PAX vs BWIN

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

Both PAX and BWIN are from the Financial Services sector.

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

PAX vs BWIN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Market Cap

Winner

PAX

$1.82B

BWIN

$1.82B

Max Drawdown

Winner

PAX

57.32%

BWIN

70.16%

Sharpe Ratio

Winner

PAX

-0.31

BWIN

-0.92

5Y Beta

PAX

1.08

Winner

BWIN

0.74

Industry

PAX

Asset Management

BWIN

Insurance Brokers

P/E Ratio

PAX

24.91

Winner

BWIN

-232.08

Forward P/E

Winner

PAX

8.14

BWIN

9.12

Dividend Yield

PAX

5.37%

BWIN

N/A

5Y EPS CAGR

PAX

-2.17%

BWIN

N/A

Debt to Equity

PAX

42.29%

Winner

BWIN

1.67%

Free Cash Flow Yield

Winner

PAX

11.03%

BWIN

1.57%

P/S Ratio

PAX

4.57

Winner

BWIN

1.17

P/B Ratio

PAX

2.98

Winner

BWIN

2.01

PAX vs BWIN - Historical Returns

Returns include dividend reinvestment.

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

PAX

-12.58%

Winner

BWIN

-6.54%

Winner

PAX

-8.25%

BWIN

-10.61%

PAX

-24.88%

Winner

BWIN

-20.64%

Winner

PAX

-12.01%

BWIN

-47.75%

5Y(CAGR)

Winner

PAX

-3.57%

BWIN

-4.78%

Max(CAGR)

PAX

-5.24%

Winner

BWIN

+2.98%

PAX vs BWIN - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

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

PAX vs BWIN Drawdown Comparison

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

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

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

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

Correlation

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

-0.40

-101