FCNCA vs. PGR
FCNCA (First Citizens BancShares, Inc.) and PGR (The Progressive Corporation) are both stocks. Both are in the Financial Services sector — FCNCA in Banks - Regional, PGR in Insurance - Property & Casualty. Over the past 10 years, FCNCA returned 23.90%/yr vs 23.25%/yr for PGR. At a 0.26 correlation, their price movements are largely independent.
Performance
FCNCA vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, FCNCA achieves a -3.15% return, which is significantly higher than PGR's -6.42% return. Both investments have delivered pretty close results over the past 10 years, with FCNCA having a 23.90% annualized return and PGR not far behind at 23.25%.
FCNCA
- 1D
- -0.04%
- 1M
- 6.38%
- YTD
- -3.15%
- 6M
- 5.50%
- 1Y
- 12.21%
- 3Y*
- 17.76%
- 5Y*
- 19.48%
- 10Y*
- 23.90%
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%
FCNCA vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCNCA First Citizens BancShares, Inc. | -3.15% | 1.99% | 49.46% | 87.73% | -8.35% | 44.83% | 8.35% | 41.64% | -6.12% | 13.92% |
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 FCNCA and PGR is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 1992 | 0.26 |
The correlation between FCNCA and PGR shifts across timeframes, from 0.08 (1 year) to 0.28 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
FCNCA:
$179.22
PGR:
$19.23
FCNCA:
11.57
PGR:
10.41
FCNCA:
0.05
PGR:
0.08
FCNCA:
1.81
PGR:
1.34
FCNCA:
$14.45B
PGR:
$87.65B
FCNCA:
$9.08B
PGR:
$23.23B
FCNCA:
$3.47B
PGR:
$14.81B
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Return for Risk
FCNCA vs. PGR — Risk / Return Rank
FCNCA
PGR
FCNCA vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Citizens BancShares, Inc. (FCNCA) 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.
| FCNCA | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.84 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | -0.94 | +1.45 |
| Martin ratioReturn relative to average drawdown | 1.10 | -1.43 | +2.53 |
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
| FCNCA | PGR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | -1.04 | +1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.77 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.95 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.58 | -0.15 |
Drawdowns
FCNCA vs. PGR - Drawdown Comparison
The maximum FCNCA drawdown since its inception was -63.51%, smaller than the maximum PGR drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for FCNCA and PGR.
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Drawdown Indicators
| FCNCA | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.51% | -71.06% | +7.55% |
Max Drawdown (1Y)Largest decline over 1 year | -24.00% | -25.27% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -33.51% | -30.35% | -3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -43.63% | -30.35% | -13.28% |
Max Drawdown (10Y)Largest decline over 10 years | -47.48% | -30.35% | -17.13% |
Current DrawdownCurrent decline from peak | -11.23% | -26.74% | +15.51% |
Average DrawdownAverage peak-to-trough decline | -13.96% | -14.53% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.14% | 18.79% | -7.65% |
Volatility
FCNCA vs. PGR - Volatility Comparison
First Citizens BancShares, Inc. (FCNCA) and The Progressive Corporation (PGR) have volatilities of 7.59% and 7.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCNCA | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.59% | 7.57% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 20.44% | 16.95% | +3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.75% | 22.76% | +4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.74% | 24.55% | +17.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.11% | 24.48% | +13.63% |
Dividends
FCNCA vs. PGR - Dividend Comparison
FCNCA's dividend yield for the trailing twelve months is around 0.40%, less than PGR's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNCA First Citizens BancShares, Inc. | 0.40% | 0.37% | 0.33% | 0.27% | 0.28% | 0.23% | 0.29% | 0.30% | 0.38% | 0.31% | 0.34% | 0.46% |
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
FCNCA vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between First Citizens BancShares, 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
FCNCA vs. PGR - Profitability Comparison
FCNCA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Citizens BancShares, Inc. reported a gross profit of 2.31B and revenue of 3.48B. Therefore, the gross margin over that period was 66.5%.
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%.
FCNCA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Citizens BancShares, Inc. reported an operating income of 705.00M and revenue of 3.48B, resulting in an operating margin of 20.3%.
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 3.68B and revenue of 22.74B, resulting in an operating margin of 16.2%.
FCNCA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Citizens BancShares, Inc. reported a net income of 534.00M and revenue of 3.48B, resulting in a net margin of 15.4%.
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
FCNCA and PGR have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCNCA has higher volatility (7.59%) compared to PGR (7.57%). In terms of maximum drawdown, FCNCA dropped -63.51% vs PGR's -71.06%.
FCNCA currently has the higher Sharpe Ratio (0.44 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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