WTM vs. MKL
WTM (White Mountains Insurance Group, Ltd.) and MKL (Markel Group Inc.) are both stocks. Both operate in the Insurance - Property & Casualty industry within the Financial Services sector. Over the past 10 years, WTM returned 9.94%/yr vs 7.27%/yr for MKL. Their 0.29 correlation means their historical movements had little consistent relationship.
Performance
WTM vs. MKL - Performance Comparison
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Returns By Period
In the year-to-date period, WTM achieves a 0.99% return, which is significantly higher than MKL's -12.59% return. Over the past 10 years, WTM has outperformed MKL with an annualized return of 9.94%, while MKL has yielded a comparatively lower 7.27% annualized return.
WTM
- 1D
- -0.99%
- 1M
- -3.50%
- 6M
- 2.63%
- YTD
- 0.99%
- 1Y
- 18.24%
- 3Y*
- 9.88%
- 5Y*
- 13.21%
- 10Y*
- 9.94%
- ALL TIME*
- 11.12%
MKL
- 1D
- -0.17%
- 1M
- -5.08%
- 6M
- -7.62%
- YTD
- -12.59%
- 1Y
- -2.63%
- 3Y*
- 8.60%
- 5Y*
- 9.20%
- 10Y*
- 7.27%
- ALL TIME*
- 12.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $138.92M | $132.07M | $140.37M | |
| $34.51M | $37.52M | $43.82M |
WTM vs. MKL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTM White Mountains Insurance Group, Ltd. | 0.99% | 6.89% | 29.31% | 6.49% | 39.63% | 1.41% | -10.19% | 30.20% | 0.88% | 1.93% |
MKL Markel Group Inc. | -12.59% | 24.53% | 21.57% | 7.77% | 6.77% | 19.42% | -9.61% | 10.13% | -8.87% | 25.94% |
Correlation
The correlation between WTM and MKL is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1990 | 0.29 |
Over the past year, WTM and MKL have become more correlated (0.54) than their long-term average of 0.29, meaning their price movements have been converging.
Fundamentals
WTM:
$5.20B
MKL:
$23.28B
WTM:
$615.42
MKL:
$331.57
WTM:
3.41
MKL:
5.67
WTM:
0.04
MKL:
0.10
WTM:
1.42
MKL:
1.04
WTM:
$2.50B
MKL:
$16.18B
WTM:
$1.21B
MKL:
$7.73B
WTM:
$1.17B
MKL:
$3.23B
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Return for Risk
WTM vs. MKL — Risk / Return Rank
WTM
MKL
WTM vs. MKL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for White Mountains Insurance Group, Ltd. (WTM) and Markel Group Inc. (MKL). 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.
| WTM | MKL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.99 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | -0.13 | +1.36 |
| Martin ratioReturn relative to average drawdown | 3.22 | -0.28 | +3.51 |
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Drawdowns
WTM vs. MKL - Drawdown Comparison
The maximum WTM drawdown since its inception was -77.47%, which is greater than MKL's maximum drawdown of -61.32%. Use the drawdown chart below to compare losses from any high point for WTM and MKL.
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Drawdown Indicators
| WTM | MKL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.47% | -61.32% | -16.15% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -20.10% | +5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -18.05% | -20.10% | +2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -28.87% | +10.82% |
Max Drawdown (10Y)Largest decline over 10 years | -40.16% | -44.66% | +4.50% |
Current DrawdownCurrent decline from peak | -9.56% | -14.27% | +4.71% |
Average DrawdownAverage peak-to-trough decline | -14.13% | -11.39% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 9.29% | -3.88% |
Volatility
WTM vs. MKL - Volatility Comparison
The current volatility for White Mountains Insurance Group, Ltd. (WTM) is 7.19%, while Markel Group Inc. (MKL) has a volatility of 7.87%. This indicates that WTM experiences smaller price fluctuations and is considered to be less risky than MKL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTM | MKL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 7.87% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 15.44% | 15.70% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.25% | 19.92% | +4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.60% | 22.47% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.41% | 25.38% | -1.97% |
Dividends
WTM vs. MKL - Dividend Comparison
WTM's dividend yield for the trailing twelve months is around 0.05%, while MKL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MKL Markel Group 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% |
WTM White Mountains Insurance Group, Ltd. | 0.05% | 0.05% | 0.05% | 0.07% | 0.07% | 0.10% | 0.10% | 0.09% | 0.12% | 0.12% | 0.12% | 0.14% |
Financials
WTM vs. MKL - Financials Comparison
This section allows you to compare key financial metrics between White Mountains Insurance Group, Ltd. and Markel Group 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
WTM vs. MKL - Profitability Comparison
WTM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, White Mountains Insurance Group, Ltd. reported a gross profit of -42.70M and revenue of 372.40M. Therefore, the gross margin over that period was -11.5%.
MKL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Markel Group Inc. reported a gross profit of 0.00 and revenue of 4.02B. Therefore, the gross margin over that period was 0.0%.
WTM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, White Mountains Insurance Group, Ltd. reported an operating income of -148.10M and revenue of 372.40M, resulting in an operating margin of -39.8%.
MKL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Markel Group Inc. reported an operating income of 1.56B and revenue of 4.02B, resulting in an operating margin of 38.8%.
WTM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, White Mountains Insurance Group, Ltd. reported a net income of -27.20M and revenue of 372.40M, resulting in a net margin of -7.3%.
MKL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Markel Group Inc. reported a net income of 1.85B and revenue of 4.02B, resulting in a net margin of 46.1%.
Frequently Asked Questions
WTM and MKL have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MKL has higher volatility (7.87%) compared to WTM (7.19%). In terms of maximum drawdown, WTM dropped -77.47% vs MKL's -61.32%.
WTM currently has the higher Sharpe Ratio (0.72 vs -0.13), 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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