IAU vs. PGR
IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price, while PGR (The Progressive Corporation) is a stock. Over the past 10 years, IAU returned 12.71%/yr vs 23.25%/yr for PGR. At a correlation of -0.01, they often move in opposite directions.
Performance
IAU vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, IAU achieves a 0.26% return, which is significantly higher than PGR's -6.42% return. Over the past 10 years, IAU has underperformed PGR with an annualized return of 12.71%, while PGR has yielded a comparatively higher 23.25% annualized return.
IAU
- 1D
- 0.20%
- 1M
- -8.43%
- YTD
- 0.26%
- 6M
- 3.08%
- 1Y
- 30.27%
- 3Y*
- 29.88%
- 5Y*
- 17.71%
- 10Y*
- 12.71%
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%
IAU vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | 0.26% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 12.91% |
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 IAU and PGR is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2005 | -0.01 |
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Return for Risk
IAU vs. PGR — Risk / Return Rank
IAU
PGR
IAU vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) 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.
| IAU | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.84 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | -0.94 | +2.46 |
| Martin ratioReturn relative to average drawdown | 3.80 | -1.43 | +5.23 |
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
| IAU | PGR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | -1.04 | +2.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.77 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.95 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.58 | +0.03 |
Drawdowns
IAU vs. PGR - Drawdown Comparison
The maximum IAU drawdown since its inception was -45.14%, smaller than the maximum PGR drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for IAU and PGR.
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Drawdown Indicators
| IAU | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.14% | -71.06% | +25.92% |
Max Drawdown (1Y)Largest decline over 1 year | -20.04% | -25.27% | +5.23% |
Max Drawdown (3Y)Largest decline over 3 years | -20.04% | -30.35% | +10.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.93% | -30.35% | +9.42% |
Max Drawdown (10Y)Largest decline over 10 years | -21.82% | -30.35% | +8.53% |
Current DrawdownCurrent decline from peak | -19.88% | -26.74% | +6.86% |
Average DrawdownAverage peak-to-trough decline | -15.97% | -14.53% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.99% | 18.79% | -10.80% |
Volatility
IAU vs. PGR - Volatility Comparison
The current volatility for iShares Gold Trust (IAU) is 5.64%, while The Progressive Corporation (PGR) has a volatility of 7.57%. This indicates that IAU 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
| IAU | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 7.57% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 23.33% | 16.95% | +6.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.68% | 22.76% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.02% | 24.55% | -6.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 24.48% | -8.54% |
Dividends
IAU vs. PGR - Dividend Comparison
IAU has not paid dividends to shareholders, while PGR's dividend yield for the trailing twelve months is around 6.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | 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 | 6.94% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
Frequently Asked Questions
IAU 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 (7.57%) compared to IAU (5.64%). In terms of maximum drawdown, IAU dropped -45.14% vs PGR's -71.06%.
IAU currently has the higher Sharpe Ratio (1.14 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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