PGR vs. AMAT
PGR (The Progressive Corporation) and AMAT (Applied Materials, Inc.) are both stocks. PGR operates in Insurance - Property & Casualty (Financial Services), while AMAT operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, PGR returned 23.25%/yr vs 36.71%/yr for AMAT. At a 0.22 correlation, their price movements are largely independent.
Performance
PGR vs. AMAT - Performance Comparison
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Returns By Period
In the year-to-date period, PGR achieves a -6.42% return, which is significantly lower than AMAT's 91.99% return. Over the past 10 years, PGR has underperformed AMAT with an annualized return of 23.25%, while AMAT has yielded a comparatively higher 36.71% annualized return.
PGR
- 1D
- -1.84%
- 1M
- 3.23%
- YTD
- -6.42%
- 6M
- -4.51%
- 1Y
- -23.65%
- 3Y*
- 18.74%
- 5Y*
- 18.76%
- 10Y*
- 23.25%
AMAT
- 1D
- 8.64%
- 1M
- 13.17%
- YTD
- 91.99%
- 6M
- 83.99%
- 1Y
- 197.34%
- 3Y*
- 54.75%
- 5Y*
- 30.69%
- 10Y*
- 36.71%
PGR vs. AMAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | -6.42% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
AMAT Applied Materials, Inc. | 91.99% | 59.60% | 1.13% | 67.97% | -37.54% | 83.64% | 43.29% | 89.86% | -34.92% | 59.86% |
Correlation
The correlation between PGR and AMAT is -0.30, 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 | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 1986 | 0.22 |
The correlation between PGR and AMAT shifts across timeframes, from -0.30 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PGR:
$19.23
AMAT:
$10.61
PGR:
10.41
AMAT:
46.38
PGR:
0.08
AMAT:
5.90
PGR:
1.34
AMAT:
13.60
PGR:
$87.65B
AMAT:
$29.02B
PGR:
$23.23B
AMAT:
$14.21B
PGR:
$14.81B
AMAT:
$9.92B
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Return for Risk
PGR vs. AMAT — Risk / Return Rank
PGR
AMAT
PGR vs. AMAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Progressive Corporation (PGR) and Applied Materials, Inc. (AMAT). 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.
| PGR | AMAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.20 | ||
| Sortino ratioReturn per unit of downside risk | -5.23 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.55 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 9.29 | -10.23 |
| Martin ratioReturn relative to average drawdown | -1.43 | 26.48 | -27.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PGR | AMAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.04 | 4.15 | -5.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.70 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.86 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.43 | +0.15 |
Drawdowns
PGR vs. AMAT - Drawdown Comparison
The maximum PGR drawdown since its inception was -71.06%, smaller than the maximum AMAT drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for PGR and AMAT.
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Drawdown Indicators
| PGR | AMAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.06% | -85.22% | +14.16% |
Max Drawdown (1Y)Largest decline over 1 year | -25.27% | -21.37% | -3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -30.35% | -49.88% | +19.53% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -55.14% | +24.79% |
Max Drawdown (10Y)Largest decline over 10 years | -30.35% | -55.14% | +24.79% |
Current DrawdownCurrent decline from peak | -26.74% | -1.90% | -24.84% |
Average DrawdownAverage peak-to-trough decline | -14.53% | -38.80% | +24.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.79% | 7.49% | +11.30% |
Volatility
PGR vs. AMAT - Volatility Comparison
The current volatility for The Progressive Corporation (PGR) is 7.57%, while Applied Materials, Inc. (AMAT) has a volatility of 19.01%. This indicates that PGR experiences smaller price fluctuations and is considered to be less risky than AMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGR | AMAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 19.01% | -11.44% |
Volatility (6M)Calculated over the trailing 6-month period | 16.95% | 37.52% | -20.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.76% | 47.94% | -25.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.55% | 43.93% | -19.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 42.81% | -18.33% |
Dividends
PGR vs. AMAT - Dividend Comparison
PGR's dividend yield for the trailing twelve months is around 6.94%, more than AMAT's 0.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 0.39% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% |
PGR The Progressive Corporation | 6.94% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
Financials
PGR vs. AMAT - Financials Comparison
This section allows you to compare key financial metrics between The Progressive Corporation and Applied Materials, Inc.. 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
PGR vs. AMAT - Profitability Comparison
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%.
AMAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a gross profit of 3.95B and revenue of 7.91B. Therefore, the gross margin over that period was 49.9%.
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%.
AMAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported an operating income of 2.52B and revenue of 7.91B, resulting in an operating margin of 31.9%.
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%.
AMAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a net income of 2.81B and revenue of 7.91B, resulting in a net margin of 35.5%.
Frequently Asked Questions
PGR and AMAT have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMAT has higher volatility (19.01%) compared to PGR (7.57%). In terms of maximum drawdown, PGR dropped -71.06% vs AMAT's -85.22%.
AMAT currently has the higher Sharpe Ratio (4.15 vs -1.04), 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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