AMAT vs. PGR
AMAT (Applied Materials, Inc.) and PGR (The Progressive Corporation) are both stocks. AMAT operates in Semiconductor Equipment & Materials (Technology), while PGR operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, AMAT returned 36.71%/yr vs 23.25%/yr for PGR. At a 0.22 correlation, their price movements are largely independent.
Performance
AMAT vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, AMAT achieves a 91.99% return, which is significantly higher than PGR's -6.42% return. Over the past 10 years, AMAT has outperformed PGR with an annualized return of 36.71%, while PGR has yielded a comparatively lower 23.25% annualized return.
AMAT
- 1D
- 8.64%
- 1M
- 13.17%
- YTD
- 91.99%
- 6M
- 83.99%
- 1Y
- 197.34%
- 3Y*
- 54.75%
- 5Y*
- 30.69%
- 10Y*
- 36.71%
PGR
- 1D
- -1.84%
- 1M
- 3.23%
- YTD
- -6.42%
- 6M
- -4.51%
- 1Y
- -23.65%
- 3Y*
- 18.74%
- 5Y*
- 18.76%
- 10Y*
- 23.25%
AMAT vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 91.99% | 59.60% | 1.13% | 67.97% | -37.54% | 83.64% | 43.29% | 89.86% | -34.92% | 59.86% |
PGR The Progressive Corporation | -6.42% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
Correlation
The correlation between AMAT and PGR is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 1986 | 0.22 |
The correlation between AMAT and PGR shifts across timeframes, from -0.30 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AMAT:
$10.61
PGR:
$19.23
AMAT:
46.38
PGR:
10.41
AMAT:
5.90
PGR:
0.08
AMAT:
13.60
PGR:
1.34
AMAT:
$29.02B
PGR:
$87.65B
AMAT:
$14.21B
PGR:
$23.23B
AMAT:
$9.92B
PGR:
$14.81B
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Return for Risk
AMAT vs. PGR — Risk / Return Rank
AMAT
PGR
AMAT vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Materials, Inc. (AMAT) and The Progressive Corporation (PGR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AMAT | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.20 | ||
| Sortino ratioReturn per unit of downside risk | +5.23 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 0.84 | +0.71 |
| Calmar ratioReturn relative to maximum drawdown | 9.29 | -0.94 | +10.23 |
| Martin ratioReturn relative to average drawdown | 26.48 | -1.43 | +27.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMAT | PGR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.15 | -1.04 | +5.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.77 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.95 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.58 | -0.15 |
Drawdowns
AMAT vs. PGR - Drawdown Comparison
The maximum AMAT drawdown since its inception was -85.22%, which is greater than PGR's maximum drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for AMAT and PGR.
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Drawdown Indicators
| AMAT | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.22% | -71.06% | -14.16% |
Max Drawdown (1Y)Largest decline over 1 year | -21.37% | -25.27% | +3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -49.88% | -30.35% | -19.53% |
Max Drawdown (5Y)Largest decline over 5 years | -55.14% | -30.35% | -24.79% |
Max Drawdown (10Y)Largest decline over 10 years | -55.14% | -30.35% | -24.79% |
Current DrawdownCurrent decline from peak | -1.90% | -26.74% | +24.84% |
Average DrawdownAverage peak-to-trough decline | -38.80% | -14.53% | -24.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 18.79% | -11.30% |
Volatility
AMAT vs. PGR - Volatility Comparison
Applied Materials, Inc. (AMAT) has a higher volatility of 19.01% compared to The Progressive Corporation (PGR) at 7.57%. This indicates that AMAT's price experiences larger fluctuations and is considered to be riskier than PGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMAT | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.01% | 7.57% | +11.44% |
Volatility (6M)Calculated over the trailing 6-month period | 37.52% | 16.95% | +20.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.94% | 22.76% | +25.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.93% | 24.55% | +19.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.81% | 24.48% | +18.33% |
Dividends
AMAT vs. PGR - Dividend Comparison
AMAT's dividend yield for the trailing twelve months is around 0.39%, less than PGR's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 0.39% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% |
PGR The Progressive Corporation | 6.94% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
Financials
AMAT vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between Applied Materials, Inc. and The Progressive Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AMAT vs. PGR - Profitability Comparison
AMAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a gross profit of 3.95B and revenue of 7.91B. Therefore, the gross margin over that period was 49.9%.
PGR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Progressive Corporation reported a gross profit of 6.66B and revenue of 22.74B. Therefore, the gross margin over that period was 29.3%.
AMAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported an operating income of 2.52B and revenue of 7.91B, resulting in an operating margin of 31.9%.
PGR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Progressive Corporation reported an operating income of 3.68B and revenue of 22.74B, resulting in an operating margin of 16.2%.
AMAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a net income of 2.81B and revenue of 7.91B, resulting in a net margin of 35.5%.
PGR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Progressive Corporation reported a net income of 2.95B and revenue of 22.74B, resulting in a net margin of 13.0%.
Frequently Asked Questions
AMAT and PGR have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMAT has higher volatility (19.01%) compared to PGR (7.57%). In terms of maximum drawdown, AMAT dropped -85.22% vs PGR's -71.06%.
AMAT currently has the higher Sharpe Ratio (4.15 vs -1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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