MRSH vs. BMI
MRSH (Marsh & McLennan Companies, Inc) and BMI (Badger Meter, Inc.) are both stocks. MRSH operates in Insurance Brokers (Financial Services), while BMI operates in Electrical Equipment & Parts (Industrials). Over the past 10 years, MRSH returned 11.56%/yr vs 15.34%/yr for BMI. At a 0.26 correlation, their price movements are largely independent.
Performance
MRSH vs. BMI - Performance Comparison
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Returns By Period
In the year-to-date period, MRSH achieves a -9.50% return, which is significantly higher than BMI's -22.48% return. Over the past 10 years, MRSH has underperformed BMI with an annualized return of 11.56%, while BMI has yielded a comparatively higher 15.34% annualized return.
MRSH
- 1D
- -1.48%
- 1M
- 3.19%
- YTD
- -9.50%
- 6M
- -10.36%
- 1Y
- -22.08%
- 3Y*
- -1.27%
- 5Y*
- 5.12%
- 10Y*
- 11.56%
BMI
- 1D
- 2.03%
- 1M
- 18.05%
- YTD
- -22.48%
- 6M
- -26.34%
- 1Y
- -44.05%
- 3Y*
- -2.73%
- 5Y*
- 7.71%
- 10Y*
- 15.34%
MRSH vs. BMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MRSH Marsh & McLennan Companies, Inc | -9.50% | -11.26% | 13.75% | 16.15% | -3.45% | 50.83% | 6.86% | 42.33% | -0.14% | 22.73% |
BMI Badger Meter, Inc. | -22.48% | -17.15% | 38.28% | 42.58% | 3.23% | 14.11% | 46.37% | 33.46% | 4.09% | 30.91% |
Correlation
The correlation between MRSH and BMI is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1987 | 0.26 |
The correlation between MRSH and BMI shifts across timeframes, from 0.12 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MRSH:
$80.77B
BMI:
$3.95B
MRSH:
$7.99
BMI:
$4.42
MRSH:
20.80
BMI:
30.38
MRSH:
2.43
BMI:
1.27
MRSH:
2.97
BMI:
4.42
MRSH:
5.46
BMI:
4.07
MRSH:
$27.52B
BMI:
$896.73M
MRSH:
$11.66B
BMI:
$370.96M
MRSH:
$6.68B
BMI:
$199.34M
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Return for Risk
MRSH vs. BMI — Risk / Return Rank
MRSH
BMI
MRSH vs. BMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Marsh & McLennan Companies, Inc (MRSH) and Badger Meter, Inc. (BMI). 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.
| MRSH | BMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.80 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.82 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.33 | -0.09 |
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Drawdowns
MRSH vs. BMI - Drawdown Comparison
The maximum MRSH drawdown since its inception was -67.46%, roughly equal to the maximum BMI drawdown of -68.22%. Use the drawdown chart below to compare losses from any high point for MRSH and BMI.
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Drawdown Indicators
| MRSH | BMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.46% | -68.22% | +0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -27.01% | -53.79% | +26.78% |
Max Drawdown (3Y)Largest decline over 3 years | -34.36% | -55.06% | +20.70% |
Max Drawdown (5Y)Largest decline over 5 years | -34.36% | -55.06% | +20.70% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | -55.06% | +19.26% |
Current DrawdownCurrent decline from peak | -30.66% | -46.57% | +15.91% |
Average DrawdownAverage peak-to-trough decline | -17.41% | -19.03% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.56% | 33.17% | -17.61% |
Volatility
MRSH vs. BMI - Volatility Comparison
The current volatility for Marsh & McLennan Companies, Inc (MRSH) is 7.13%, while Badger Meter, Inc. (BMI) has a volatility of 9.60%. This indicates that MRSH experiences smaller price fluctuations and is considered to be less risky than BMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRSH | BMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 9.60% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 19.09% | 38.63% | -19.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.52% | 44.31% | -20.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.21% | 33.91% | -13.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.95% | 33.69% | -12.74% |
Dividends
MRSH vs. BMI - Dividend Comparison
MRSH's dividend yield for the trailing twelve months is around 2.17%, more than BMI's 1.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMI Badger Meter, Inc. | 1.19% | 0.85% | 0.58% | 0.64% | 0.78% | 0.71% | 0.74% | 0.99% | 1.14% | 1.03% | 1.16% | 1.33% |
MRSH Marsh & McLennan Companies, Inc | 2.17% | 1.85% | 1.44% | 1.37% | 1.36% | 1.15% | 1.57% | 1.56% | 1.98% | 1.76% | 1.92% | 2.13% |
Financials
MRSH vs. BMI - Financials Comparison
This section allows you to compare key financial metrics between Marsh & McLennan Companies, Inc and Badger Meter, 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
MRSH vs. BMI - Profitability Comparison
MRSH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Marsh & McLennan Companies, Inc reported a gross profit of 3.47B and revenue of 7.60B. Therefore, the gross margin over that period was 45.6%.
BMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported a gross profit of 84.33M and revenue of 202.28M. Therefore, the gross margin over that period was 41.7%.
MRSH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Marsh & McLennan Companies, Inc reported an operating income of 1.75B and revenue of 7.60B, resulting in an operating margin of 23.1%.
BMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported an operating income of 35.17M and revenue of 202.28M, resulting in an operating margin of 17.4%.
MRSH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Marsh & McLennan Companies, Inc reported a net income of 1.15B and revenue of 7.60B, resulting in a net margin of 15.1%.
BMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported a net income of 27.34M and revenue of 202.28M, resulting in a net margin of 13.5%.
Frequently Asked Questions
MRSH and BMI have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMI has higher volatility (9.60%) compared to MRSH (7.13%). In terms of maximum drawdown, MRSH dropped -67.46% vs BMI's -68.22%.
MRSH currently has the higher Sharpe Ratio (-0.94 vs -1.00), 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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