HLNE vs. PGR
HLNE (Hamilton Lane Incorporated) and PGR (The Progressive Corporation) are both stocks. Both are in the Financial Services sector — HLNE in Asset Management, PGR in Insurance - Property & Casualty. Over the past 5 years, HLNE returned 0.96%/yr vs 19.95%/yr for PGR. Their 0.21 correlation means their historical movements had little consistent relationship.
Performance
HLNE vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, HLNE achieves a -32.95% return, which is significantly lower than PGR's -1.17% return.
HLNE
- 1D
- -0.04%
- 1M
- 11.47%
- 6M
- -36.24%
- YTD
- -32.95%
- 1Y
- -38.60%
- 3Y*
- 1.99%
- 5Y*
- 0.96%
- 10Y*
- —
- ALL TIME*
- 20.88%
PGR
- 1D
- -0.87%
- 1M
- -8.96%
- 6M
- 1.74%
- YTD
- -1.17%
- 1Y
- -6.61%
- 3Y*
- 21.99%
- 5Y*
- 19.95%
- 10Y*
- 23.97%
- ALL TIME*
- 16.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $62.39M | $61.00M | $76.57M | |
| $553.97M | $662.84M | $690.26M |
HLNE vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLNE Hamilton Lane Incorporated | -32.95% | -7.90% | 32.40% | 81.36% | -36.98% | 34.74% | 33.55% | 64.25% | 6.61% | 102.46% |
PGR The Progressive Corporation | -1.17% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 43.75% |
Correlation
The correlation between HLNE and PGR is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2017 | 0.21 |
The correlation between HLNE and PGR shifts across timeframes, from 0.05 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Fundamentals
HLNE:
$4.94B
PGR:
$122.92B
HLNE:
$4.28
PGR:
$19.67
HLNE:
20.75
PGR:
10.75
HLNE:
1.53
PGR:
0.08
HLNE:
6.35
PGR:
1.39
HLNE:
$763.40M
PGR:
$89.43B
HLNE:
$528.54M
PGR:
$25.44B
HLNE:
$446.22M
PGR:
$15.15B
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Return for Risk
HLNE vs. PGR — Risk / Return Rank
HLNE
PGR
HLNE vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Lane Incorporated (HLNE) 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.
| HLNE | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.97 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.35 | -0.41 |
| Martin ratioReturn relative to average drawdown | -1.30 | -0.59 | -0.71 |
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Drawdowns
HLNE vs. PGR - Drawdown Comparison
The maximum HLNE drawdown since its inception was -62.26%, smaller than the maximum PGR drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for HLNE and PGR.
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Drawdown Indicators
| HLNE | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.26% | -71.06% | +8.80% |
Max Drawdown (1Y)Largest decline over 1 year | -53.19% | -19.79% | -33.40% |
Max Drawdown (3Y)Largest decline over 3 years | -62.26% | -30.35% | -31.91% |
Max Drawdown (5Y)Largest decline over 5 years | -62.26% | -30.35% | -31.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.35% | — |
Current DrawdownCurrent decline from peak | -54.52% | -22.63% | -31.89% |
Average DrawdownAverage peak-to-trough decline | -16.67% | -14.55% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.22% | 11.87% | +19.35% |
Volatility
HLNE vs. PGR - Volatility Comparison
The current volatility for Hamilton Lane Incorporated (HLNE) is 9.99%, while The Progressive Corporation (PGR) has a volatility of 13.17%. This indicates that HLNE 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
| HLNE | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.99% | 13.17% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 33.44% | 20.69% | +12.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.76% | 25.68% | +15.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.59% | 25.26% | +11.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.56% | 24.85% | +11.71% |
Dividends
HLNE vs. PGR - Dividend Comparison
HLNE's dividend yield for the trailing twelve months is around 2.50%, less than PGR's 6.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLNE Hamilton Lane Incorporated | 2.50% | 1.57% | 1.29% | 1.53% | 2.43% | 1.31% | 1.55% | 1.74% | 2.20% | 1.48% | 0.00% | 0.00% |
PGR The Progressive Corporation | 6.57% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
Financials
HLNE vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between Hamilton Lane Incorporated 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
HLNE vs. PGR - Profitability Comparison
HLNE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Hamilton Lane Incorporated reported a gross profit of 137.70M and revenue of 198.59M. Therefore, the gross margin over that period was 69.3%.
PGR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
HLNE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Hamilton Lane Incorporated reported an operating income of 86.01M and revenue of 198.59M, resulting in an operating margin of 43.3%.
PGR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, The Progressive Corporation reported an operating income of 3.57B and revenue of 22.18B, resulting in an operating margin of 16.1%.
HLNE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Hamilton Lane Incorporated reported a net income of 58.37M and revenue of 198.59M, resulting in a net margin of 29.4%.
PGR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
HLNE and PGR have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGR has higher volatility (13.17%) compared to HLNE (9.99%). In terms of maximum drawdown, HLNE dropped -62.26% vs PGR's -71.06%.
PGR currently has the higher Sharpe Ratio (-0.27 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.
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