WBD vs. MRSH
WBD (Warner Bros. Discovery, Inc.) and MRSH (Marsh & McLennan Companies, Inc) are both stocks. WBD operates in Entertainment (Communication Services), while MRSH operates in Insurance Brokers (Financial Services). Over the past 10 years, WBD returned 0.50%/yr vs 11.75%/yr for MRSH. At a 0.28 correlation, their price movements are largely independent.
Performance
WBD vs. MRSH - Performance Comparison
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Returns By Period
In the year-to-date period, WBD achieves a -6.38% return, which is significantly higher than MRSH's -8.15% return. Over the past 10 years, WBD has underperformed MRSH with an annualized return of 0.50%, while MRSH has yielded a comparatively higher 11.75% annualized return.
WBD
- 1D
- 0.45%
- 1M
- -0.00%
- YTD
- -6.38%
- 6M
- -10.01%
- 1Y
- 168.99%
- 3Y*
- 25.07%
- 5Y*
- -2.61%
- 10Y*
- 0.50%
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%
WBD vs. MRSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WBD Warner Bros. Discovery, Inc. | -6.38% | 172.66% | -7.12% | 20.04% | -59.73% | -21.77% | -8.09% | 32.34% | 10.55% | -18.35% |
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% |
Correlation
The correlation between WBD and MRSH is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2005 | 0.28 |
The correlation between WBD and MRSH shifts across timeframes, from -0.01 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
Fundamentals
WBD:
$67.23B
MRSH:
$81.98B
WBD:
-$0.86
MRSH:
$7.99
WBD:
1.81
MRSH:
3.01
WBD:
2.06
MRSH:
5.54
WBD:
$37.21B
MRSH:
$27.52B
WBD:
$15.43B
MRSH:
$11.66B
WBD:
$9.00B
MRSH:
$6.68B
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Return for Risk
WBD vs. MRSH — Risk / Return Rank
WBD
MRSH
WBD vs. MRSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Warner Bros. Discovery, Inc. (WBD) and Marsh & McLennan Companies, Inc (MRSH). 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.
| WBD | MRSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.50 | ||
| Sortino ratioReturn per unit of downside risk | +6.72 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 0.85 | +0.91 |
| Calmar ratioReturn relative to maximum drawdown | 7.82 | -0.80 | +8.62 |
| Martin ratioReturn relative to average drawdown | 22.23 | -1.40 | +23.63 |
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Drawdowns
WBD vs. MRSH - Drawdown Comparison
The maximum WBD drawdown since its inception was -91.32%, which is greater than MRSH's maximum drawdown of -67.46%. Use the drawdown chart below to compare losses from any high point for WBD and MRSH.
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Drawdown Indicators
| WBD | MRSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.32% | -67.46% | -23.86% |
Max Drawdown (1Y)Largest decline over 1 year | -21.31% | -27.01% | +5.70% |
Max Drawdown (3Y)Largest decline over 3 years | -53.63% | -34.36% | -19.27% |
Max Drawdown (5Y)Largest decline over 5 years | -78.49% | -34.36% | -44.13% |
Max Drawdown (10Y)Largest decline over 10 years | -91.32% | -35.80% | -55.52% |
Current DrawdownCurrent decline from peak | -65.08% | -29.62% | -35.46% |
Average DrawdownAverage peak-to-trough decline | -37.14% | -17.41% | -19.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.48% | 15.50% | -8.02% |
Volatility
WBD vs. MRSH - Volatility Comparison
The current volatility for Warner Bros. Discovery, Inc. (WBD) is 4.77%, while Marsh & McLennan Companies, Inc (MRSH) has a volatility of 6.91%. This indicates that WBD experiences smaller price fluctuations and is considered to be less risky than MRSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WBD | MRSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 6.91% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 11.46% | 19.10% | -7.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.82% | 23.47% | +23.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.71% | 20.20% | +32.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.14% | 20.94% | +26.20% |
Dividends
WBD vs. MRSH - Dividend Comparison
WBD has not paid dividends to shareholders, while MRSH's dividend yield for the trailing twelve months is around 2.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WBD Warner Bros. Discovery, 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% |
Financials
WBD vs. MRSH - Financials Comparison
This section allows you to compare key financial metrics between Warner Bros. Discovery, Inc. and Marsh & McLennan Companies, 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
WBD vs. MRSH - Profitability Comparison
WBD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Warner Bros. Discovery, Inc. reported a gross profit of 4.25B and revenue of 8.89B. Therefore, the gross margin over that period was 47.8%.
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%.
WBD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Warner Bros. Discovery, Inc. reported an operating income of -2.47B and revenue of 8.89B, resulting in an operating margin of -27.8%.
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%.
WBD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Warner Bros. Discovery, Inc. reported a net income of -3.33B and revenue of 8.89B, resulting in a net margin of -37.5%.
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%.
Frequently Asked Questions
WBD and MRSH have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRSH has higher volatility (6.91%) compared to WBD (4.77%). In terms of maximum drawdown, WBD dropped -91.32% vs MRSH's -67.46%.
WBD currently has the higher Sharpe Ratio (3.57 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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