PGR vs. CVX
PGR (The Progressive Corporation) and CVX (Chevron Corporation) are both stocks. PGR operates in Insurance - Property & Casualty (Financial Services), while CVX operates in Oil & Gas Integrated (Energy). Over the past 10 years, PGR returned 23.64%/yr vs 10.94%/yr for CVX. At a 0.33 correlation, their price movements are largely independent.
Performance
PGR vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, PGR achieves a -5.09% return, which is significantly lower than CVX's 25.18% return. Over the past 10 years, PGR has outperformed CVX with an annualized return of 23.64%, while CVX has yielded a comparatively lower 10.94% 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%
CVX
- 1D
- 0.75%
- 1M
- -1.13%
- YTD
- 25.18%
- 6M
- 27.20%
- 1Y
- 33.69%
- 3Y*
- 10.25%
- 5Y*
- 16.33%
- 10Y*
- 10.94%
PGR vs. CVX - 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% |
CVX Chevron Corporation | 25.18% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between PGR and CVX 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 | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2001 | 0.33 |
Over the past year, the correlation between PGR and CVX has dropped to 0.11 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
Fundamentals
PGR:
$19.23
CVX:
$5.75
PGR:
10.56
CVX:
32.54
PGR:
0.08
CVX:
3.17
PGR:
1.36
CVX:
1.93
PGR:
$87.65B
CVX:
$185.89B
PGR:
$23.23B
CVX:
$47.27B
PGR:
$14.81B
CVX:
$40.44B
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Return for Risk
PGR vs. CVX — Risk / Return Rank
PGR
CVX
PGR vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Progressive Corporation (PGR) and Chevron Corporation (CVX). 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 | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.44 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.27 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.48 | -3.28 |
| Martin ratioReturn relative to average drawdown | -1.23 | 6.10 | -7.33 |
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Drawdowns
PGR vs. CVX - Drawdown Comparison
The maximum PGR drawdown since its inception was -71.06%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for PGR and CVX.
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Drawdown Indicators
| PGR | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.06% | -55.77% | -15.29% |
Max Drawdown (1Y)Largest decline over 1 year | -24.30% | -13.99% | -10.31% |
Max Drawdown (3Y)Largest decline over 3 years | -30.35% | -20.64% | -9.71% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -24.95% | -5.40% |
Max Drawdown (10Y)Largest decline over 10 years | -30.35% | -55.77% | +25.42% |
Current DrawdownCurrent decline from peak | -25.70% | -10.52% | -15.18% |
Average DrawdownAverage peak-to-trough decline | -14.53% | -11.39% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.96% | 5.68% | +10.28% |
Volatility
PGR vs. CVX - Volatility Comparison
The Progressive Corporation (PGR) and Chevron Corporation (CVX) have volatilities of 7.54% and 7.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGR | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 7.62% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.87% | 17.86% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.55% | 22.06% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.55% | 25.15% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 29.16% | -4.68% |
Dividends
PGR vs. CVX - Dividend Comparison
PGR's dividend yield for the trailing twelve months is around 6.84%, more than CVX's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.73% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
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. CVX - Financials Comparison
This section allows you to compare key financial metrics between The Progressive Corporation and Chevron Corporation. 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. CVX - 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%.
CVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported a gross profit of 4.55B and revenue of 47.56B. Therefore, the gross margin over that period was 9.6%.
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%.
CVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported an operating income of 3.24B and revenue of 47.56B, resulting in an operating margin of 6.8%.
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%.
CVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported a net income of 2.21B and revenue of 47.56B, resulting in a net margin of 4.7%.
Frequently Asked Questions
PGR and CVX 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.
CVX has higher volatility (7.62%) compared to PGR (7.54%). In terms of maximum drawdown, PGR dropped -71.06% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (1.57 vs -0.87), 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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