PGR vs. CMG
PGR (The Progressive Corporation) and CMG (Chipotle Mexican Grill, Inc.) are both stocks. PGR operates in Insurance - Property & Casualty (Financial Services), while CMG operates in Restaurants (Consumer Cyclical). Over the past 10 years, PGR returned 23.64%/yr vs 15.09%/yr for CMG. At a 0.25 correlation, their price movements are largely independent.
Performance
PGR vs. CMG - Performance Comparison
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Returns By Period
In the year-to-date period, PGR achieves a -5.09% return, which is significantly higher than CMG's -12.89% return. Over the past 10 years, PGR has outperformed CMG with an annualized return of 23.64%, while CMG has yielded a comparatively lower 15.09% annualized return.
PGR
- 1D
- 0.42%
- 1M
- 1.69%
- YTD
- -5.09%
- 6M
- -7.97%
- 1Y
- -19.25%
- 3Y*
- 19.07%
- 5Y*
- 19.40%
- 10Y*
- 23.64%
CMG
- 1D
- 3.14%
- 1M
- -1.29%
- YTD
- -12.89%
- 6M
- -10.82%
- 1Y
- -35.85%
- 3Y*
- -7.94%
- 5Y*
- 3.35%
- 10Y*
- 15.09%
PGR vs. CMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | -5.09% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
CMG Chipotle Mexican Grill, Inc. | -12.89% | -38.64% | 31.83% | 64.83% | -20.64% | 26.07% | 65.65% | 93.87% | 49.39% | -23.40% |
Correlation
The correlation between PGR and CMG is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2006 | 0.25 |
The correlation between PGR and CMG shifts across timeframes, from 0.10 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PGR:
$19.23
CMG:
$1.09
PGR:
10.56
CMG:
29.48
PGR:
0.08
CMG:
1.10
PGR:
1.36
CMG:
3.53
PGR:
$87.65B
CMG:
$12.14B
PGR:
$23.23B
CMG:
$4.39B
PGR:
$14.81B
CMG:
$2.30B
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Return for Risk
PGR vs. CMG — Risk / Return Rank
PGR
CMG
PGR vs. CMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Progressive Corporation (PGR) and Chipotle Mexican Grill, Inc. (CMG). 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 | CMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.83 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.71 | -0.09 |
| Martin ratioReturn relative to average drawdown | -1.23 | -1.04 | -0.19 |
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Drawdowns
PGR vs. CMG - Drawdown Comparison
The maximum PGR drawdown since its inception was -71.06%, roughly equal to the maximum CMG drawdown of -74.61%. Use the drawdown chart below to compare losses from any high point for PGR and CMG.
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Drawdown Indicators
| PGR | CMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.06% | -74.61% | +3.55% |
Max Drawdown (1Y)Largest decline over 1 year | -24.30% | -51.61% | +27.31% |
Max Drawdown (3Y)Largest decline over 3 years | -30.35% | -58.89% | +28.54% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -58.89% | +28.54% |
Max Drawdown (10Y)Largest decline over 10 years | -30.35% | -58.89% | +28.54% |
Current DrawdownCurrent decline from peak | -25.70% | -52.98% | +27.28% |
Average DrawdownAverage peak-to-trough decline | -14.53% | -21.37% | +6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.96% | 35.40% | -19.44% |
Volatility
PGR vs. CMG - Volatility Comparison
The current volatility for The Progressive Corporation (PGR) is 7.54%, while Chipotle Mexican Grill, Inc. (CMG) has a volatility of 10.80%. This indicates that PGR experiences smaller price fluctuations and is considered to be less risky than CMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGR | CMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 10.80% | -3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 16.87% | 23.87% | -7.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.55% | 38.63% | -16.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.55% | 33.60% | -9.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 35.63% | -11.15% |
Dividends
PGR vs. CMG - Dividend Comparison
PGR's dividend yield for the trailing twelve months is around 6.84%, while CMG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMG Chipotle Mexican Grill, 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% |
PGR The Progressive Corporation | 6.84% | 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. CMG - Financials Comparison
This section allows you to compare key financial metrics between The Progressive Corporation and Chipotle Mexican Grill, 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. CMG - 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%.
CMG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Chipotle Mexican Grill, Inc. reported a gross profit of 2.11B and revenue of 3.09B. Therefore, the gross margin over that period was 68.4%.
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%.
CMG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Chipotle Mexican Grill, Inc. reported an operating income of 397.06M and revenue of 3.09B, resulting in an operating margin of 12.9%.
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%.
CMG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Chipotle Mexican Grill, Inc. reported a net income of 302.82M and revenue of 3.09B, resulting in a net margin of 9.8%.
Frequently Asked Questions
PGR and CMG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMG has higher volatility (10.80%) compared to PGR (7.54%). In terms of maximum drawdown, PGR dropped -71.06% vs CMG's -74.61%.
PGR currently has the higher Sharpe Ratio (-0.87 vs -0.95), 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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