PGR vs. GS
PGR (The Progressive Corporation) and GS (The Goldman Sachs Group, Inc.) are both stocks. Both are in the Financial Services sector — PGR in Insurance - Property & Casualty, GS in Capital Markets. Over the past 10 years, PGR returned 23.25%/yr vs 23.96%/yr for GS. At a 0.39 correlation, their price movements are largely independent.
Performance
PGR vs. GS - 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 GS's 20.04% return. Both investments have delivered pretty close results over the past 10 years, with PGR having a 23.25% annualized return and GS not far ahead at 23.96%.
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%
GS
- 1D
- 0.61%
- 1M
- 12.08%
- YTD
- 20.04%
- 6M
- 21.74%
- 1Y
- 73.62%
- 3Y*
- 49.42%
- 5Y*
- 25.24%
- 10Y*
- 23.96%
PGR vs. GS - 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% |
GS The Goldman Sachs Group, Inc. | 20.04% | 56.64% | 52.03% | 15.91% | -7.87% | 47.61% | 17.45% | 40.48% | -33.53% | 7.73% |
Correlation
The correlation between PGR and GS is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 5, 1999 | 0.39 |
The correlation between PGR and GS shifts across timeframes, from -0.04 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PGR:
$19.23
GS:
$57.41
PGR:
10.41
GS:
18.20
PGR:
0.08
GS:
2.36
PGR:
1.34
GS:
2.97
PGR:
$87.65B
GS:
$110.77B
PGR:
$23.23B
GS:
$61.53B
PGR:
$14.81B
GS:
$24.94B
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Return for Risk
PGR vs. GS — Risk / Return Rank
PGR
GS
PGR vs. GS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Progressive Corporation (PGR) and The Goldman Sachs Group, Inc. (GS). 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 | GS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.68 | ||
| Sortino ratioReturn per unit of downside risk | -4.65 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.43 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 3.81 | -4.75 |
| Martin ratioReturn relative to average drawdown | -1.43 | 12.74 | -14.17 |
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 | GS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.04 | 2.64 | -3.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.91 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.81 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.33 | +0.25 |
Drawdowns
PGR vs. GS - Drawdown Comparison
The maximum PGR drawdown since its inception was -71.06%, smaller than the maximum GS drawdown of -78.84%. Use the drawdown chart below to compare losses from any high point for PGR and GS.
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Drawdown Indicators
| PGR | GS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.06% | -78.84% | +7.78% |
Max Drawdown (1Y)Largest decline over 1 year | -25.27% | -19.42% | -5.85% |
Max Drawdown (3Y)Largest decline over 3 years | -30.35% | -30.90% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -32.84% | +2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -30.35% | -48.75% | +18.40% |
Current DrawdownCurrent decline from peak | -26.74% | -4.36% | -22.38% |
Average DrawdownAverage peak-to-trough decline | -14.53% | -22.62% | +8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.79% | 5.80% | +12.99% |
Volatility
PGR vs. GS - Volatility Comparison
The current volatility for The Progressive Corporation (PGR) is 7.57%, while The Goldman Sachs Group, Inc. (GS) has a volatility of 10.56%. This indicates that PGR experiences smaller price fluctuations and is considered to be less risky than GS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGR | GS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 10.56% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 16.95% | 23.02% | -6.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.76% | 28.14% | -5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.55% | 28.03% | -3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 29.84% | -5.36% |
Dividends
PGR vs. GS - Dividend Comparison
PGR's dividend yield for the trailing twelve months is around 6.94%, more than GS's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 1.63% | 1.59% | 2.01% | 2.72% | 2.62% | 1.70% | 1.90% | 1.80% | 1.89% | 1.14% | 1.09% | 1.41% |
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. GS - Financials Comparison
This section allows you to compare key financial metrics between The Progressive Corporation and The Goldman Sachs Group, 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. GS - 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%.
GS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Goldman Sachs Group, Inc. reported a gross profit of 16.91B and revenue of 17.23B. Therefore, the gross margin over that period was 98.2%.
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%.
GS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Goldman Sachs Group, Inc. reported an operating income of 6.49B and revenue of 17.23B, resulting in an operating margin of 37.7%.
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%.
GS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Goldman Sachs Group, Inc. reported a net income of 5.63B and revenue of 17.23B, resulting in a net margin of 32.7%.
Frequently Asked Questions
PGR and GS have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GS has higher volatility (10.56%) compared to PGR (7.57%). In terms of maximum drawdown, PGR dropped -71.06% vs GS's -78.84%.
GS currently has the higher Sharpe Ratio (2.64 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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