NTRA vs. PGR
NTRA (Natera, Inc.) and PGR (The Progressive Corporation) are both stocks. NTRA operates in Diagnostics & Research (Healthcare), while PGR operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, NTRA returned 33.53%/yr vs 23.64%/yr for PGR. At a 0.10 correlation, their price movements are largely independent.
Performance
NTRA vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, NTRA achieves a -7.43% return, which is significantly lower than PGR's -5.09% return. Over the past 10 years, NTRA has outperformed PGR with an annualized return of 33.53%, while PGR has yielded a comparatively lower 23.64% annualized return.
NTRA
- 1D
- -3.27%
- 1M
- 8.58%
- YTD
- -7.43%
- 6M
- -8.57%
- 1Y
- 29.04%
- 3Y*
- 61.10%
- 5Y*
- 15.34%
- 10Y*
- 33.53%
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%
NTRA vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTRA Natera, Inc. | -7.43% | 44.72% | 152.71% | 55.94% | -56.99% | -6.16% | 195.40% | 141.33% | 55.28% | -23.23% |
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 NTRA and PGR is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2015 | 0.10 |
The correlation between NTRA and PGR shifts across timeframes, from -0.16 (1 year) to 0.11 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
NTRA:
-$1.64
PGR:
$19.23
NTRA:
11.70
PGR:
1.36
NTRA:
$2.50B
PGR:
$87.65B
NTRA:
$1.63B
PGR:
$23.23B
NTRA:
-$294.86M
PGR:
$14.81B
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Return for Risk
NTRA vs. PGR — Risk / Return Rank
NTRA
PGR
NTRA vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Natera, Inc. (NTRA) 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.
| NTRA | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.87 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | -0.80 | +1.84 |
| Martin ratioReturn relative to average drawdown | 2.17 | -1.23 | +3.40 |
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Drawdowns
NTRA vs. PGR - Drawdown Comparison
The maximum NTRA drawdown since its inception was -77.74%, which is greater than PGR's maximum drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for NTRA and PGR.
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Drawdown Indicators
| NTRA | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.74% | -71.06% | -6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -28.20% | -24.30% | -3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -39.94% | -30.35% | -9.59% |
Max Drawdown (5Y)Largest decline over 5 years | -77.74% | -30.35% | -47.39% |
Max Drawdown (10Y)Largest decline over 10 years | -77.74% | -30.35% | -47.39% |
Current DrawdownCurrent decline from peak | -16.64% | -25.70% | +9.06% |
Average DrawdownAverage peak-to-trough decline | -33.43% | -14.53% | -18.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.41% | 15.96% | -2.55% |
Volatility
NTRA vs. PGR - Volatility Comparison
Natera, Inc. (NTRA) has a higher volatility of 14.27% compared to The Progressive Corporation (PGR) at 7.54%. This indicates that NTRA'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
| NTRA | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.27% | 7.54% | +6.73% |
Volatility (6M)Calculated over the trailing 6-month period | 35.19% | 16.87% | +18.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.95% | 22.55% | +20.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.04% | 24.55% | +32.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.95% | 24.48% | +36.47% |
Dividends
NTRA vs. PGR - Dividend Comparison
NTRA has not paid dividends to shareholders, while PGR's dividend yield for the trailing twelve months is around 6.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NTRA Natera, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
NTRA vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between Natera, 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
NTRA vs. PGR - Profitability Comparison
NTRA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Natera, Inc. reported a gross profit of 451.44M and revenue of 696.64M. Therefore, the gross margin over that period was 64.8%.
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%.
NTRA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Natera, Inc. reported an operating income of -93.52M and revenue of 696.64M, resulting in an operating margin of -13.4%.
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%.
NTRA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Natera, Inc. reported a net income of -85.09M and revenue of 696.64M, resulting in a net margin of -12.2%.
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
NTRA and PGR have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTRA has higher volatility (14.27%) compared to PGR (7.54%). In terms of maximum drawdown, NTRA dropped -77.74% vs PGR's -71.06%.
NTRA currently has the higher Sharpe Ratio (0.68 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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