CI vs. PGR

Last updated Jun 6, 2026

CI (Cigna Corporation) and PGR (The Progressive Corporation) are both stocks. CI operates in Healthcare Plans (Healthcare), while PGR operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, CI returned 9.53%/yr vs 23.53%/yr for PGR. At a 0.31 correlation, their price movements are largely independent.

Performance

CI vs. PGR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cigna Corporation (CI) and The Progressive Corporation (PGR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CI achieves a 6.37% return, which is significantly higher than PGR's -4.67% return. Over the past 10 years, CI has underperformed PGR with an annualized return of 9.53%, while PGR has yielded a comparatively higher 23.53% annualized return.

CI

• 1D: 3.14%
• 1M: 3.25%
• YTD: 6.37%
• 6M: 10.29%
• 1Y: -4.86%
• 3Y*: 5.21%
• 5Y*: 4.73%
• 10Y*: 9.53%

PGR

• 1D: 4.42%
• 1M: 3.67%
• YTD: -4.67%
• 6M: -2.60%
• 1Y: -22.46%
• 3Y*: 19.82%
• 5Y*: 17.85%
• 10Y*: 23.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CI vs. PGR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CI Cigna Corporation	6.37%	1.72%	-6.27%	-7.97%	46.68%	12.29%	1.83%	7.70%	-6.46%	52.29%
PGR The Progressive Corporation	-4.67%	-3.02%	51.39%	23.16%	26.81%	10.84%	41.48%	25.14%	9.39%	61.59%

Correlation

The correlation between CI and PGR is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jul 10, 1986	0.31

Fundamentals

EPS CI : $23.59 PGR : $19.23
PE Ratio CI : 12.27 PGR : 10.61
PEG Ratio CI : 0.71 PGR : 0.08
PS Ratio CI : 0.28 PGR : 1.37
Total Revenue (TTM) CI : $277.94B PGR : $87.65B
Gross Profit (TTM) CI : $19.38B PGR : $23.23B
EBITDA (TTM) CI : $10.03B PGR : $14.81B

Return for Risk

CI vs. PGR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CI

CI Risk / Return Rank: 34
CI Sharpe Ratio Rank: 35
CI Sortino Ratio Rank: 31
CI Omega Ratio Rank: 31
CI Calmar Ratio Rank: 35
CI Martin Ratio Rank: 36

PGR

PGR Risk / Return Rank: 9
PGR Sharpe Ratio Rank: 5
PGR Sortino Ratio Rank: 7
PGR Omega Ratio Rank: 9
PGR Calmar Ratio Rank: 10
PGR Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CI vs. PGR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cigna Corporation (CI) 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.

	CI	PGR	Difference
Sharpe ratio: Return per unit of total volatility	-0.15	-1.00	+0.85
Sortino ratio: Return per unit of downside risk	0.03	-1.33	+1.36
Omega ratio: Gain probability vs. loss probability	1.00	0.85	+0.16
Calmar ratio: Return relative to maximum drawdown	-0.18	-0.82	+0.64
Martin ratio: Return relative to average drawdown	-0.34	-1.20	+0.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CI vs. PGR - Sharpe Ratio Comparison

The current CI Sharpe Ratio is -0.15, which is higher than the PGR Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of CI and PGR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CI	PGR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.15	-1.00	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.73	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.96	-0.65
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.58	-0.24

Drawdowns

CI vs. PGR - Drawdown Comparison

The maximum CI drawdown since its inception was -84.34%, which is greater than PGR's maximum drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for CI and PGR.

Drawdown Indicators

	CI	PGR	Difference
Max Drawdown Largest peak-to-trough decline	-84.34%	-71.06%	-13.28%
Max Drawdown (1Y) Largest decline over 1 year	-26.54%	-27.41%	+0.87%
Max Drawdown (3Y) Largest decline over 3 years	-32.10%	-30.35%	-1.75%
Max Drawdown (5Y) Largest decline over 5 years	-32.10%	-30.35%	-1.75%
Max Drawdown (10Y) Largest decline over 10 years	-42.47%	-30.35%	-12.12%
Current Drawdown Current decline from peak	-18.21%	-25.37%	+7.16%
Average Drawdown Average peak-to-trough decline	-18.82%	-14.53%	-4.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.51%	18.97%	-4.46%

Volatility

CI vs. PGR - Volatility Comparison

Cigna Corporation (CI) has a higher volatility of 9.35% compared to The Progressive Corporation (PGR) at 7.32%. This indicates that CI'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.

Volatility by Period

	CI	PGR	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.35%	7.32%	+2.03%
Volatility (6M) Calculated over the trailing 6-month period	18.86%	16.85%	+2.01%
Volatility (1Y) Calculated over the trailing 1-year period	33.18%	22.65%	+10.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.43%	24.59%	+3.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.75%	24.47%	+6.28%

Dividends

CI vs. PGR - Dividend Comparison

CI's dividend yield for the trailing twelve months is around 2.12%, less than PGR's 6.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CI Cigna Corporation	2.12%	2.19%	2.03%	1.64%	1.35%	1.74%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%
PGR The Progressive Corporation	6.81%	2.15%	0.48%	0.25%	0.31%	6.23%	2.68%	3.89%	1.86%	1.21%	2.50%	2.16%

Financials

CI vs. PGR - Profitability Comparison

The chart below illustrates the profitability comparison between Cigna Corporation and The Progressive Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cigna Corporation reported a gross profit of 0.00 and revenue of 68.49B. Therefore, the gross margin over that period was 0.0%.

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%.

CI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cigna Corporation reported an operating income of 2.36B and revenue of 68.49B, resulting in an operating margin of 3.4%.

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%.

CI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cigna Corporation reported a net income of 1.65B and revenue of 68.49B, resulting in a net margin of 2.4%.

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

Can I hold both CI and PGR in my portfolio?

CI and PGR have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CI or PGR?

CI has higher volatility (9.35%) compared to PGR (7.32%). In terms of maximum drawdown, CI dropped -84.34% vs PGR's -71.06%.

Which has better risk-adjusted returns?

CI currently has the higher Sharpe Ratio (-0.15 vs -1.00), 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.