PGR vs SPY
Comparison between Progressive Corp (PGR, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformancePGR has outperformed SPY, delivering a return of +15.6% compared to +13.3%
PGR vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
PGR
$115B
Winner
SPY
$652B
Expense Ratio
PGR
N/A
SPY
0.09%
Max Drawdown
PGR
68.07%
Winner
SPY
56.47%
Sharpe Ratio
PGR
-1.53
Winner
SPY
2.07
5Y Beta
Winner
PGR
0.23
SPY
1.00
Industry
PGR
Insurance - Property & Casualty
SPY
N/A
P/E Ratio
Winner
PGR
10.32
SPY
28.24
Forward P/E
Winner
PGR
12.08
SPY
21.85
PEG Ratio
PGR
0.19
SPY
N/A
Dividend Yield
PGR
7.10%
SPY
N/A
5Y Dividends CAGR
Winner
PGR
23.36%
SPY
5.43%
5Y EPS CAGR
PGR
24.68%
Winner
SPY
25.79%
Debt to Equity
Winner
PGR
0.00%
SPY
22.35%
Free Cash Flow Yield
PGR
14.25%
SPY
N/A
P/S Ratio
Winner
PGR
1.28
SPY
3.55
P/B Ratio
Winner
PGR
3.59
SPY
5.29
PGR vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
PGR
-2.06%
Winner
SPY
+9.11%
3M
PGR
-3.69%
Winner
SPY
+6.59%
6M
PGR
-4.94%
Winner
SPY
+10.56%
1Y
PGR
-27.20%
Winner
SPY
+32.04%
5Y(CAGR)
Winner
PGR
+15.59%
SPY
+13.35%
10Y(CAGR)
Winner
PGR
+22.69%
SPY
+15.49%
Max(CAGR)
Winner
PGR
+15.73%
SPY
+8.50%
PGR vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PGR | SPY |
|---|---|---|
| 2026 | -8.50% | +8.27% |
| 2025 | -3.42% | +18.00% |
| 2024 | +49.19% | +25.59% |
| 2023 | +22.75% | +26.72% |
| 2022 | +27.61% | -18.64% |
| 2021 | +12.82% | +30.52% |
| 2020 | +37.82% | +17.28% |
| 2019 | +27.38% | +31.09% |
| 2018 | +11.27% | -5.24% |
| 2017 | +61.44% | +20.78% |
| 2016 | +17.40% | +13.59% |
| 2015 | +20.73% | +1.31% |
| 2014 | +5.37% | +14.56% |
| 2013 | +27.31% | +29.00% |
| 2012 | +16.47% | +14.17% |
| 2011 | -1.03% | +0.85% |
| 2010 | +16.89% | +13.14% |
| 2009 | +19.22% | +22.67% |
| 2008 | -19.21% | -36.25% |
| 2007 | -13.13% | +5.32% |
| 2006 | -16.03% | +13.85% |
| 2005 | +33.55% | +5.32% |
| 2004 | +3.09% | +10.75% |
| 2003 | +63.80% | +24.18% |
| 2002 | +0.78% | -22.42% |
| 2001 | +50.19% | -10.13% |
| 2000 | +47.09% | -8.84% |
| 1999 | -20.65% | +8.61% |
PGR vs SPY Drawdown Comparison
The maximum drawdown for PGR was -64.61%, occurring on Mar 9, 2009. Recovery took 1811 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PGR drawdown is -29.00%.
| Rank | PGR | SPY |
|---|---|---|
| #1 | -64.61% Dec 1, 2005 - Feb 13, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -49.05% Nov 8, 1999 - May 24, 2000 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -36.24% May 24, 2000 - Nov 14, 2000 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -29.97% Mar 17, 2025 - Nov 3, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -23.64% Dec 8, 2000 - Apr 19, 2001 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -22.91% Apr 10, 2023 - Oct 13, 2023 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -22.39% May 30, 2002 - Mar 21, 2003 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -22.31% Nov 8, 2018 - Feb 13, 2019 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -20.64% Feb 13, 2020 - Jul 14, 2020 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -18.84% Jul 12, 2019 - Jan 30, 2020 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -18.71% Apr 22, 2004 - Oct 26, 2004 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -16.26% Dec 2, 2013 - Nov 12, 2014 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -15.78% May 14, 2021 - Jan 6, 2022 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -15.16% Jun 18, 2003 - Nov 13, 2003 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -14.94% Nov 4, 2004 - Jun 1, 2005 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PGR and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (1999 - 2026)
PGR vs SPY dividend yield comparison.
| Year | PGR | SPY |
|---|---|---|
| 2026 | 7.06% | 0.24% |
| 2025 | 2.15% | 1.07% |
| 2024 | 0.48% | 1.21% |
| 2023 | 0.25% | 1.40% |
| 2022 | 0.31% | 1.65% |
| 2021 | 6.23% | 1.20% |
| 2020 | 2.68% | 1.52% |
| 2019 | 3.89% | 1.75% |
| 2018 | 1.86% | 2.04% |
| 2017 | 1.21% | 1.80% |
| 2016 | 2.50% | 2.03% |
| 2015 | 2.16% | 2.06% |
| 2014 | 3.71% | 1.87% |
| 2013 | 1.04% | 1.81% |
| 2012 | 6.67% | 2.18% |
| 2011 | 2.04% | 2.05% |
| 2010 | 5.84% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.98% | 3.02% |
| 2007 | 10.44% | 1.85% |
| 2006 | 0.13% | 1.73% |
| 2005 | 0.10% | 1.73% |
| 2004 | 0.13% | 1.82% |
| 2003 | 0.12% | 1.47% |
| 2002 | 0.20% | 1.70% |
| 2001 | 0.19% | 1.25% |
| 2000 | 0.26% | 1.15% |
| 1999 | 0.09% | 0.24% |
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