AROW vs DGICA
Comparison between Arrow Financial Corp (AROW, Company) and Donegal Group Inc - Class A (DGICA, Company).
Both AROW and DGICA are from the Financial Services sector.
5-Year PerformanceDGICA has outperformed AROW, delivering a return of +8.7% compared to +7.8%
AROW vs DGICA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
AROW vs DGICA - Historical Returns
Returns include dividend reinvestment.
AROW vs DGICA - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | AROW | DGICA |
|---|---|---|
| 2026 | +27.18% | -3.05% |
| 2025 | +17.66% | +36.68% |
| 2024 | +5.92% | +14.50% |
| 2023 | -10.97% | +1.91% |
| 2022 | +0.76% | +3.83% |
| 2021 | +25.05% | +5.02% |
| 2020 | -15.20% | -1.22% |
| 2019 | +22.67% | +12.45% |
| 2018 | -0.20% | -17.99% |
| 2017 | -11.19% | +0.61% |
| 2016 | +57.24% | +28.96% |
| 2015 | +6.47% | -8.72% |
| 2014 | +11.38% | +5.96% |
| 2013 | +13.39% | +17.02% |
| 2012 | +13.65% | -2.28% |
| 2011 | -7.10% | -3.86% |
| 2010 | +17.45% | -4.56% |
| 2009 | +12.41% | -2.86% |
| 2008 | +23.36% | +2.69% |
| 2007 | -4.04% | -12.26% |
| 2006 | +2.91% | +15.79% |
| 2005 | -4.40% | +36.10% |
| 2004 | +17.35% | +7.02% |
| 2003 | +16.38% | +106.22% |
| 2002 | +12.35% | +7.35% |
| 2001 | +70.42% | +1.62% |
| 2000 | +5.76% | N/A |
| 1999 | -4.87% | N/A |
AROW vs DGICA Drawdown Comparison
The maximum drawdown for AROW was -50.55%, occurring on Aug 23, 2023. Recovery took 681 trading sessions.
The maximum drawdown for DGICA was -43.35%, occurring on Aug 24, 2010. Recovery took 2542 trading sessions.
The current AROW drawdown is -7.91%. The current DGICA drawdown is -10.08%.
| Rank | AROW | DGICA |
|---|---|---|
| #1 | -50.55% Nov 5, 2021 - Jul 25, 2024 | -43.35% Apr 19, 2006 - May 24, 2016 |
| #2 | -36.69% Dec 26, 2019 - Mar 10, 2021 | -36.27% Jun 6, 2001 - Apr 28, 2003 |
| #3 | -30.24% Sep 30, 2008 - Aug 4, 2009 | -30.32% Dec 15, 2017 - Apr 15, 2021 |
| #4 | -29.91% Nov 11, 2024 - Dec 16, 2025 | -30.16% Dec 29, 2003 - Dec 23, 2004 |
| #5 | -27.32% Nov 1, 1999 - Dec 14, 2000 | -22.29% Jul 1, 2022 - Oct 24, 2024 |
| #6 | -25.91% Aug 7, 2002 - Dec 16, 2002 | -20.42% Dec 18, 2025 - May 4, 2026 |
| #7 | -24.65% Dec 2, 2004 - Apr 21, 2008 | -19.72% Feb 16, 2005 - Jul 22, 2005 |
| #8 | -24.42% Dec 20, 2016 - Jul 25, 2018 | -19.53% Sep 11, 2003 - Oct 30, 2003 |
| #9 | -24.29% Apr 21, 2008 - Aug 11, 2008 | -18.83% May 19, 2025 - Nov 26, 2025 |
| #10 | -23.80% Apr 29, 2010 - Nov 29, 2010 | -18.66% Mar 17, 2017 - Nov 20, 2017 |
| #11 | -20.90% May 8, 2002 - Aug 7, 2002 | -16.97% Jun 23, 2003 - Jul 23, 2003 |
| #12 | -20.00% Dec 22, 2010 - Jan 27, 2012 | -16.48% Apr 16, 2021 - May 17, 2022 |
| #13 | -19.46% Sep 18, 2008 - Sep 30, 2008 | -14.90% Dec 2, 2024 - Feb 25, 2025 |
| #14 | -18.84% Aug 14, 2018 - Nov 19, 2019 | -13.96% May 1, 2003 - Jun 5, 2003 |
| #15 | -18.65% Dec 16, 2002 - Jul 7, 2003 | -13.62% Dec 28, 2004 - Feb 11, 2005 |
Correlation
Correlation between AROW and DGICA is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
AROW vs DGICA dividend yield comparison.
| Year | AROW | DGICA |
|---|---|---|
| 2026 | 1.53% | 2.03% |
| 2025 | 3.63% | 3.60% |
| 2024 | 3.80% | 4.44% |
| 2023 | 3.78% | 4.82% |
| 2022 | 3.12% | 4.61% |
| 2021 | 2.89% | 4.41% |
| 2020 | 3.40% | 4.23% |
| 2019 | 2.69% | 3.90% |
| 2018 | 3.12% | 4.16% |
| 2017 | 2.88% | 3.22% |
| 2016 | 2.42% | 3.13% |
| 2015 | 3.63% | 3.81% |
| 2014 | 5.47% | 3.27% |
| 2013 | 5.65% | 3.18% |
| 2012 | 5.95% | 3.47% |
| 2011 | 7.16% | 3.35% |
| 2010 | 6.30% | 3.16% |
| 2009 | 7.27% | 2.85% |
| 2008 | 3.90% | 2.42% |
| 2007 | 7.67% | 2.05% |
| 2006 | 7.01% | 1.65% |
| 2005 | 6.69% | 1.68% |
| 2004 | 5.92% | 2.05% |
| 2003 | 3.01% | 1.95% |
| 2002 | 8.21% | 3.72% |
| 2001 | 7.92% | 2.88% |
| 2000 | 4.13% | 0.00% |
| 1999 | 0.98% | 0.00% |
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