WIT vs. AON

Last updated Jun 3, 2026

WIT (Wipro Limited) and AON (Aon plc) are both stocks. WIT operates in Information Technology Services (Technology), while AON operates in Insurance Brokers (Financial Services). Over the past 10 years, WIT returned 0.66%/yr vs 12.37%/yr for AON. At a 0.28 correlation, their price movements are largely independent.

Performance

WIT vs. AON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wipro Limited (WIT) and Aon plc (AON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WIT achieves a -20.17% return, which is significantly lower than AON's -9.49% return. Over the past 10 years, WIT has underperformed AON with an annualized return of 0.66%, while AON has yielded a comparatively higher 12.37% annualized return.

WIT

• 1D: -8.30%
• 1M: 8.87%
• YTD: -20.17%
• 6M: -16.95%
• 1Y: -19.44%
• 3Y*: -1.55%
• 5Y*: -9.80%
• 10Y*: 0.66%

AON

• 1D: -0.80%
• 1M: 2.04%
• YTD: -9.49%
• 6M: -7.61%
• 1Y: -14.73%
• 3Y*: 1.28%
• 5Y*: 5.63%
• 10Y*: 12.37%

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

WIT vs. AON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WIT Wipro Limited	-20.17%	-16.61%	27.38%	19.82%	-51.78%	73.10%	51.23%	-2.31%	-5.94%	13.38%
AON Aon plc	-9.49%	-0.94%	24.45%	-2.31%	0.61%	43.39%	2.37%	44.68%	9.94%	21.49%

Correlation

The correlation between WIT and AON is -0.00, 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	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Oct 20, 2000	0.28

The correlation between WIT and AON shifts across timeframes, from -0.00 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap WIT : $23.22B AON : $68.47B
EPS WIT : $12.70 AON : $18.21
PE Ratio WIT : 0.17 AON : 17.46
PEG Ratio WIT : 0.04 AON : 0.44
PS Ratio WIT : 0.02 AON : 3.94
PB Ratio WIT : 0.03 AON : 6.96
Total Revenue (TTM) WIT : $935.38B AON : $17.49B
Gross Profit (TTM) WIT : $272.72B AON : $9.77B
EBITDA (TTM) WIT : $201.91B AON : $6.55B

Return for Risk

WIT vs. AON — Risk / Return Rank

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

WIT

WIT Risk / Return Rank: 18
WIT Sharpe Ratio Rank: 18
WIT Sortino Ratio Rank: 17
WIT Omega Ratio Rank: 18
WIT Calmar Ratio Rank: 22
WIT Martin Ratio Rank: 16

AON

AON Risk / Return Rank: 12
AON Sharpe Ratio Rank: 14
AON Sortino Ratio Rank: 15
AON Omega Ratio Rank: 15
AON Calmar Ratio Rank: 10
AON Martin Ratio Rank: 5

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.

WIT vs. AON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wipro Limited (WIT) 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.

	WIT	AON	Difference
Sharpe ratio Return per unit of total volatility	-0.52	-0.62	+0.11
Sortino ratio Return per unit of downside risk	-0.61	-0.72	+0.11
Omega ratio Gain probability vs. loss probability	0.93	0.91	+0.02
Calmar ratio Return relative to maximum drawdown	-0.51	-0.80	+0.29
Martin ratio Return relative to average drawdown	-1.11	-1.48	+0.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WIT vs. AON - Sharpe Ratio Comparison

The current WIT Sharpe Ratio is -0.52, which is comparable to the AON Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of WIT and AON, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WIT	AON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.52	-0.62	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	0.25	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.02	0.53	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.42	-0.31

Drawdowns

WIT vs. AON - Drawdown Comparison

The maximum WIT drawdown since its inception was -74.86%, which is greater than AON's maximum drawdown of -69.05%. Use the drawdown chart below to compare losses from any high point for WIT and AON.

Drawdown Indicators

	WIT	AON	Difference
Max Drawdown Largest peak-to-trough decline	-74.86%	-69.05%	-5.81%
Max Drawdown (1Y) Largest decline over 1 year	-38.98%	-17.28%	-21.70%
Max Drawdown (3Y) Largest decline over 3 years	-48.81%	-23.84%	-24.97%
Max Drawdown (5Y) Largest decline over 5 years	-60.42%	-25.38%	-35.04%
Max Drawdown (10Y) Largest decline over 10 years	-60.42%	-38.73%	-21.69%
Current Drawdown Current decline from peak	-51.94%	-21.47%	-30.47%
Average Drawdown Average peak-to-trough decline	-30.87%	-13.67%	-17.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.72%	9.30%	+8.42%

Volatility

WIT vs. AON - Volatility Comparison

Wipro Limited (WIT) has a higher volatility of 21.12% compared to Aon plc (AON) at 5.81%. This indicates that WIT'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

	WIT	AON	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.12%	5.81%	+15.31%
Volatility (6M) Calculated over the trailing 6-month period	34.17%	19.33%	+14.84%
Volatility (1Y) Calculated over the trailing 1-year period	37.78%	23.74%	+14.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.02%	23.08%	+7.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.07%	23.43%	+5.64%

Dividends

WIT vs. AON - Dividend Comparison

WIT's dividend yield for the trailing twelve months is around 5.56%, more than AON's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AON Aon plc	0.96%	0.82%	0.74%	0.83%	0.73%	0.66%	0.84%	0.83%	1.35%	1.05%	1.16%	1.25%
WIT Wipro Limited	5.56%	4.43%	0.17%	0.22%	1.69%	0.14%	0.25%	0.28%	0.31%	0.27%	0.91%	1.65%

Financials

WIT vs. AON - Profitability Comparison

The chart below illustrates the profitability comparison between Wipro Limited and Aon plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

WIT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wipro Limited reported a gross profit of 71.55B and revenue of 246.13B. Therefore, the gross margin over that period was 29.1%.

AON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aon plc reported a gross profit of 2.64B and revenue of 5.03B. Therefore, the gross margin over that period was 52.5%.

WIT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wipro Limited reported an operating income of 42.46B and revenue of 246.13B, resulting in an operating margin of 17.3%.

AON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aon plc reported an operating income of 1.72B and revenue of 5.03B, resulting in an operating margin of 34.1%.

WIT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wipro Limited reported a net income of 35.56B and revenue of 246.13B, resulting in a net margin of 14.5%.

AON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aon plc reported a net income of 1.21B and revenue of 5.03B, resulting in a net margin of 24.1%.

Frequently Asked Questions

Can I hold both WIT and AON in my portfolio?

WIT and AON have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WIT or AON?

WIT has higher volatility (21.12%) compared to AON (5.81%). In terms of maximum drawdown, WIT dropped -74.86% vs AON's -69.05%.

Which has better risk-adjusted returns?

WIT currently has the higher Sharpe Ratio (-0.52 vs -0.62), 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.