BFC vs. PGR
BFC (Bank First Corporation) and PGR (The Progressive Corporation) are both stocks. Both are in the Financial Services sector — BFC in Banks - Regional, PGR in Insurance - Property & Casualty. Over the past 10 years, BFC returned 20.10%/yr vs 24.06%/yr for PGR. At a 0.07 correlation, their price movements are largely independent.
Performance
BFC vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, BFC achieves a 17.68% return, which is significantly higher than PGR's -3.10% return. Over the past 10 years, BFC has underperformed PGR with an annualized return of 20.10%, while PGR has yielded a comparatively higher 24.06% annualized return.
BFC
- 1D
- 0.10%
- 1M
- 0.67%
- YTD
- 17.68%
- 6M
- 9.81%
- 1Y
- 30.64%
- 3Y*
- 22.65%
- 5Y*
- 17.31%
- 10Y*
- 20.10%
PGR
- 1D
- 1.23%
- 1M
- 3.94%
- YTD
- -3.10%
- 6M
- -2.94%
- 1Y
- -15.71%
- 3Y*
- 19.57%
- 5Y*
- 19.56%
- 10Y*
- 24.06%
BFC vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BFC Bank First Corporation | 17.68% | 28.68% | 16.37% | -5.32% | 30.02% | 13.29% | -6.17% | 52.07% | 5.71% | 36.37% |
PGR The Progressive Corporation | -3.10% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
Correlation
The correlation between BFC and PGR is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2002 | 0.07 |
The correlation between BFC and PGR shifts across timeframes, from 0.07 (all time) to 0.18 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BFC:
$7.18
PGR:
$19.67
BFC:
19.88
PGR:
10.55
BFC:
3.15
PGR:
0.08
BFC:
5.51
PGR:
1.36
BFC:
$264.29M
PGR:
$89.43B
BFC:
$191.50M
PGR:
$25.44B
BFC:
$94.45M
PGR:
$15.15B
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Return for Risk
BFC vs. PGR — Risk / Return Rank
BFC
PGR
BFC vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank First Corporation (BFC) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BFC | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.90 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | -0.66 | +2.83 |
| Martin ratioReturn relative to average drawdown | 4.63 | -1.00 | +5.63 |
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Drawdowns
BFC vs. PGR - Drawdown Comparison
The maximum BFC drawdown since its inception was -82.02%, which is greater than PGR's maximum drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for BFC and PGR.
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Drawdown Indicators
| BFC | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.02% | -71.06% | -10.96% |
Max Drawdown (1Y)Largest decline over 1 year | -14.17% | -24.02% | +9.85% |
Max Drawdown (3Y)Largest decline over 3 years | -15.70% | -30.35% | +14.65% |
Max Drawdown (5Y)Largest decline over 5 years | -32.75% | -30.35% | -2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -39.78% | -30.35% | -9.43% |
Current DrawdownCurrent decline from peak | -5.59% | -24.14% | +18.55% |
Average DrawdownAverage peak-to-trough decline | -27.14% | -14.54% | -12.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.64% | 15.72% | -9.08% |
Volatility
BFC vs. PGR - Volatility Comparison
The current volatility for Bank First Corporation (BFC) is 6.06%, while The Progressive Corporation (PGR) has a volatility of 7.19%. This indicates that BFC experiences smaller price fluctuations and is considered to be less risky 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
| BFC | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 7.19% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 16.90% | 16.23% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.38% | 22.45% | +4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.26% | 24.54% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.35% | 24.49% | +5.86% |
Dividends
BFC vs. PGR - Dividend Comparison
BFC's dividend yield for the trailing twelve months is around 1.30%, less than PGR's 6.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFC Bank First Corporation | 1.30% | 4.35% | 1.56% | 1.33% | 1.01% | 1.58% | 1.25% | 1.14% | 1.46% | 1.43% | 1.77% | 2.23% |
PGR The Progressive Corporation | 6.70% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
Financials
BFC vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between Bank First Corporation 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
BFC vs. PGR - Profitability Comparison
BFC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bank First Corporation reported a gross profit of 63.91M and revenue of 84.30M. Therefore, the gross margin over that period was 75.8%.
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 8.35B and revenue of 22.18B. Therefore, the gross margin over that period was 37.7%.
BFC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bank First Corporation reported an operating income of 24.69M and revenue of 84.30M, resulting in an operating margin of 29.3%.
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 3.57B and revenue of 22.18B, resulting in an operating margin of 16.1%.
BFC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bank First Corporation reported a net income of 19.99M and revenue of 84.30M, resulting in a net margin of 23.7%.
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 2.82B and revenue of 22.18B, resulting in a net margin of 12.7%.
Frequently Asked Questions
BFC and PGR have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGR has higher volatility (7.19%) compared to BFC (6.06%). In terms of maximum drawdown, BFC dropped -82.02% vs PGR's -71.06%.
BFC currently has the higher Sharpe Ratio (1.13 vs -0.70), 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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