PGNY vs. QTUM
PGNY (Progyny, Inc.) is a stock, while QTUM (Defiance Quantum ETF) is Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. Over the past 5 years, PGNY returned -9.85%/yr vs 25.63%/yr for QTUM. At a 0.37 correlation, their price movements are largely independent.
Performance
PGNY vs. QTUM - Performance Comparison
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Returns By Period
In the year-to-date period, PGNY achieves a 24.34% return, which is significantly lower than QTUM's 29.68% return.
PGNY
- 1D
- 0.22%
- 1M
- 21.36%
- 6M
- 30.22%
- YTD
- 24.34%
- 1Y
- 38.77%
- 3Y*
- -7.62%
- 5Y*
- -9.85%
- 10Y*
- —
QTUM
- 1D
- -0.84%
- 1M
- -12.63%
- 6M
- 20.08%
- YTD
- 29.68%
- 1Y
- 50.57%
- 3Y*
- 40.35%
- 5Y*
- 25.63%
- 10Y*
- —
PGNY vs. QTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PGNY Progyny, Inc. | 24.34% | 48.87% | -53.60% | 19.36% | -38.13% | 18.78% | 54.43% | 103.33% |
QTUM Defiance Quantum ETF | 29.68% | 36.65% | 50.54% | 39.86% | -28.80% | 35.18% | 42.05% | 10.72% |
Correlation
The correlation between PGNY and QTUM is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.37 |
Over the past year, the correlation between PGNY and QTUM has dropped to 0.11 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
PGNY vs. QTUM — Risk / Return Rank
PGNY
QTUM
PGNY vs. QTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Progyny, Inc. (PGNY) and Defiance Quantum ETF (QTUM). 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.
| PGNY | QTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.28 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 3.20 | -2.28 |
| Martin ratioReturn relative to average drawdown | 1.98 | 10.43 | -8.44 |
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Drawdowns
PGNY vs. QTUM - Drawdown Comparison
The maximum PGNY drawdown since its inception was -79.49%, which is greater than QTUM's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for PGNY and QTUM.
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Drawdown Indicators
| PGNY | QTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.49% | -38.45% | -41.04% |
Max Drawdown (1Y)Largest decline over 1 year | -42.65% | -15.90% | -26.75% |
Max Drawdown (3Y)Largest decline over 3 years | -68.14% | -25.39% | -42.75% |
Max Drawdown (5Y)Largest decline over 5 years | -79.49% | -38.45% | -41.04% |
Current DrawdownCurrent decline from peak | -52.10% | -15.90% | -36.20% |
Average DrawdownAverage peak-to-trough decline | -42.61% | -8.23% | -34.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.60% | 4.87% | +14.73% |
Volatility
PGNY vs. QTUM - Volatility Comparison
The current volatility for Progyny, Inc. (PGNY) is 7.38%, while Defiance Quantum ETF (QTUM) has a volatility of 10.70%. This indicates that PGNY experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGNY | QTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 10.70% | -3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 39.16% | 25.32% | +13.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.34% | 30.57% | +24.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.99% | 27.46% | +28.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.82% | 27.59% | +34.23% |
Dividends
PGNY vs. QTUM - Dividend Comparison
PGNY has not paid dividends to shareholders, while QTUM's dividend yield for the trailing twelve months is around 0.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PGNY Progyny, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QTUM Defiance Quantum ETF | 0.83% | 1.01% | 0.61% | 0.81% | 1.46% | 0.48% | 0.42% | 0.61% | 0.21% |
Frequently Asked Questions
PGNY and QTUM have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTUM has higher volatility (10.70%) compared to PGNY (7.38%). In terms of maximum drawdown, PGNY dropped -79.49% vs QTUM's -38.45%.
QTUM currently has the higher Sharpe Ratio (1.66 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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