MRSH vs. HON
MRSH (Marsh & McLennan Companies, Inc) and HON (Honeywell International Inc) are both stocks. MRSH operates in Insurance Brokers (Financial Services), while HON operates in Conglomerates (Industrials). Over the past 10 years, MRSH returned 11.75%/yr vs 10.02%/yr for HON. At a 0.40 correlation, their price movements are largely independent.
Performance
MRSH vs. HON - Performance Comparison
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Returns By Period
In the year-to-date period, MRSH achieves a -8.15% return, which is significantly lower than HON's 14.11% return. Over the past 10 years, MRSH has outperformed HON with an annualized return of 11.75%, while HON has yielded a comparatively lower 10.02% annualized return.
MRSH
- 1D
- 0.32%
- 1M
- 4.74%
- YTD
- -8.15%
- 6M
- -8.49%
- 1Y
- -20.92%
- 3Y*
- -0.08%
- 5Y*
- 5.55%
- 10Y*
- 11.75%
HON
- 1D
- 0.54%
- 1M
- 3.32%
- YTD
- 14.11%
- 6M
- 14.95%
- 1Y
- 6.49%
- 3Y*
- 7.43%
- 5Y*
- 2.86%
- 10Y*
- 10.02%
MRSH vs. HON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MRSH Marsh & McLennan Companies, Inc | -8.15% | -11.26% | 13.75% | 16.15% | -3.45% | 50.83% | 6.86% | 42.33% | -0.14% | 22.73% |
HON Honeywell International Inc | 14.11% | -6.37% | 10.02% | 0.02% | 4.90% | -0.29% | 22.97% | 36.70% | -8.27% | 35.10% |
Correlation
The correlation between MRSH and HON is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1987 | 0.40 |
Over the past year, the correlation between MRSH and HON has dropped to 0.15 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
Fundamentals
MRSH:
$81.98B
HON:
$140.65B
MRSH:
$7.99
HON:
$6.42
MRSH:
21.11
HON:
34.34
MRSH:
3.01
HON:
3.83
MRSH:
5.54
HON:
6.60
MRSH:
$27.52B
HON:
$36.76B
MRSH:
$11.66B
HON:
$13.58B
MRSH:
$6.68B
HON:
$6.55B
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Return for Risk
MRSH vs. HON — Risk / Return Rank
MRSH
HON
MRSH vs. HON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Marsh & McLennan Companies, Inc (MRSH) and Honeywell International Inc (HON). 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 | HON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.06 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 0.34 | -1.15 |
| Martin ratioReturn relative to average drawdown | -1.40 | 0.59 | -1.99 |
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Drawdowns
MRSH vs. HON - Drawdown Comparison
The maximum MRSH drawdown since its inception was -67.46%, roughly equal to the maximum HON drawdown of -70.09%. Use the drawdown chart below to compare losses from any high point for MRSH and HON.
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Drawdown Indicators
| MRSH | HON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.46% | -70.09% | +2.63% |
Max Drawdown (1Y)Largest decline over 1 year | -27.01% | -16.54% | -10.47% |
Max Drawdown (3Y)Largest decline over 3 years | -34.36% | -22.10% | -12.26% |
Max Drawdown (5Y)Largest decline over 5 years | -34.36% | -27.13% | -7.23% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | -43.01% | +7.21% |
Current DrawdownCurrent decline from peak | -29.62% | -10.69% | -18.93% |
Average DrawdownAverage peak-to-trough decline | -17.41% | -20.28% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.50% | 9.68% | +5.82% |
Volatility
MRSH vs. HON - Volatility Comparison
The current volatility for Marsh & McLennan Companies, Inc (MRSH) is 6.91%, while Honeywell International Inc (HON) has a volatility of 11.56%. This indicates that MRSH experiences smaller price fluctuations and is considered to be less risky than HON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRSH | HON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 11.56% | -4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 19.10% | 18.95% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.47% | 24.12% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.20% | 22.02% | -1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.94% | 23.64% | -2.70% |
Dividends
MRSH vs. HON - Dividend Comparison
MRSH's dividend yield for the trailing twelve months is around 2.13%, more than HON's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HON Honeywell International Inc | 2.10% | 2.25% | 1.93% | 1.99% | 1.85% | 1.81% | 1.71% | 1.90% | 2.24% | 1.79% | 2.11% | 2.07% |
MRSH Marsh & McLennan Companies, Inc | 2.13% | 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. HON - Financials Comparison
This section allows you to compare key financial metrics between Marsh & McLennan Companies, Inc and Honeywell International 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. HON - 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%.
HON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported a gross profit of 3.54B and revenue of 9.14B. Therefore, the gross margin over that period was 38.7%.
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%.
HON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported an operating income of 886.00M and revenue of 9.14B, resulting in an operating margin of 9.7%.
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%.
HON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported a net income of 821.00M and revenue of 9.14B, resulting in a net margin of 9.0%.
Frequently Asked Questions
MRSH and HON have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HON has higher volatility (11.56%) compared to MRSH (6.91%). In terms of maximum drawdown, MRSH dropped -67.46% vs HON's -70.09%.
HON currently has the higher Sharpe Ratio (0.24 vs -0.93), 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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