an annualized return of 7.64%, while WTM has yielded a comparatively higher 10.25% annualized return.
MKL
- 1D
- 0.02%
- 1M
- 5.62%
- 6M
- -8.58%
- YTD
- -9.30%
- 1Y
- -1.39%
- 3Y*
- 11.93%
- 5Y*
- 9.50%
- 10Y*
- 7.64%
WTM
- 1D
- -0.18%
- 1M
- 7.76%
- 6M
- 6.53%
- YTD
- 5.01%
- 1Y
- 21.12%
- 3Y*
- 15.00%
- 5Y*
- 14.07%
- 10Y*
- 10.25%
MKL vs. WTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MKL Markel Group Inc. | -9.30% | 24.53% | 21.57% | 7.77% | 6.77% | 19.42% | -9.61% | 10.13% | -8.87% | 25.94% |
WTM White Mountains Insurance Group, Ltd. | 5.01% | 6.89% | 29.31% | 6.49% | 39.63% | 1.41% | -10.19% | 30.20% | 0.88% | 1.93% |
Correlation
The correlation between MKL and WTM is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1990 | 0.29 |
Over the past year, MKL and WTM have become more correlated (0.54) than their long-term average of 0.29, meaning their price movements have been converging.
Fundamentals
MKL:
$24.40B
WTM:
$5.40B
MKL:
$201.50
WTM:
$615.42
MKL:
9.68
WTM:
3.54
MKL:
0.17
WTM:
0.04
MKL:
0.96
WTM:
1.48
MKL:
$16.57B
WTM:
$2.50B
MKL:
$7.80B
WTM:
$1.21B
MKL:
$2.55B
WTM:
$1.17B
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Return for Risk
MKL vs. WTM — Risk / Return Rank
MKL
WTM
MKL vs. WTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Markel Group Inc. (MKL) and White Mountains Insurance Group, Ltd. (WTM). 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.
| MKL | WTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.19 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 1.52 | -1.63 |
| Martin ratioReturn relative to average drawdown | -0.24 | 4.11 | -4.36 |
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Drawdowns
MKL vs. WTM - Drawdown Comparison
The maximum MKL drawdown since its inception was -61.32%, smaller than the maximum WTM drawdown of -77.47%. Use the drawdown chart below to compare losses from any high point for MKL and WTM.
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Drawdown Indicators
| MKL | WTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.32% | -77.47% | +16.15% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -14.22% | -5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -20.10% | -18.05% | -2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -28.87% | -18.05% | -10.82% |
Max Drawdown (10Y)Largest decline over 10 years | -44.66% | -40.16% | -4.50% |
Current DrawdownCurrent decline from peak | -11.05% | -5.96% | -5.09% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -14.15% | +2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.12% | 5.23% | +3.89% |
Volatility
MKL vs. WTM - Volatility Comparison
The current volatility for Markel Group Inc. (MKL) is 5.54%, while White Mountains Insurance Group, Ltd. (WTM) has a volatility of 7.08%. This indicates that MKL experiences smaller price fluctuations and is considered to be less risky than WTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MKL | WTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 7.08% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 13.93% | 15.04% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.22% | 24.17% | -4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.35% | 23.53% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.29% | 23.37% | +1.92% |
Dividends
MKL vs. WTM - Dividend Comparison
MKL has not paid dividends to shareholders, while WTM's dividend yield for the trailing twelve months is around 0.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MKL Markel Group Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTM White Mountains Insurance Group, Ltd. | 0.05% | 0.05% | 0.05% | 0.07% | 0.07% | 0.10% | 0.10% | 0.09% | 0.12% | 0.12% | 0.12% | 0.14% |
Financials
MKL vs. WTM - Financials Comparison
This section allows you to compare key financial metrics between Markel Group Inc. and White Mountains Insurance Group, 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
MKL vs. WTM - Profitability Comparison
MKL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Markel Group Inc. reported a gross profit of 0.00 and revenue of 3.55B. Therefore, the gross margin over that period was 0.0%.
WTM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, White Mountains Insurance Group, Ltd. reported a gross profit of -42.70M and revenue of 372.40M. Therefore, the gross margin over that period was -11.5%.
MKL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Markel Group Inc. reported an operating income of -273.33M and revenue of 3.55B, resulting in an operating margin of -7.7%.
WTM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, White Mountains Insurance Group, Ltd. reported an operating income of -148.10M and revenue of 372.40M, resulting in an operating margin of -39.8%.
MKL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Markel Group Inc. reported a net income of -335.52M and revenue of 3.55B, resulting in a net margin of -9.5%.
WTM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, White Mountains Insurance Group, Ltd. reported a net income of -27.20M and revenue of 372.40M, resulting in a net margin of -7.3%.
Frequently Asked Questions
MKL and WTM have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTM has higher volatility (7.08%) compared to MKL (5.54%). In terms of maximum drawdown, MKL dropped -61.32% vs WTM's -77.47%.
WTM currently has the higher Sharpe Ratio (0.89 vs -0.12), 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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