MSADY vs. PGR
MSADY (MS&AD Insurance Group Holdings PK) and PGR (The Progressive Corporation) are both stocks. Both operate in the Insurance - Property & Casualty industry within the Financial Services sector. Over the past 10 years, MSADY returned 11.98%/yr vs 22.74%/yr for PGR. At a 0.22 correlation, their price movements are largely independent.
Performance
MSADY vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, MSADY achieves a 13.32% return, which is significantly higher than PGR's -9.60% return. Over the past 10 years, MSADY has underperformed PGR with an annualized return of 11.98%, while PGR has yielded a comparatively higher 22.74% annualized return.
MSADY
- 1D
- -1.23%
- 1M
- 5.73%
- YTD
- 13.32%
- 6M
- 18.26%
- 1Y
- 9.71%
- 3Y*
- 32.84%
- 5Y*
- 21.77%
- 10Y*
- 11.98%
PGR
- 1D
- -1.71%
- 1M
- -2.90%
- YTD
- -9.60%
- 6M
- -9.39%
- 1Y
- -28.28%
- 3Y*
- 17.80%
- 5Y*
- 16.61%
- 10Y*
- 22.74%
MSADY vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSADY MS&AD Insurance Group Holdings PK | 13.32% | 9.99% | 70.58% | 23.02% | 3.31% | 0.52% | -6.76% | 16.74% | -16.97% | 12.03% |
PGR The Progressive Corporation | -9.60% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
Correlation
The correlation between MSADY and PGR is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2010 | 0.22 |
The correlation between MSADY and PGR shifts across timeframes, from 0.03 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
MSADY:
$537.41
PGR:
$19.23
MSADY:
0.05
PGR:
10.06
MSADY:
0.00
PGR:
0.08
MSADY:
0.01
PGR:
1.30
MSADY:
$7.75T
PGR:
$87.65B
MSADY:
$5.06T
PGR:
$23.23B
MSADY:
$782.77B
PGR:
$14.81B
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Return for Risk
MSADY vs. PGR — Risk / Return Rank
MSADY
PGR
MSADY vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MS&AD Insurance Group Holdings PK (MSADY) 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.
| MSADY | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.80 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | -1.01 | +1.56 |
| Martin ratioReturn relative to average drawdown | 1.15 | -1.46 | +2.61 |
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
| MSADY | PGR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | -1.28 | +1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.68 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.93 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.58 | -0.31 |
Drawdowns
MSADY vs. PGR - Drawdown Comparison
The maximum MSADY drawdown since its inception was -50.41%, smaller than the maximum PGR drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for MSADY and PGR.
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Drawdown Indicators
| MSADY | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.41% | -71.06% | +20.65% |
Max Drawdown (1Y)Largest decline over 1 year | -17.55% | -28.14% | +10.59% |
Max Drawdown (3Y)Largest decline over 3 years | -21.28% | -30.35% | +9.07% |
Max Drawdown (5Y)Largest decline over 5 years | -29.89% | -30.35% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -33.77% | -30.35% | -3.42% |
Current DrawdownCurrent decline from peak | -6.84% | -29.23% | +22.39% |
Average DrawdownAverage peak-to-trough decline | -15.39% | -14.53% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 20.72% | -12.23% |
Volatility
MSADY vs. PGR - Volatility Comparison
MS&AD Insurance Group Holdings PK (MSADY) has a higher volatility of 11.35% compared to The Progressive Corporation (PGR) at 5.82%. This indicates that MSADY'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
| MSADY | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.35% | 5.82% | +5.53% |
Volatility (6M)Calculated over the trailing 6-month period | 20.10% | 16.25% | +3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.73% | 22.23% | +3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.35% | 24.52% | +3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.06% | 24.43% | +1.63% |
Dividends
MSADY vs. PGR - Dividend Comparison
MSADY has not paid dividends to shareholders, while PGR's dividend yield for the trailing twelve months is around 7.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSADY MS&AD Insurance Group Holdings PK | 0.00% | 2.13% | 2.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.84% | 3.11% | 0.00% |
PGR The Progressive Corporation | 7.18% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
Financials
MSADY vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between MS&AD Insurance Group Holdings PK 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
MSADY vs. PGR - Profitability Comparison
MSADY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MS&AD Insurance Group Holdings PK reported a gross profit of 547.42B and revenue of 1.46T. Therefore, the gross margin over that period was 37.4%.
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%.
MSADY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MS&AD Insurance Group Holdings PK reported an operating income of 182.21B and revenue of 1.46T, resulting in an operating margin of 12.5%.
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%.
MSADY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MS&AD Insurance Group Holdings PK reported a net income of 132.63B and revenue of 1.46T, resulting in a net margin of 9.1%.
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
MSADY and PGR have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSADY has higher volatility (11.35%) compared to PGR (5.82%). In terms of maximum drawdown, MSADY dropped -50.41% vs PGR's -71.06%.
MSADY currently has the higher Sharpe Ratio (0.38 vs -1.28), 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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