PGR vs. AON
PGR (The Progressive Corporation) and AON (Aon plc) are both stocks. Both are in the Financial Services sector — PGR in Insurance - Property & Casualty, AON in Insurance Brokers. Over the past 10 years, PGR returned 24.10%/yr vs 13.99%/yr for AON. Their 0.39 correlation means their historical movements had little consistent relationship.
Performance
PGR vs. AON - Performance Comparison
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Returns By Period
In the year-to-date period, PGR achieves a -0.30% return, which is significantly lower than AON's 4.38% return. Over the past 10 years, PGR has outperformed AON with an annualized return of 24.10%, while AON has yielded a comparatively lower 13.99% annualized return.
PGR
- 1D
- -3.05%
- 1M
- -2.32%
- 6M
- 2.51%
- YTD
- -0.30%
- 1Y
- -6.03%
- 3Y*
- 22.81%
- 5Y*
- 20.16%
- 10Y*
- 24.10%
- ALL TIME*
- 16.86%
AON
- 1D
- -2.81%
- 1M
- 10.52%
- 6M
- 7.40%
- YTD
- 4.38%
- 1Y
- 4.10%
- 3Y*
- 5.62%
- 5Y*
- 7.93%
- 10Y*
- 13.99%
- ALL TIME*
- 11.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AON Aon plc | $622.22M | $505.22M | $534.97M |
| $583.71M | $677.97M | $693.40M |
PGR vs. AON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | -0.30% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
AON Aon plc | 4.38% | -0.94% | 24.45% | -2.31% | 0.61% | 43.39% | 2.37% | 44.68% | 9.94% | 21.49% |
Correlation
The correlation between PGR and AON is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 1986 | 0.39 |
The correlation between PGR and AON shifts across timeframes, from 0.39 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PGR:
$124.00B
AON:
$78.29B
PGR:
$19.67
AON:
$18.14
PGR:
10.85
AON:
20.21
PGR:
0.08
AON:
0.51
PGR:
1.40
AON:
4.50
PGR:
$89.43B
AON:
$17.58B
PGR:
$25.44B
AON:
$14.61B
PGR:
$15.15B
AON:
$6.31B
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Return for Risk
PGR vs. AON — Risk / Return Rank
PGR
AON
PGR vs. AON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Progressive Corporation (PGR) and Aon plc (AON). 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.
| PGR | AON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.05 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 0.24 | -0.54 |
| Martin ratioReturn relative to average drawdown | -0.51 | 0.42 | -0.93 |
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Drawdowns
PGR vs. AON - Drawdown Comparison
The maximum PGR drawdown since its inception was -71.06%, roughly equal to the maximum AON drawdown of -69.05%. Use the drawdown chart below to compare losses from any high point for PGR and AON.
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Drawdown Indicators
| PGR | AON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.06% | -69.05% | -2.01% |
Max Drawdown (1Y)Largest decline over 1 year | -19.79% | -17.28% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -30.35% | -23.84% | -6.51% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -25.38% | -4.97% |
Max Drawdown (10Y)Largest decline over 10 years | -30.35% | -38.73% | +8.38% |
Current DrawdownCurrent decline from peak | -21.95% | -9.44% | -12.51% |
Average DrawdownAverage peak-to-trough decline | -14.55% | -13.67% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.85% | 9.71% | +2.14% |
Volatility
PGR vs. AON - Volatility Comparison
The Progressive Corporation (PGR) has a higher volatility of 13.58% compared to Aon plc (AON) at 9.69%. This indicates that PGR's price experiences larger fluctuations and is considered to be riskier than AON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGR | AON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.58% | 9.69% | +3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 21.96% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.67% | 25.15% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.27% | 23.14% | +2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.85% | 23.61% | +1.24% |
Dividends
PGR vs. AON - Dividend Comparison
PGR's dividend yield for the trailing twelve months is around 6.52%, more than AON's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AON Aon plc | 0.83% | 0.82% | 0.74% | 0.83% | 0.73% | 0.66% | 0.84% | 0.83% | 1.35% | 1.05% | 1.16% | 1.25% |
PGR The Progressive Corporation | 6.52% | 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. AON - Financials Comparison
This section allows you to compare key financial metrics between The Progressive Corporation and Aon plc. 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
Frequently Asked Questions
PGR and AON have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGR has higher volatility (13.58%) compared to AON (9.69%). In terms of maximum drawdown, PGR dropped -71.06% vs AON's -69.05%.
AON currently has the higher Sharpe Ratio (0.16 vs -0.24), 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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