NRG vs. PGR
NRG (NRG Energy, Inc.) and PGR (The Progressive Corporation) are both stocks. NRG operates in Utilities - Independent Power Producers (Utilities), while PGR operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, NRG returned 26.90%/yr vs 23.64%/yr for PGR. At a 0.24 correlation, their price movements are largely independent.
Performance
NRG vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, NRG achieves a -20.72% return, which is significantly lower than PGR's -5.09% return. Over the past 10 years, NRG has outperformed PGR with an annualized return of 26.90%, while PGR has yielded a comparatively lower 23.64% annualized return.
NRG
- 1D
- 1.43%
- 1M
- -1.83%
- YTD
- -20.72%
- 6M
- -21.80%
- 1Y
- -16.53%
- 3Y*
- 57.21%
- 5Y*
- 30.96%
- 10Y*
- 26.90%
PGR
- 1D
- 0.42%
- 1M
- 1.69%
- YTD
- -5.09%
- 6M
- -7.97%
- 1Y
- -19.25%
- 3Y*
- 19.07%
- 5Y*
- 19.40%
- 10Y*
- 23.64%
NRG vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NRG NRG Energy, Inc. | -20.72% | 78.91% | 78.58% | 69.36% | -23.47% | 18.54% | -2.14% | 0.69% | 39.59% | 133.69% |
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 NRG and PGR is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2003 | 0.24 |
The correlation between NRG and PGR shifts across timeframes, from -0.13 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NRG:
$1.21
PGR:
$19.23
NRG:
103.60
PGR:
10.56
NRG:
1.56
PGR:
0.08
NRG:
0.76
PGR:
1.36
NRG:
$32.38B
PGR:
$87.65B
NRG:
$4.69B
PGR:
$23.23B
NRG:
$2.57B
PGR:
$14.81B
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Return for Risk
NRG vs. PGR — Risk / Return Rank
NRG
PGR
NRG vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NRG Energy, Inc. (NRG) 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.
| NRG | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.87 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | -0.80 | +0.33 |
| Martin ratioReturn relative to average drawdown | -1.16 | -1.23 | +0.07 |
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Drawdowns
NRG vs. PGR - Drawdown Comparison
The maximum NRG drawdown since its inception was -79.41%, which is greater than PGR's maximum drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for NRG and PGR.
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Drawdown Indicators
| NRG | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.41% | -71.06% | -8.35% |
Max Drawdown (1Y)Largest decline over 1 year | -34.24% | -24.30% | -9.94% |
Max Drawdown (3Y)Largest decline over 3 years | -34.24% | -30.35% | -3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -34.24% | -30.35% | -3.89% |
Max Drawdown (10Y)Largest decline over 10 years | -48.76% | -30.35% | -18.41% |
Current DrawdownCurrent decline from peak | -31.61% | -25.70% | -5.91% |
Average DrawdownAverage peak-to-trough decline | -27.99% | -14.53% | -13.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.73% | 15.96% | -2.23% |
Volatility
NRG vs. PGR - Volatility Comparison
NRG Energy, Inc. (NRG) has a higher volatility of 15.26% compared to The Progressive Corporation (PGR) at 7.54%. This indicates that NRG'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
| NRG | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.26% | 7.54% | +7.72% |
Volatility (6M)Calculated over the trailing 6-month period | 35.10% | 16.87% | +18.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.88% | 22.55% | +22.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.03% | 24.55% | +15.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.16% | 24.48% | +14.68% |
Dividends
NRG vs. PGR - Dividend Comparison
NRG's dividend yield for the trailing twelve months is around 1.46%, less than PGR's 6.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRG NRG Energy, Inc. | 1.46% | 1.11% | 1.81% | 2.92% | 4.40% | 3.02% | 3.20% | 0.30% | 0.30% | 0.42% | 1.92% | 4.93% |
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
NRG vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between NRG Energy, 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
NRG vs. PGR - Profitability Comparison
NRG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported a gross profit of 0.00 and revenue of 10.26B. Therefore, the gross margin over that period was 0.0%.
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%.
NRG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported an operating income of 328.00M and revenue of 10.26B, resulting in an operating margin of 3.2%.
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%.
NRG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported a net income of 125.00M and revenue of 10.26B, resulting in a net margin of 1.2%.
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
NRG and PGR have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRG has higher volatility (15.26%) compared to PGR (7.54%). In terms of maximum drawdown, NRG dropped -79.41% vs PGR's -71.06%.
NRG currently has the higher Sharpe Ratio (-0.36 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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