TRV vs. MRK
TRV (The Travelers Companies, Inc.) and MRK (Merck & Co., Inc.) are both stocks. TRV operates in Insurance - Property & Casualty (Financial Services), while MRK operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, TRV returned 14.78%/yr vs 12.26%/yr for MRK. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
TRV vs. MRK - Performance Comparison
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Returns By Period
In the year-to-date period, TRV achieves a 30.07% return, which is significantly higher than MRK's 25.51% return. Over the past 10 years, TRV has outperformed MRK with an annualized return of 14.78%, while MRK has yielded a comparatively lower 12.26% annualized return.
TRV
- 1D
- -0.43%
- 1M
- 9.36%
- 6M
- 32.61%
- YTD
- 30.07%
- 1Y
- 47.23%
- 3Y*
- 31.86%
- 5Y*
- 22.60%
- 10Y*
- 14.78%
- ALL TIME*
- 11.85%
MRK
- 1D
- 0.32%
- 1M
- 0.49%
- 6M
- 19.80%
- YTD
- 25.51%
- 1Y
- 69.70%
- 3Y*
- 10.70%
- 5Y*
- 14.64%
- 10Y*
- 12.26%
- ALL TIME*
- 12.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $997.19M | $1.08B | $1.21B | |
| $902.70M | $763.57M | $614.43M |
TRV vs. MRK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRV The Travelers Companies, Inc. | 30.07% | 22.38% | 28.76% | 3.93% | 22.42% | 13.96% | 5.31% | 17.00% | -9.64% | 13.36% |
MRK Merck & Co., Inc. | 25.51% | 9.79% | -6.26% | 1.01% | 49.42% | 1.75% | -7.20% | 22.27% | 39.95% | -1.49% |
Correlation
The correlation between TRV and MRK is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 1996 | 0.32 |
Fundamentals
TRV:
$78.08B
MRK:
$321.62B
TRV:
$37.59
MRK:
$3.59
TRV:
9.96
MRK:
36.23
TRV:
0.46
MRK:
0.03
TRV:
1.69
MRK:
4.93
TRV:
2.41
MRK:
7.02
TRV:
$48.98B
MRK:
$65.59B
TRV:
$17.01B
MRK:
$49.79B
TRV:
$11.31B
MRK:
$22.69B
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Return for Risk
TRV vs. MRK — Risk / Return Rank
TRV
MRK
TRV vs. MRK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Travelers Companies, Inc. (TRV) and Merck & Co., Inc. (MRK). 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.
| TRV | MRK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.58 | 6.39 | -0.81 |
| Martin ratioReturn relative to average drawdown | 14.16 | 16.11 | -1.95 |
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Drawdowns
TRV vs. MRK - Drawdown Comparison
The maximum TRV drawdown since its inception was -55.11%, smaller than the maximum MRK drawdown of -68.61%. Use the drawdown chart below to compare losses from any high point for TRV and MRK.
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Drawdown Indicators
| TRV | MRK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.11% | -68.61% | +13.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -11.37% | +3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -12.47% | -43.44% | +30.97% |
Max Drawdown (5Y)Largest decline over 5 years | -18.90% | -43.44% | +24.54% |
Max Drawdown (10Y)Largest decline over 10 years | -46.28% | -43.44% | -2.84% |
Current DrawdownCurrent decline from peak | -5.75% | -1.23% | -4.52% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -18.79% | +7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 4.50% | -1.23% |
Volatility
TRV vs. MRK - Volatility Comparison
The Travelers Companies, Inc. (TRV) has a higher volatility of 11.55% compared to Merck & Co., Inc. (MRK) at 8.23%. This indicates that TRV's price experiences larger fluctuations and is considered to be riskier than MRK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRV | MRK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.55% | 8.23% | +3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 16.55% | 19.68% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.71% | 27.87% | -7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.24% | 24.10% | -1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.65% | 23.13% | +1.52% |
Dividends
TRV vs. MRK - Dividend Comparison
TRV's dividend yield for the trailing twelve months is around 1.22%, less than MRK's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRK Merck & Co., Inc. | 2.58% | 3.12% | 3.14% | 2.72% | 2.52% | 3.41% | 3.03% | 2.48% | 2.60% | 3.36% | 3.14% | 3.43% |
TRV The Travelers Companies, Inc. | 1.22% | 1.50% | 1.72% | 2.06% | 1.96% | 2.23% | 2.40% | 2.36% | 2.53% | 2.09% | 2.14% | 2.11% |
Financials
TRV vs. MRK - Financials Comparison
This section allows you to compare key financial metrics between The Travelers Companies, Inc. and Merck & Co., 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
TRV vs. MRK - Profitability Comparison
TRV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, The Travelers Companies, Inc. reported a gross profit of 4.45B and revenue of 12.15B. Therefore, the gross margin over that period was 36.6%.
MRK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Merck & Co., Inc. reported a gross profit of 13.34B and revenue of 16.29B. Therefore, the gross margin over that period was 81.9%.
TRV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, The Travelers Companies, Inc. reported an operating income of 2.88B and revenue of 12.15B, resulting in an operating margin of 23.7%.
MRK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Merck & Co., Inc. reported an operating income of -1.88B and revenue of 16.29B, resulting in an operating margin of -11.6%.
TRV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, The Travelers Companies, Inc. reported a net income of 2.21B and revenue of 12.15B, resulting in a net margin of 18.2%.
MRK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Merck & Co., Inc. reported a net income of -4.24B and revenue of 16.29B, resulting in a net margin of -26.0%.
Frequently Asked Questions
TRV and MRK have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRV has higher volatility (11.55%) compared to MRK (8.23%). In terms of maximum drawdown, TRV dropped -55.11% vs MRK's -68.61%.
MRK currently has the higher Sharpe Ratio (2.64 vs 2.24), 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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