RYAN vs. AON

Last updated Apr 2, 2026

Compare and contrast key facts about Ryan Specialty Group Holdings, Inc. (RYAN) and Aon plc (AON).

Performance

RYAN vs. AON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ryan Specialty Group Holdings, Inc. (RYAN) and Aon plc (AON). The values are adjusted to include any dividend payments, if applicable.

RYAN vs. AON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RYAN Ryan Specialty Group Holdings, Inc.	-35.81%	-18.92%	50.88%	3.64%	2.87%	46.73%
AON Aon plc	-8.74%	-0.94%	24.45%	-2.31%	0.61%	29.72%

Fundamentals

Market Cap RYAN : $9.20B AON : $69.57B
EPS RYAN : $0.31 AON : $17.04
PE Ratio RYAN : 104.96 AON : 18.86
PS Ratio RYAN : 2.98 AON : 4.06
PB Ratio RYAN : 14.19 AON : 7.44
Total Revenue (TTM) RYAN : $3.05B AON : $17.18B
Gross Profit (TTM) RYAN : $2.58B AON : $8.20B
EBITDA (TTM) RYAN : $842.56M AON : $5.12B

Returns By Period

In the year-to-date period, RYAN achieves a -35.81% return, which is significantly lower than AON's -8.74% return.

RYAN

• 1D: -2.10%
• 1M: -17.86%
• YTD: -35.81%
• 6M: -39.03%
• 1Y: -54.84%
• 3Y*: -5.67%
• 5Y*: —
• 10Y*: —

AON

• 1D: -0.45%
• 1M: -4.87%
• YTD: -8.74%
• 6M: -10.38%
• 1Y: -18.74%
• 3Y*: 1.46%
• 5Y*: 7.60%
• 10Y*: 12.91%

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

Return for Risk

RYAN vs. AON — Risk / Return Rank

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

RYAN

RYAN Risk / Return Rank: 2
RYAN Sharpe Ratio Rank: 0
RYAN Sortino Ratio Rank: 1
RYAN Omega Ratio Rank: 2
RYAN Calmar Ratio Rank: 4
RYAN Martin Ratio Rank: 2

AON

AON Risk / Return Rank: 10
AON Sharpe Ratio Rank: 10
AON Sortino Ratio Rank: 12
AON Omega Ratio Rank: 12
AON Calmar Ratio Rank: 8
AON Martin Ratio Rank: 8

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.

RYAN vs. AON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ryan Specialty Group Holdings, Inc. (RYAN) 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.

	RYAN	AON	Difference
Sharpe ratio Return per unit of total volatility	-1.48	-0.74	-0.74
Sortino ratio Return per unit of downside risk	-2.36	-0.88	-1.48
Omega ratio Gain probability vs. loss probability	0.70	0.88	-0.18
Calmar ratio Return relative to maximum drawdown	-0.95	-0.87	-0.08
Martin ratio Return relative to average drawdown	-1.90	-1.55	-0.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYAN vs. AON - Sharpe Ratio Comparison

The current RYAN Sharpe Ratio is -1.48, which is lower than the AON Sharpe Ratio of -0.74. The chart below compares the historical Sharpe Ratios of RYAN and AON, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RYAN	AON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.48	-0.74	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.33	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.42	-0.29

Correlation

The correlation between RYAN and AON is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RYAN vs. AON - Dividend Comparison

RYAN's dividend yield for the trailing twelve months is around 1.48%, more than AON's 0.93% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYAN Ryan Specialty Group Holdings, Inc.	1.48%	0.93%	1.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AON Aon plc	0.93%	0.82%	0.74%	0.83%	0.73%	0.66%	0.84%	0.83%	1.35%	1.05%	1.16%	1.25%

Drawdowns

RYAN vs. AON - Drawdown Comparison

The maximum RYAN drawdown since its inception was -57.81%, smaller than the maximum AON drawdown of -69.05%. Use the drawdown chart below to compare losses from any high point for RYAN and AON.

Drawdown Indicators

	RYAN	AON	Difference
Max Drawdown Largest peak-to-trough decline	-57.81%	-69.05%	+11.24%
Max Drawdown (1Y) Largest decline over 1 year	-57.81%	-21.06%	-36.75%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.73%	—
Current Drawdown Current decline from peak	-56.10%	-20.82%	-35.28%
Average Drawdown Average peak-to-trough decline	-10.71%	-13.64%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.84%	12.12%	+16.72%

Volatility

RYAN vs. AON - Volatility Comparison

Ryan Specialty Group Holdings, Inc. (RYAN) has a higher volatility of 9.37% compared to Aon plc (AON) at 8.05%. This indicates that RYAN'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

	RYAN	AON	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.37%	8.05%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	29.65%	18.23%	+11.42%
Volatility (1Y) Calculated over the trailing 1-year period	37.11%	25.36%	+11.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.61%	22.89%	+10.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.61%	23.27%	+10.34%

Financials

RYAN vs. AON - Profitability Comparison

The chart below illustrates the profitability comparison between Ryan Specialty Group Holdings, Inc. and Aon plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

RYAN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Ryan Specialty Group Holdings, Inc. reported a gross profit of 677.67M and revenue of 751.21M. Therefore, the gross margin over that period was 90.2%.

AON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Aon plc reported a gross profit of 2.18B and revenue of 4.30B. Therefore, the gross margin over that period was 50.8%.

RYAN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Ryan Specialty Group Holdings, Inc. reported an operating income of 134.91M and revenue of 751.21M, resulting in an operating margin of 18.0%.

AON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Aon plc reported an operating income of 1.21B and revenue of 4.30B, resulting in an operating margin of 28.1%.

RYAN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Ryan Specialty Group Holdings, Inc. reported a net income of 31.24M and revenue of 751.21M, resulting in a net margin of 4.2%.

AON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Aon plc reported a net income of 1.69B and revenue of 4.30B, resulting in a net margin of 39.4%.