MPWR vs. PGR
MPWR (Monolithic Power Systems, Inc.) and PGR (The Progressive Corporation) are both stocks. MPWR operates in Semiconductors (Technology), while PGR operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, MPWR returned 37.94%/yr vs 23.64%/yr for PGR. At a 0.23 correlation, their price movements are largely independent.
Performance
MPWR vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, MPWR achieves a 74.38% return, which is significantly higher than PGR's -5.09% return. Over the past 10 years, MPWR has outperformed PGR with an annualized return of 37.94%, while PGR has yielded a comparatively lower 23.64% annualized return.
MPWR
- 1D
- -0.77%
- 1M
- -4.43%
- YTD
- 74.38%
- 6M
- 67.26%
- 1Y
- 121.18%
- 3Y*
- 44.43%
- 5Y*
- 36.35%
- 10Y*
- 37.94%
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%
MPWR vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPWR Monolithic Power Systems, Inc. | 74.38% | 54.45% | -5.55% | 79.78% | -27.78% | 35.49% | 107.49% | 54.80% | 4.49% | 38.23% |
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 MPWR and PGR is -0.24, 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 | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2004 | 0.23 |
The correlation between MPWR and PGR shifts across timeframes, from -0.24 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Fundamentals
MPWR:
$13.89
PGR:
$19.23
MPWR:
113.54
PGR:
10.56
MPWR:
1.43
PGR:
0.08
MPWR:
25.93
PGR:
1.36
MPWR:
$2.96B
PGR:
$87.65B
MPWR:
$1.63B
PGR:
$23.23B
MPWR:
$861.78M
PGR:
$14.81B
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Return for Risk
MPWR vs. PGR — Risk / Return Rank
MPWR
PGR
MPWR vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Monolithic Power Systems, Inc. (MPWR) 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.
| MPWR | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.38 | ||
| Sortino ratioReturn per unit of downside risk | +4.13 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.87 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 5.43 | -0.80 | +6.23 |
| Martin ratioReturn relative to average drawdown | 14.45 | -1.23 | +15.68 |
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Drawdowns
MPWR vs. PGR - Drawdown Comparison
The maximum MPWR drawdown since its inception was -72.27%, roughly equal to the maximum PGR drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for MPWR and PGR.
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Drawdown Indicators
| MPWR | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.27% | -71.06% | -1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -22.45% | -24.30% | +1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | -30.35% | -21.30% |
Max Drawdown (5Y)Largest decline over 5 years | -51.65% | -30.35% | -21.30% |
Max Drawdown (10Y)Largest decline over 10 years | -51.65% | -30.35% | -21.30% |
Current DrawdownCurrent decline from peak | -6.66% | -25.70% | +19.04% |
Average DrawdownAverage peak-to-trough decline | -17.71% | -14.53% | -3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 15.96% | -7.52% |
Volatility
MPWR vs. PGR - Volatility Comparison
Monolithic Power Systems, Inc. (MPWR) has a higher volatility of 20.33% compared to The Progressive Corporation (PGR) at 7.54%. This indicates that MPWR'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
| MPWR | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.33% | 7.54% | +12.79% |
Volatility (6M)Calculated over the trailing 6-month period | 37.42% | 16.87% | +20.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.53% | 22.55% | +25.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.53% | 24.55% | +28.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.23% | 24.48% | +22.75% |
Dividends
MPWR vs. PGR - Dividend Comparison
MPWR's dividend yield for the trailing twelve months is around 0.42%, less than PGR's 6.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPWR Monolithic Power Systems, Inc. | 0.42% | 0.69% | 0.85% | 0.63% | 0.85% | 0.49% | 0.55% | 0.90% | 1.03% | 0.71% | 0.98% | 1.26% |
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
MPWR vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between Monolithic Power Systems, 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
MPWR vs. PGR - Profitability Comparison
MPWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported a gross profit of 445.07M and revenue of 804.19M. Therefore, the gross margin over that period was 55.3%.
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%.
MPWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported an operating income of 241.15M and revenue of 804.19M, resulting in an operating margin of 30.0%.
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%.
MPWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported a net income of 193.23M and revenue of 804.19M, resulting in a net margin of 24.0%.
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
MPWR and PGR have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPWR has higher volatility (20.33%) compared to PGR (7.54%). In terms of maximum drawdown, MPWR dropped -72.27% vs PGR's -71.06%.
MPWR currently has the higher Sharpe Ratio (2.51 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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