MCK vs. PGR
MCK (McKesson Corporation) and PGR (The Progressive Corporation) are both stocks. MCK operates in Medical Distribution (Healthcare), while PGR operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, MCK returned 16.13%/yr vs 23.25%/yr for PGR. At a 0.28 correlation, their price movements are largely independent.
Performance
MCK vs. PGR - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with MCK having a -6.36% return and PGR slightly lower at -6.42%. Over the past 10 years, MCK has underperformed PGR with an annualized return of 16.13%, while PGR has yielded a comparatively higher 23.25% annualized return.
MCK
- 1D
- -1.16%
- 1M
- 4.27%
- YTD
- -6.36%
- 6M
- -3.74%
- 1Y
- 7.98%
- 3Y*
- 25.42%
- 5Y*
- 32.82%
- 10Y*
- 16.13%
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%
MCK vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCK McKesson Corporation | -6.36% | 44.54% | 23.67% | 24.13% | 51.82% | 44.23% | 27.06% | 26.72% | -28.40% | 11.95% |
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 MCK and PGR is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 1994 | 0.28 |
The correlation between MCK and PGR shifts across timeframes, from 0.20 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MCK:
$38.38
PGR:
$19.23
MCK:
19.97
PGR:
10.41
MCK:
0.27
PGR:
0.08
MCK:
0.24
PGR:
1.34
MCK:
$403.43B
PGR:
$87.65B
MCK:
$14.55B
PGR:
$23.23B
MCK:
$6.91B
PGR:
$14.81B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MCK vs. PGR — Risk / Return Rank
MCK
PGR
MCK vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for McKesson Corporation (MCK) 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.
| MCK | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.84 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | -0.94 | +1.23 |
| Martin ratioReturn relative to average drawdown | 0.79 | -1.43 | +2.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MCK | PGR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | -1.04 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.36 | 0.77 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.95 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.58 | -0.14 |
Drawdowns
MCK vs. PGR - Drawdown Comparison
The maximum MCK drawdown since its inception was -82.84%, which is greater than PGR's maximum drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for MCK and PGR.
Loading charts...
Drawdown Indicators
| MCK | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.84% | -71.06% | -11.78% |
Max Drawdown (1Y)Largest decline over 1 year | -27.17% | -25.27% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -27.17% | -30.35% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -27.17% | -30.35% | +3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -44.23% | -30.35% | -13.88% |
Current DrawdownCurrent decline from peak | -22.92% | -26.74% | +3.82% |
Average DrawdownAverage peak-to-trough decline | -28.65% | -14.53% | -14.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.06% | 18.79% | -8.73% |
Volatility
MCK vs. PGR - Volatility Comparison
The current volatility for McKesson Corporation (MCK) is 6.94%, while The Progressive Corporation (PGR) has a volatility of 7.57%. This indicates that MCK 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.
Loading charts...
Volatility by Period
| MCK | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 7.57% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 22.76% | 16.95% | +5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.16% | 22.76% | +6.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.20% | 24.55% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.82% | 24.48% | +4.34% |
Dividends
MCK vs. PGR - Dividend Comparison
MCK's dividend yield for the trailing twelve months is around 0.43%, less than PGR's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCK McKesson Corporation | 0.43% | 0.37% | 0.47% | 0.50% | 0.54% | 0.72% | 0.95% | 1.16% | 1.32% | 0.80% | 0.80% | 0.53% |
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
MCK vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between McKesson Corporation 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
MCK vs. PGR - Profitability Comparison
MCK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported a gross profit of 4.04B and revenue of 96.30B. Therefore, the gross margin over that period was 4.2%.
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%.
MCK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported an operating income of 2.09B and revenue of 96.30B, resulting in an operating margin of 2.2%.
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%.
MCK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported a net income of 1.68B and revenue of 96.30B, resulting in a net margin of 1.8%.
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
MCK and PGR have a correlation of 0.20, 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 MCK (6.94%). In terms of maximum drawdown, MCK dropped -82.84% vs PGR's -71.06%.
MCK currently has the higher Sharpe Ratio (0.28 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.
Find the right allocation for MCK and PGR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer