PGNY vs. ASA

Last updated Jun 5, 2026

PGNY (Progyny, Inc.) and ASA (ASA Gold and Precious Metals Limited) are both stocks. PGNY operates in Health Information Services (Healthcare), while ASA operates in Asset Management (Financial Services). Over the past 5 years, PGNY returned -16.62%/yr vs 21.14%/yr for ASA. At a 0.14 correlation, their price movements are largely independent.

Performance

PGNY vs. ASA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Progyny, Inc. (PGNY) and ASA Gold and Precious Metals Limited (ASA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGNY achieves a -0.78% return, which is significantly lower than ASA's 4.37% return.

PGNY

• 1D: 1.96%
• 1M: 34.25%
• YTD: -0.78%
• 6M: 5.51%
• 1Y: 19.62%
• 3Y*: -14.06%
• 5Y*: -16.62%
• 10Y*: —

ASA

• 1D: 2.47%
• 1M: -0.42%
• YTD: 4.37%
• 6M: 17.75%
• 1Y: 82.80%
• 3Y*: 58.37%
• 5Y*: 21.14%
• 10Y*: 17.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PGNY vs. ASA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PGNY Progyny, Inc.	-0.78%	48.87%	-53.60%	19.36%	-38.13%	18.78%	54.43%	72.21%
ASA ASA Gold and Precious Metals Limited	4.37%	195.60%	34.55%	5.38%	-32.06%	-3.48%	60.65%	8.87%

Correlation

The correlation between PGNY and ASA is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Oct 28, 2019	0.14

Fundamentals

Market Cap PGNY : $2.16B ASA : $1.17B
EPS PGNY : $0.76 ASA : $42.09
PE Ratio PGNY : 33.32 ASA : 1.48
PEG Ratio PGNY : 2.80 ASA : 0.00
PS Ratio PGNY : 1.74 ASA : 8.54
PB Ratio PGNY : 4.92 ASA : 1.06
Total Revenue (TTM) PGNY : $1.29B ASA : $137.30M
Gross Profit (TTM) PGNY : $311.76M ASA : $3.98M
EBITDA (TTM) PGNY : $108.11M ASA : $444.29M

Return for Risk

PGNY vs. ASA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PGNY

PGNY Risk / Return Rank: 53
PGNY Sharpe Ratio Rank: 54
PGNY Sortino Ratio Rank: 53
PGNY Omega Ratio Rank: 55
PGNY Calmar Ratio Rank: 52
PGNY Martin Ratio Rank: 52

ASA

ASA Risk / Return Rank: 80
ASA Sharpe Ratio Rank: 85
ASA Sortino Ratio Rank: 77
ASA Omega Ratio Rank: 78
ASA Calmar Ratio Rank: 80
ASA Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PGNY vs. ASA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Progyny, Inc. (PGNY) and ASA Gold and Precious Metals Limited (ASA). 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.

	PGNY	ASA	Difference
Sharpe ratio: Return per unit of total volatility	0.35	1.75	-1.41
Sortino ratio: Return per unit of downside risk	0.96	2.12	-1.16
Omega ratio: Gain probability vs. loss probability	1.13	1.28	-0.15
Calmar ratio: Return relative to maximum drawdown	0.46	2.56	-2.10
Martin ratio: Return relative to average drawdown	0.99	6.90	-5.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PGNY vs. ASA - Sharpe Ratio Comparison

The current PGNY Sharpe Ratio is 0.35, which is lower than the ASA Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of PGNY and ASA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PGNY	ASA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	1.75	-1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.30	0.60	-0.90
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.16	-0.05

Drawdowns

PGNY vs. ASA - Drawdown Comparison

The maximum PGNY drawdown since its inception was -79.49%, roughly equal to the maximum ASA drawdown of -80.36%. Use the drawdown chart below to compare losses from any high point for PGNY and ASA.

Drawdown Indicators

	PGNY	ASA	Difference
Max Drawdown Largest peak-to-trough decline	-79.49%	-80.36%	+0.87%
Max Drawdown (1Y) Largest decline over 1 year	-42.65%	-32.51%	-10.14%
Max Drawdown (3Y) Largest decline over 3 years	-68.14%	-32.51%	-35.63%
Max Drawdown (5Y) Largest decline over 5 years	-79.49%	-51.33%	-28.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.66%	—
Current Drawdown Current decline from peak	-61.78%	-23.39%	-38.39%
Average Drawdown Average peak-to-trough decline	-42.39%	-42.54%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.86%	12.04%	+7.82%

Volatility

PGNY vs. ASA - Volatility Comparison

Progyny, Inc. (PGNY) has a higher volatility of 24.13% compared to ASA Gold and Precious Metals Limited (ASA) at 15.59%. This indicates that PGNY's price experiences larger fluctuations and is considered to be riskier than ASA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGNY	ASA	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.13%	15.59%	+8.54%
Volatility (6M) Calculated over the trailing 6-month period	41.53%	39.17%	+2.36%
Volatility (1Y) Calculated over the trailing 1-year period	56.99%	47.50%	+9.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.07%	35.15%	+20.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.88%	35.36%	+26.52%

Dividends

PGNY vs. ASA - Dividend Comparison

PGNY has not paid dividends to shareholders, while ASA's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASA ASA Gold and Precious Metals Limited	0.11%	0.10%	0.20%	0.13%	0.14%	0.09%	0.09%	0.15%	0.32%	0.35%	0.36%	0.56%
PGNY Progyny, 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%

Financials

Frequently Asked Questions

Can I hold both PGNY and ASA in my portfolio?

PGNY and ASA have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PGNY or ASA?

PGNY has higher volatility (24.13%) compared to ASA (15.59%). In terms of maximum drawdown, PGNY dropped -79.49% vs ASA's -80.36%.

Which has better risk-adjusted returns?

ASA currently has the higher Sharpe Ratio (1.75 vs 0.35), 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.