Correlation
The correlation between MCHP and PGR is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
MCHP vs. PGR
Compare and contrast key facts about Microchip Technology Incorporated (MCHP) and The Progressive Corporation (PGR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MCHP or PGR.
Performance
MCHP vs. PGR - Performance Comparison
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Key characteristics
MCHP:
-0.64
PGR:
1.66
MCHP:
-0.81
PGR:
2.22
MCHP:
0.89
PGR:
1.32
MCHP:
-0.62
PGR:
3.40
MCHP:
-1.18
PGR:
8.60
MCHP:
33.49%
PGR:
4.86%
MCHP:
59.41%
PGR:
24.69%
MCHP:
-63.77%
PGR:
-71.05%
MCHP:
-40.03%
PGR:
-2.13%
Fundamentals
MCHP:
$31.34B
PGR:
$167.03B
MCHP:
-$0.01
PGR:
$15.24
MCHP:
5.70
PGR:
7.17
MCHP:
7.12
PGR:
2.13
MCHP:
4.43
PGR:
5.61
MCHP:
$4.40B
PGR:
$78.52B
MCHP:
$2.47B
PGR:
$78.51B
MCHP:
$857.70M
PGR:
$11.57B
Returns By Period
In the year-to-date period, MCHP achieves a 2.75% return, which is significantly lower than PGR's 21.33% return. Over the past 10 years, MCHP has underperformed PGR with an annualized return of 11.30%, while PGR has yielded a comparatively higher 29.51% annualized return.
MCHP
2.75%
26.93%
-13.56%
-38.07%
-5.15%
5.78%
11.30%
PGR
21.33%
1.13%
8.12%
40.61%
35.03%
32.32%
29.51%
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Risk-Adjusted Performance
MCHP vs. PGR — Risk-Adjusted Performance Rank
MCHP
PGR
MCHP vs. PGR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Microchip Technology Incorporated (MCHP) 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.
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Dividends
MCHP vs. PGR - Dividend Comparison
MCHP's dividend yield for the trailing twelve months is around 3.13%, more than PGR's 1.72% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCHP Microchip Technology Incorporated | 3.13% | 3.16% | 1.76% | 1.65% | 0.98% | 1.07% | 1.40% | 2.02% | 1.65% | 2.24% | 3.08% | 3.16% |
PGR The Progressive Corporation | 1.72% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% | 5.53% |
Drawdowns
MCHP vs. PGR - Drawdown Comparison
The maximum MCHP drawdown since its inception was -63.77%, smaller than the maximum PGR drawdown of -71.05%. Use the drawdown chart below to compare losses from any high point for MCHP and PGR.
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Volatility
MCHP vs. PGR - Volatility Comparison
Microchip Technology Incorporated (MCHP) has a higher volatility of 17.48% compared to The Progressive Corporation (PGR) at 5.71%. This indicates that MCHP'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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Financials
MCHP vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between Microchip Technology 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
MCHP vs. PGR - Profitability Comparison
MCHP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Microchip Technology Incorporated reported a gross profit of 501.10M and revenue of 970.50M. Therefore, the gross margin over that period was 51.6%.
PGR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, The Progressive Corporation reported a gross profit of 20.40B and revenue of 20.40B. Therefore, the gross margin over that period was 100.0%.
MCHP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Microchip Technology Incorporated reported an operating income of -100.30M and revenue of 970.50M, resulting in an operating margin of -10.3%.
PGR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, The Progressive Corporation reported an operating income of 3.24B and revenue of 20.40B, resulting in an operating margin of 15.9%.
MCHP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Microchip Technology Incorporated reported a net income of -156.80M and revenue of 970.50M, resulting in a net margin of -16.2%.
PGR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, The Progressive Corporation reported a net income of 2.57B and revenue of 20.40B, resulting in a net margin of 12.6%.