PGNY vs. XP

Last updated Apr 2, 2026

Compare and contrast key facts about Progyny, Inc. (PGNY) and XP Inc. (XP).

Performance

PGNY vs. XP - Performance Comparison

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

PGNY vs. XP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PGNY Progyny, Inc.	-34.35%	48.87%	-53.60%	19.36%	-38.13%	18.78%	54.43%	3.74%
XP XP Inc.	14.29%	39.53%	-52.23%	79.63%	-46.62%	-27.55%	2.99%	11.78%

Fundamentals

Market Cap PGNY : $1.51B XP : $9.73B
EPS PGNY : $0.65 XP : $9.75
PE Ratio PGNY : 25.87 XP : 1.92
PEG Ratio PGNY : 2.10 XP : 0.17
PS Ratio PGNY : 1.17 XP : 0.55
PB Ratio PGNY : 2.92 XP : 0.41
Total Revenue (TTM) PGNY : $1.29B XP : $18.03B
Gross Profit (TTM) PGNY : $304.48M XP : $7.23B
EBITDA (TTM) PGNY : $94.01M XP : $6.33B

Returns By Period

In the year-to-date period, PGNY achieves a -34.35% return, which is significantly lower than XP's 14.29% return.

PGNY

• 1D: -0.71%
• 1M: -4.20%
• YTD: -34.35%
• 6M: -20.55%
• 1Y: -26.98%
• 3Y*: -19.33%
• 5Y*: -18.06%
• 10Y*: —

XP

• 1D: -1.73%
• 1M: -13.82%
• YTD: 14.29%
• 6M: 3.67%
• 1Y: 33.56%
• 3Y*: 20.93%
• 5Y*: -11.96%
• 10Y*: —

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

Return for Risk

PGNY vs. XP — Risk / Return Rank

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

PGNY

PGNY Risk / Return Rank: 16
PGNY Sharpe Ratio Rank: 18
PGNY Sortino Ratio Rank: 18
PGNY Omega Ratio Rank: 18
PGNY Calmar Ratio Rank: 20
PGNY Martin Ratio Rank: 8

XP

XP Risk / Return Rank: 65
XP Sharpe Ratio Rank: 66
XP Sortino Ratio Rank: 61
XP Omega Ratio Rank: 60
XP Calmar Ratio Rank: 71
XP Martin Ratio Rank: 66

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. XP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Progyny, Inc. (PGNY) and XP Inc. (XP). 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	XP	Difference
Sharpe ratio Return per unit of total volatility	-0.52	0.74	-1.26
Sortino ratio Return per unit of downside risk	-0.50	1.27	-1.77
Omega ratio Gain probability vs. loss probability	0.93	1.16	-0.23
Calmar ratio Return relative to maximum drawdown	-0.60	1.61	-2.21
Martin ratio Return relative to average drawdown	-1.54	3.01	-4.55
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. XP - Sharpe Ratio Comparison

The current PGNY Sharpe Ratio is -0.52, which is lower than the XP Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of PGNY and XP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PGNY	XP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.52	0.74	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	-0.24	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	-0.13	+0.15

Correlation

The correlation between PGNY and XP is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PGNY vs. XP - Dividend Comparison

PGNY has not paid dividends to shareholders, while XP's dividend yield for the trailing twelve months is around 0.96%.

	TTM	2025	2024	2023
PGNY Progyny, Inc.	0.00%	0.00%	0.00%	0.00%
XP XP Inc.	0.96%	1.10%	5.49%	5.02%

Drawdowns

PGNY vs. XP - Drawdown Comparison

The maximum PGNY drawdown since its inception was -79.49%, roughly equal to the maximum XP drawdown of -79.19%. Use the drawdown chart below to compare losses from any high point for PGNY and XP.

Drawdown Indicators

	PGNY	XP	Difference
Max Drawdown Largest peak-to-trough decline	-79.49%	-79.19%	-0.30%
Max Drawdown (1Y) Largest decline over 1 year	-40.68%	-23.33%	-17.35%
Max Drawdown (5Y) Largest decline over 5 years	-79.49%	-79.19%	-0.30%
Current Drawdown Current decline from peak	-74.71%	-58.98%	-15.73%
Average Drawdown Average peak-to-trough decline	-41.67%	-46.63%	+4.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.91%	12.45%	+3.46%

Volatility

PGNY vs. XP - Volatility Comparison

The current volatility for Progyny, Inc. (PGNY) is 7.85%, while XP Inc. (XP) has a volatility of 20.81%. This indicates that PGNY experiences smaller price fluctuations and is considered to be less risky than XP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGNY	XP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.85%	20.81%	-12.96%
Volatility (6M) Calculated over the trailing 6-month period	43.44%	35.98%	+7.46%
Volatility (1Y) Calculated over the trailing 1-year period	52.03%	45.65%	+6.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.34%	49.61%	+5.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.74%	57.67%	+4.07%

Financials

PGNY vs. XP - Profitability Comparison

The chart below illustrates the profitability comparison between Progyny, Inc. and XP Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PGNY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Progyny, Inc. reported a gross profit of 76.88M and revenue of 318.40M. Therefore, the gross margin over that period was 24.2%.

XP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, XP Inc. reported a gross profit of 3.41B and revenue of 4.81B. Therefore, the gross margin over that period was 71.0%.

PGNY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Progyny, Inc. reported an operating income of 15.22M and revenue of 318.40M, resulting in an operating margin of 4.8%.

XP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, XP Inc. reported an operating income of 2.96B and revenue of 4.81B, resulting in an operating margin of 61.6%.

PGNY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Progyny, Inc. reported a net income of 12.49M and revenue of 318.40M, resulting in a net margin of 3.9%.

XP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, XP Inc. reported a net income of 1.30B and revenue of 4.81B, resulting in a net margin of 27.0%.