WHF vs. AJG
WHF (WhiteHorse Finance, Inc.) and AJG (Arthur J. Gallagher & Co.) are both stocks. Both are in the Financial Services sector — WHF in Asset Management, AJG in Insurance Brokers. Over the past 10 years, WHF returned 7.17%/yr vs 19.58%/yr for AJG. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
WHF vs. AJG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WHF achieves a -1.44% return, which is significantly higher than AJG's -3.00% return. Over the past 10 years, WHF has underperformed AJG with an annualized return of 7.17%, while AJG has yielded a comparatively higher 19.58% annualized return.
WHF
- 1D
- -0.23%
- 1M
- -3.98%
- 6M
- 2.09%
- YTD
- -1.44%
- 1Y
- -14.28%
- 3Y*
- -9.79%
- 5Y*
- -3.92%
- 10Y*
- 7.17%
- ALL TIME*
- 6.58%
AJG
- 1D
- -2.75%
- 1M
- -1.20%
- 6M
- 0.66%
- YTD
- -3.00%
- 1Y
- -11.24%
- 3Y*
- 5.39%
- 5Y*
- 13.54%
- 10Y*
- 19.58%
- ALL TIME*
- 12.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $341.76M | $385.93M | $398.45M | |
| $308.71K | $396.71K | $548.65K |
WHF vs. AJG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WHF WhiteHorse Finance, Inc. | -1.44% | -15.36% | -8.52% | 6.26% | -6.23% | 25.77% | 19.14% | 20.83% | 4.80% | 21.87% |
AJG Arthur J. Gallagher & Co. | -3.00% | -8.03% | 27.34% | 20.51% | 12.44% | 39.02% | 32.12% | 31.79% | 19.19% | 25.04% |
Correlation
The correlation between WHF and AJG is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2012 | 0.17 |
The correlation between WHF and AJG shifts across timeframes, from 0.01 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
Fundamentals
WHF:
$137.13M
AJG:
$64.08B
WHF:
$0.69
AJG:
$6.19
WHF:
9.24
AJG:
40.27
WHF:
3.05
AJG:
4.33
WHF:
$47.81M
AJG:
$14.97B
WHF:
$14.33M
AJG:
$9.88B
WHF:
-$4.37M
AJG:
$3.89B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WHF vs. AJG — Risk / Return Rank
WHF
AJG
WHF vs. AJG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WhiteHorse Finance, Inc. (WHF) and Arthur J. Gallagher & Co. (AJG). 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.
| WHF | AJG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.95 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | -0.32 | -0.29 |
| Martin ratioReturn relative to average drawdown | -1.13 | -0.55 | -0.59 |
Loading charts...
Drawdowns
WHF vs. AJG - Drawdown Comparison
The maximum WHF drawdown since its inception was -57.48%, roughly equal to the maximum AJG drawdown of -57.49%. Use the drawdown chart below to compare losses from any high point for WHF and AJG.
Loading charts...
Drawdown Indicators
| WHF | AJG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.48% | -57.49% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -23.68% | -37.81% | +14.13% |
Max Drawdown (3Y)Largest decline over 3 years | -37.91% | -44.40% | +6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -37.91% | -44.40% | +6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -57.48% | -44.40% | -13.08% |
Current DrawdownCurrent decline from peak | -31.28% | -27.54% | -3.74% |
Average DrawdownAverage peak-to-trough decline | -9.17% | -12.89% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.70% | 22.40% | -9.70% |
Volatility
WHF vs. AJG - Volatility Comparison
The current volatility for WhiteHorse Finance, Inc. (WHF) is 4.43%, while Arthur J. Gallagher & Co. (AJG) has a volatility of 12.20%. This indicates that WHF experiences smaller price fluctuations and is considered to be less risky than AJG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WHF | AJG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 12.20% | -7.77% |
Volatility (6M)Calculated over the trailing 6-month period | 19.87% | 24.84% | -4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.90% | 29.93% | -2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.94% | 23.67% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.55% | 23.39% | +8.16% |
Dividends
WHF vs. AJG - Dividend Comparison
WHF's dividend yield for the trailing twelve months is around 18.48%, more than AJG's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | 1.08% | 1.00% | 0.85% | 0.98% | 1.08% | 1.13% | 1.46% | 1.81% | 2.23% | 2.47% | 2.93% | 3.62% |
WHF WhiteHorse Finance, Inc. | 18.48% | 20.72% | 18.44% | 12.60% | 11.26% | 10.03% | 13.96% | 11.79% | 11.16% | 10.58% | 11.67% | 12.37% |
Financials
WHF vs. AJG - Financials Comparison
This section allows you to compare key financial metrics between WhiteHorse Finance, Inc. and Arthur J. Gallagher & Co.. 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
WHF vs. AJG - Profitability Comparison
WHF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, WhiteHorse Finance, Inc. reported a gross profit of 0.00 and revenue of 15.86M. Therefore, the gross margin over that period was 0.0%.
AJG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Arthur J. Gallagher & Co. reported a gross profit of 4.04B and revenue of 4.76B. Therefore, the gross margin over that period was 84.9%.
WHF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, WhiteHorse Finance, Inc. reported an operating income of 0.00 and revenue of 15.86M, resulting in an operating margin of 0.0%.
AJG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Arthur J. Gallagher & Co. reported an operating income of 1.22B and revenue of 4.76B, resulting in an operating margin of 25.6%.
WHF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, WhiteHorse Finance, Inc. reported a net income of 5.73M and revenue of 15.86M, resulting in a net margin of 36.1%.
AJG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Arthur J. Gallagher & Co. reported a net income of 822.00M and revenue of 4.76B, resulting in a net margin of 17.3%.
Frequently Asked Questions
WHF and AJG 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.
AJG has higher volatility (12.20%) compared to WHF (4.43%). In terms of maximum drawdown, WHF dropped -57.48% vs AJG's -57.49%.
AJG currently has the higher Sharpe Ratio (-0.41 vs -0.52), 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.
Find the right allocation for WHF and AJG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer