BRO vs GSHD: Correlation
Brown & Brown (BRO) and Goosehead Insurance, Inc. (GSHD) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRO and GSHD?
Across a 3-year window, the weekly returns of BRO and GSHD correlate at 0.52, moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.52). Stretching to 5 years gives 0.50, with an annualized covariance of 699.0 %².
Among the 35 assets we track against BRO, GSHD ranks #11 by 3-year correlation. The trailing year gives GSHD the advantage: -25.0% versus -18.5%, a 6.5-point spread. One caveat on sizing: GSHD is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BRO vs GSHD: side by side
| BRO (Brown & Brown) | GSHD (Goosehead Insurance, Inc.) | |
|---|---|---|
| 1-year return | -25.0% | -18.5% |
| 5-year return | +27.5% | -47.2% |
| Volatility (ann.) | 24.4% | 55.1% |
| Beta vs S&P 500 | 0.39 | 0.42 |
| Max drawdown (3Y) | -55.8% | -72.2% |
| Market cap | $23.9B | $2.5B |
| P/E (trailing) | 23.3 | 51.4 |
| Dividend yield | 0.89% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BRO | GSHD |
|---|---|---|
| 2022 | -18.4% | -73.6% |
| 2023 | +25.7% | +120.7% |
| 2024 | +44.3% | +41.5% |
| 2025 | -21.4% | -27.4% |
| 2026 | -9.7% | -4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRO and GSHD good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BRO and GSHD?
The BRO/GSHD correlation stands at 0.52 on a 3-year window (1 year: 0.64, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is GSHD a good diversifier for BRO?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bro-vs-gshd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bro-vs-gshd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRO correlations · GSHD correlations
