OBT vs. PGR
OBT (Orange County Bancorp, Inc.) and PGR (The Progressive Corporation) are both stocks. Both are in the Financial Services sector — OBT in Banks - Regional, PGR in Insurance - Property & Casualty. Over the past 10 years, OBT returned 14.84%/yr vs 24.06%/yr for PGR. At a 0.06 correlation, their price movements are largely independent.
Performance
OBT vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, OBT achieves a 27.93% return, which is significantly higher than PGR's -3.10% return. Over the past 10 years, OBT has underperformed PGR with an annualized return of 14.84%, while PGR has yielded a comparatively higher 24.06% annualized return.
OBT
- 1D
- -2.95%
- 1M
- 6.68%
- YTD
- 27.93%
- 6M
- 25.69%
- 1Y
- 54.91%
- 3Y*
- 31.42%
- 5Y*
- 19.08%
- 10Y*
- 14.84%
PGR
- 1D
- 1.23%
- 1M
- 3.94%
- YTD
- -3.10%
- 6M
- -2.94%
- 1Y
- -15.71%
- 3Y*
- 19.57%
- 5Y*
- 19.56%
- 10Y*
- 24.06%
OBT vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OBT Orange County Bancorp, Inc. | 27.93% | 5.02% | -6.07% | 32.08% | 18.34% | 51.16% | -4.40% | 12.13% | -1.23% | 24.58% |
PGR The Progressive Corporation | -3.10% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
Correlation
The correlation between OBT and PGR is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2007 | 0.06 |
Fundamentals
OBT:
$3.42
PGR:
$19.67
OBT:
10.57
PGR:
10.55
OBT:
0.82
PGR:
0.08
OBT:
2.99
PGR:
1.36
OBT:
$156.24M
PGR:
$89.43B
OBT:
$119.53M
PGR:
$25.44B
OBT:
$51.66M
PGR:
$15.15B
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Return for Risk
OBT vs. PGR — Risk / Return Rank
OBT
PGR
OBT vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Orange County Bancorp, Inc. (OBT) 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.
| OBT | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.58 | ||
| Sortino ratioReturn per unit of downside risk | +3.41 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.90 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | -0.66 | +3.74 |
| Martin ratioReturn relative to average drawdown | 6.85 | -1.00 | +7.85 |
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Drawdowns
OBT vs. PGR - Drawdown Comparison
The maximum OBT drawdown since its inception was -57.55%, smaller than the maximum PGR drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for OBT and PGR.
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Drawdown Indicators
| OBT | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.55% | -71.06% | +13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -17.91% | -24.02% | +6.11% |
Max Drawdown (3Y)Largest decline over 3 years | -32.48% | -30.35% | -2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -45.77% | -30.35% | -15.42% |
Max Drawdown (10Y)Largest decline over 10 years | -57.55% | -30.35% | -27.20% |
Current DrawdownCurrent decline from peak | -2.95% | -24.14% | +21.19% |
Average DrawdownAverage peak-to-trough decline | -18.74% | -14.54% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.04% | 15.72% | -7.68% |
Volatility
OBT vs. PGR - Volatility Comparison
Orange County Bancorp, Inc. (OBT) has a higher volatility of 8.74% compared to The Progressive Corporation (PGR) at 7.19%. This indicates that OBT'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
| OBT | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 7.19% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 19.46% | 16.23% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.44% | 22.45% | +6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.96% | 24.54% | +16.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.59% | 24.49% | +35.10% |
Dividends
OBT vs. PGR - Dividend Comparison
OBT's dividend yield for the trailing twelve months is around 1.85%, less than PGR's 6.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OBT Orange County Bancorp, Inc. | 1.85% | 2.00% | 1.69% | 1.53% | 1.78% | 1.99% | 2.94% | 2.72% | 3.00% | 2.93% | 3.53% | 3.40% |
PGR The Progressive Corporation | 6.70% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
Financials
OBT vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between Orange County Bancorp, 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
OBT vs. PGR - Profitability Comparison
OBT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Orange County Bancorp, Inc. reported a gross profit of 27.90M and revenue of 34.42M. Therefore, the gross margin over that period was 81.1%.
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 8.35B and revenue of 22.18B. Therefore, the gross margin over that period was 37.7%.
OBT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Orange County Bancorp, Inc. reported an operating income of 10.41M and revenue of 34.42M, resulting in an operating margin of 30.3%.
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 3.57B and revenue of 22.18B, resulting in an operating margin of 16.1%.
OBT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Orange County Bancorp, Inc. reported a net income of 11.28M and revenue of 34.42M, resulting in a net margin of 32.8%.
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 2.82B and revenue of 22.18B, resulting in a net margin of 12.7%.
Frequently Asked Questions
OBT and PGR have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OBT has higher volatility (8.74%) compared to PGR (7.19%). In terms of maximum drawdown, OBT dropped -57.55% vs PGR's -71.06%.
OBT currently has the higher Sharpe Ratio (1.88 vs -0.70), 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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