CWST vs. PGR
CWST (Casella Waste Systems, Inc.) and PGR (The Progressive Corporation) are both stocks. CWST operates in Waste Management (Industrials), while PGR operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, CWST returned 26.34%/yr vs 23.82%/yr for PGR. At a 0.23 correlation, their price movements are largely independent.
Performance
CWST vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, CWST achieves a -4.46% return, which is significantly lower than PGR's -0.79% return. Over the past 10 years, CWST has outperformed PGR with an annualized return of 26.34%, while PGR has yielded a comparatively lower 23.82% annualized return.
CWST
- 1D
- -2.23%
- 1M
- 7.58%
- 6M
- -11.85%
- YTD
- -4.46%
- 1Y
- -13.31%
- 3Y*
- 2.21%
- 5Y*
- 7.32%
- 10Y*
- 26.34%
- ALL TIME*
- 5.05%
PGR
- 1D
- 2.06%
- 1M
- 3.64%
- 6M
- 4.97%
- YTD
- -0.79%
- 1Y
- -8.28%
- 3Y*
- 23.12%
- 5Y*
- 20.34%
- 10Y*
- 23.82%
- ALL TIME*
- 16.86%
CWST vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWST Casella Waste Systems, Inc. | -4.46% | -7.44% | 23.81% | 7.75% | -7.15% | 37.89% | 34.59% | 61.57% | 23.76% | 85.50% |
PGR The Progressive Corporation | -0.79% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
Correlation
The correlation between CWST and PGR is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 1997 | 0.23 |
The correlation between CWST and PGR shifts across timeframes, from 0.15 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CWST:
$5.86B
PGR:
$123.39B
CWST:
$0.11
PGR:
$19.67
CWST:
832.32
PGR:
10.79
CWST:
3.17
PGR:
1.39
CWST:
$1.88B
PGR:
$89.43B
CWST:
$248.24M
PGR:
$25.44B
CWST:
$405.88M
PGR:
$15.15B
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Return for Risk
CWST vs. PGR — Risk / Return Rank
CWST
PGR
CWST vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Casella Waste Systems, Inc. (CWST) 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.
| CWST | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.96 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | -0.42 | +0.01 |
| Martin ratioReturn relative to average drawdown | -0.75 | -0.71 | -0.04 |
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Drawdowns
CWST vs. PGR - Drawdown Comparison
The maximum CWST drawdown since its inception was -98.52%, which is greater than PGR's maximum drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for CWST and PGR.
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Drawdown Indicators
| CWST | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.52% | -71.06% | -27.46% |
Max Drawdown (1Y)Largest decline over 1 year | -32.56% | -19.79% | -12.77% |
Max Drawdown (3Y)Largest decline over 3 years | -37.72% | -30.35% | -7.37% |
Max Drawdown (5Y)Largest decline over 5 years | -37.72% | -30.35% | -7.37% |
Max Drawdown (10Y)Largest decline over 10 years | -37.72% | -30.35% | -7.37% |
Current DrawdownCurrent decline from peak | -22.26% | -22.33% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -52.91% | -14.55% | -38.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.80% | 11.71% | +6.09% |
Volatility
CWST vs. PGR - Volatility Comparison
The current volatility for Casella Waste Systems, Inc. (CWST) is 11.67%, while The Progressive Corporation (PGR) has a volatility of 14.04%. This indicates that CWST 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
| CWST | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.67% | 14.04% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 28.86% | 20.19% | +8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.12% | 25.34% | +9.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.64% | 25.16% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.00% | 24.79% | +6.21% |
Dividends
CWST vs. PGR - Dividend Comparison
CWST has not paid dividends to shareholders, while PGR's dividend yield for the trailing twelve months is around 6.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWST Casella Waste Systems, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PGR The Progressive Corporation | 6.55% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
Financials
CWST vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between Casella Waste Systems, 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
CWST vs. PGR - Profitability Comparison
CWST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Casella Waste Systems, Inc. reported a gross profit of 0.00 and revenue of 457.33M. 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 Jul 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%.
CWST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Casella Waste Systems, Inc. reported an operating income of 4.86M and revenue of 457.33M, resulting in an operating margin of 1.1%.
PGR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, The Progressive Corporation reported an operating income of 3.57B and revenue of 22.18B, resulting in an operating margin of 16.1%.
CWST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Casella Waste Systems, Inc. reported a net income of -5.54M and revenue of 457.33M, resulting in a net margin of -1.2%.
PGR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
CWST and PGR have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGR has higher volatility (14.04%) compared to CWST (11.67%). In terms of maximum drawdown, CWST dropped -98.52% vs PGR's -71.06%.
PGR currently has the higher Sharpe Ratio (-0.33 vs -0.38), 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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