PGR vs. EMR
PGR (The Progressive Corporation) and EMR (Emerson Electric Co.) are both stocks. PGR operates in Insurance - Property & Casualty (Financial Services), while EMR operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, PGR returned 23.82%/yr vs 12.13%/yr for EMR. At a 0.31 correlation, their price movements are largely independent.
Performance
PGR vs. EMR - Performance Comparison
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Returns By Period
In the year-to-date period, PGR achieves a -0.79% return, which is significantly lower than EMR's 3.72% return. Over the past 10 years, PGR has outperformed EMR with an annualized return of 23.82%, while EMR has yielded a comparatively lower 12.13% annualized return.
PGR
- 1D
- 2.06%
- 1M
- 3.64%
- 6M
- 4.97%
- YTD
- -0.79%
- 1Y
- -8.28%
- 3Y*
- 23.12%
- 5Y*
- 20.34%
- 10Y*
- 23.82%
- ALL TIME*
- 16.86%
EMR
- 1D
- -2.12%
- 1M
- -9.35%
- 6M
- -7.90%
- YTD
- 3.72%
- 1Y
- -3.76%
- 3Y*
- 16.51%
- 5Y*
- 8.97%
- 10Y*
- 12.13%
- ALL TIME*
- 9.05%
PGR vs. EMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | -0.79% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
EMR Emerson Electric Co. | 3.72% | 8.92% | 29.73% | 3.75% | 5.74% | 18.19% | 8.61% | 31.53% | -11.87% | 29.05% |
Correlation
The correlation between PGR and EMR is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 1986 | 0.31 |
The correlation between PGR and EMR shifts across timeframes, from -0.14 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PGR:
$123.39B
EMR:
$76.50B
PGR:
$19.67
EMR:
$4.33
PGR:
10.79
EMR:
31.52
PGR:
0.08
EMR:
11.20
PGR:
1.39
EMR:
4.21
PGR:
$89.43B
EMR:
$18.32B
PGR:
$25.44B
EMR:
$7.22B
PGR:
$15.15B
EMR:
$3.87B
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Return for Risk
PGR vs. EMR — Risk / Return Rank
PGR
EMR
PGR vs. EMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Progressive Corporation (PGR) and Emerson Electric Co. (EMR). 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 | EMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.01 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.16 | -0.26 |
| Martin ratioReturn relative to average drawdown | -0.71 | -0.33 | -0.38 |
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Drawdowns
PGR vs. EMR - Drawdown Comparison
The maximum PGR drawdown since its inception was -71.06%, which is greater than EMR's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for PGR and EMR.
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Drawdown Indicators
| PGR | EMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.06% | -59.05% | -12.01% |
Max Drawdown (1Y)Largest decline over 1 year | -19.79% | -23.45% | +3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -30.35% | -29.62% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -29.62% | -0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -30.35% | -50.77% | +20.42% |
Current DrawdownCurrent decline from peak | -22.33% | -14.86% | -7.47% |
Average DrawdownAverage peak-to-trough decline | -14.55% | -14.11% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.71% | 11.42% | +0.29% |
Volatility
PGR vs. EMR - Volatility Comparison
The Progressive Corporation (PGR) has a higher volatility of 14.04% compared to Emerson Electric Co. (EMR) at 8.37%. This indicates that PGR's price experiences larger fluctuations and is considered to be riskier than EMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGR | EMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.04% | 8.37% | +5.67% |
Volatility (6M)Calculated over the trailing 6-month period | 20.19% | 25.42% | -5.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.34% | 31.21% | -5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.16% | 27.39% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.79% | 29.15% | -4.36% |
Dividends
PGR vs. EMR - Dividend Comparison
PGR's dividend yield for the trailing twelve months is around 6.55%, more than EMR's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMR Emerson Electric Co. | 1.61% | 1.61% | 1.70% | 2.14% | 2.15% | 2.18% | 2.49% | 2.58% | 3.26% | 2.76% | 3.42% | 3.94% |
PGR The Progressive Corporation | 6.55% | 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. EMR - Financials Comparison
This section allows you to compare key financial metrics between The Progressive Corporation and Emerson Electric Co.. 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. EMR - Profitability Comparison
PGR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, The Progressive Corporation reported a gross profit of 8.35B and revenue of 22.18B. Therefore, the gross margin over that period was 37.7%.
EMR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Emerson Electric Co. reported a gross profit of 0.00 and revenue of 4.56B. Therefore, the gross margin over that period was 0.0%.
PGR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, The Progressive Corporation reported an operating income of 3.57B and revenue of 22.18B, resulting in an operating margin of 16.1%.
EMR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Emerson Electric Co. reported an operating income of 0.00 and revenue of 4.56B, resulting in an operating margin of 0.0%.
PGR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, The Progressive Corporation reported a net income of 2.82B and revenue of 22.18B, resulting in a net margin of 12.7%.
EMR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Emerson Electric Co. reported a net income of 618.00M and revenue of 4.56B, resulting in a net margin of 13.6%.
Frequently Asked Questions
PGR and EMR have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGR has higher volatility (14.04%) compared to EMR (8.37%). In terms of maximum drawdown, PGR dropped -71.06% vs EMR's -59.05%.
EMR currently has the higher Sharpe Ratio (-0.12 vs -0.33), 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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