BWIN vs PAX

Comparison between The Baldwin Insurance Group Inc - Class A (BWIN, Company) and Patria Investments Ltd - Class A (PAX, Company).

Both BWIN and PAX are from the Financial Services sector.

5-Year PerformancePAX has outperformed BWIN, delivering a return of -3.6% compared to -4.8%

BWIN vs PAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BWIN(COMPANY)	PAX(COMPANY)
Market Cap	$1.82B	$1.82B
Max Drawdown	70.16%	57.32%
Sharpe Ratio	-0.92	-0.31
5Y Beta	0.74	1.08
Industry	Insurance Brokers	Asset Management
P/E Ratio	-232.08	24.91
Forward P/E	9.12	8.14
Dividend Yield	N/A	5.37%
5Y EPS CAGR	N/A	-2.17%
Debt to Equity	1.67%	42.29%
Free Cash Flow Yield	1.57%	11.03%
P/S Ratio	1.17	4.57
P/B Ratio	2.01	2.98

Market Cap

BWIN

$1.82B

Winner

PAX

$1.82B

Max Drawdown

BWIN

70.16%

Winner

PAX

57.32%

Sharpe Ratio

BWIN

-0.92

Winner

PAX

-0.31

5Y Beta

Winner

BWIN

0.74

PAX

1.08

Industry

BWIN

Insurance Brokers

PAX

Asset Management

P/E Ratio

Winner

BWIN

-232.08

PAX

24.91

Forward P/E

BWIN

9.12

Winner

PAX

8.14

Dividend Yield

BWIN

N/A

PAX

5.37%

5Y EPS CAGR

BWIN

N/A

PAX

-2.17%

Debt to Equity

Winner

BWIN

1.67%

PAX

42.29%

Free Cash Flow Yield

BWIN

1.57%

Winner

PAX

11.03%

P/S Ratio

Winner

BWIN

1.17

PAX

4.57

P/B Ratio

Winner

BWIN

2.01

PAX

2.98

BWIN vs PAX - Historical Returns

Returns include dividend reinvestment.

Period	BWIN	PAX
1 month	-6.54%	-12.58%
3 months	-10.61%	-8.25%
6 months	-20.64%	-24.88%
1 year	-47.75%	-12.01%
5 years(CAGR)	-4.78%	-3.57%
Max(CAGR)	+2.98%	-5.24%

Winner

BWIN

-6.54%

PAX

-12.58%

BWIN

-10.61%

Winner

PAX

-8.25%

Winner

BWIN

-20.64%

PAX

-24.88%

BWIN

-47.75%

Winner

PAX

-12.01%

5Y(CAGR)

BWIN

-4.78%

Winner

PAX

-3.57%

Max(CAGR)

Winner

BWIN

+2.98%

PAX

-5.24%

BWIN vs PAX - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	BWIN	PAX
2026	-16.40%	-28.18%
2025	-35.52%	+45.52%
2024	+63.82%	-19.14%
2023	-3.88%	+19.76%
2022	-28.98%	-10.94%
2021	+24.95%	-15.04%
2020	+83.64%	N/A
2019	-1.95%	N/A

BWIN vs PAX Drawdown Comparison

The maximum drawdown for BWIN was -70.16%, occurring on Feb 13, 2026. This drawdown has not yet recovered.

The maximum drawdown for PAX was -46.15%, occurring on Apr 8, 2025. Recovery took 1234 trading sessions.

The current BWIN drawdown is -64.04%. The current PAX drawdown is -35.00%.

Rank	BWIN	PAX
#1	-70.16% Oct 17, 2024 - Feb 13, 2026	-46.15% Feb 8, 2021 - Jan 7, 2026
#2	-58.02% Nov 15, 2021 - Jul 26, 2024	-36.28% Jan 8, 2026 - May 19, 2026
#3	-49.09% Nov 14, 2019 - Jun 26, 2020	-10.30% Jan 22, 2021 - Feb 2, 2021
#4	-28.76% Nov 16, 2020 - Aug 10, 2021	N/A
#5	-22.31% Sep 3, 2021 - Nov 8, 2021	N/A
#6	-14.93% Sep 2, 2020 - Oct 13, 2020	N/A
#7	-12.31% Oct 13, 2020 - Nov 6, 2020	N/A
#8	-10.66% Jun 26, 2020 - Aug 7, 2020	N/A
#9	-7.46% Jul 30, 2024 - Aug 23, 2024	N/A
#10	-5.97% Sep 19, 2024 - Oct 4, 2024	N/A
#11	-5.86% Oct 24, 2019 - Nov 7, 2019	N/A
#12	-5.20% Aug 18, 2021 - Aug 31, 2021	N/A
#13	-5.00% Nov 8, 2021 - Nov 12, 2021	N/A
#14	-3.45% Aug 30, 2024 - Sep 13, 2024	N/A
#15	-3.42% Oct 4, 2024 - Oct 10, 2024	N/A

Correlation

Correlation between BWIN and PAX is -0.40 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.40

-101