IDXX vs. PGR
IDXX (IDEXX Laboratories, Inc.) and PGR (The Progressive Corporation) are both stocks. IDXX operates in Diagnostics & Research (Healthcare), while PGR operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, IDXX returned 20.14%/yr vs 23.64%/yr for PGR. At a 0.21 correlation, their price movements are largely independent.
Performance
IDXX vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, IDXX achieves a -17.09% return, which is significantly lower than PGR's -5.09% return. Over the past 10 years, IDXX has underperformed PGR with an annualized return of 20.14%, while PGR has yielded a comparatively higher 23.64% annualized return.
IDXX
- 1D
- 0.53%
- 1M
- 6.09%
- YTD
- -17.09%
- 6M
- -20.35%
- 1Y
- 6.45%
- 3Y*
- 6.18%
- 5Y*
- -0.82%
- 10Y*
- 20.14%
PGR
- 1D
- 0.42%
- 1M
- 3.65%
- YTD
- -5.09%
- 6M
- -7.97%
- 1Y
- -19.42%
- 3Y*
- 19.07%
- 5Y*
- 19.40%
- 10Y*
- 23.64%
IDXX vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDXX IDEXX Laboratories, Inc. | -17.09% | 63.63% | -25.51% | 36.06% | -38.04% | 31.73% | 91.43% | 40.38% | 18.95% | 33.35% |
PGR The Progressive Corporation | -5.09% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
Correlation
The correlation between IDXX and PGR is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 1991 | 0.21 |
The correlation between IDXX and PGR shifts across timeframes, from -0.04 (1 year) to 0.21 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
IDXX:
$18.08
PGR:
$19.23
IDXX:
31.03
PGR:
10.56
IDXX:
2.68
PGR:
0.08
IDXX:
7.64
PGR:
1.36
IDXX:
$4.45B
PGR:
$87.65B
IDXX:
$2.76B
PGR:
$23.23B
IDXX:
$1.52B
PGR:
$14.81B
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Return for Risk
IDXX vs. PGR — Risk / Return Rank
IDXX
PGR
IDXX vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IDEXX Laboratories, Inc. (IDXX) 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.
| IDXX | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.87 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | -0.80 | +1.01 |
| Martin ratioReturn relative to average drawdown | 0.42 | -1.23 | +1.65 |
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Drawdowns
IDXX vs. PGR - Drawdown Comparison
The maximum IDXX drawdown since its inception was -81.42%, which is greater than PGR's maximum drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for IDXX and PGR.
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Drawdown Indicators
| IDXX | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.42% | -71.06% | -10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -31.04% | -24.30% | -6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -37.41% | -30.35% | -7.06% |
Max Drawdown (5Y)Largest decline over 5 years | -54.00% | -30.35% | -23.65% |
Max Drawdown (10Y)Largest decline over 10 years | -54.00% | -30.35% | -23.65% |
Current DrawdownCurrent decline from peak | -26.84% | -25.70% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -21.00% | -14.53% | -6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.39% | 15.96% | -0.57% |
Volatility
IDXX vs. PGR - Volatility Comparison
IDEXX Laboratories, Inc. (IDXX) has a higher volatility of 8.02% compared to The Progressive Corporation (PGR) at 7.54%. This indicates that IDXX'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.
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Volatility by Period
| IDXX | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.02% | 7.54% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 20.47% | 16.87% | +3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.63% | 22.55% | +19.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.31% | 24.55% | +10.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.03% | 24.48% | +8.55% |
Dividends
IDXX vs. PGR - Dividend Comparison
IDXX has not paid dividends to shareholders, while PGR's dividend yield for the trailing twelve months is around 6.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDXX IDEXX Laboratories, 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 | 6.84% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
Financials
IDXX vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between IDEXX Laboratories, 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
IDXX vs. PGR - Profitability Comparison
IDXX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported a gross profit of 722.74M and revenue of 1.14B. Therefore, the gross margin over that period was 63.4%.
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%.
IDXX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported an operating income of 362.59M and revenue of 1.14B, resulting in an operating margin of 31.8%.
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%.
IDXX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported a net income of 278.45M and revenue of 1.14B, resulting in a net margin of 24.4%.
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
IDXX and PGR have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDXX has higher volatility (8.02%) compared to PGR (7.54%). In terms of maximum drawdown, IDXX dropped -81.42% vs PGR's -71.06%.
IDXX currently has the higher Sharpe Ratio (0.16 vs -0.87), 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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