PGR vs. GSY
PGR (The Progressive Corporation) is a stock, while GSY (Invesco Ultra Short Duration ETF) is Ultrashort Bond fund actively managed by Invesco. Over the past 10 years, PGR returned 23.64%/yr vs 2.86%/yr for GSY. At a correlation of -0.01, they often move in opposite directions.
Performance
PGR vs. GSY - 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 GSY's 1.72% return. Over the past 10 years, PGR has outperformed GSY with an annualized return of 23.64%, while GSY has yielded a comparatively lower 2.86% annualized return.
PGR
- 1D
- 0.42%
- 1M
- 3.65%
- YTD
- -5.09%
- 6M
- -7.97%
- 1Y
- -19.42%
- 3Y*
- 19.07%
- 5Y*
- 19.40%
- 10Y*
- 23.64%
GSY
- 1D
- 0.00%
- 1M
- 0.37%
- YTD
- 1.72%
- 6M
- 1.96%
- 1Y
- 4.52%
- 3Y*
- 5.48%
- 5Y*
- 3.68%
- 10Y*
- 2.86%
PGR vs. GSY - 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% |
GSY Invesco Ultra Short Duration ETF | 1.72% | 4.96% | 5.95% | 5.99% | 0.01% | 0.03% | 1.88% | 3.39% | 2.18% | 1.86% |
Correlation
The correlation between PGR and GSY is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2008 | -0.01 |
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Return for Risk
PGR vs. GSY — Risk / Return Rank
PGR
GSY
PGR vs. GSY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Progressive Corporation (PGR) and Invesco Ultra Short Duration ETF (GSY). 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 | GSY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.07 | ||
| Sortino ratioReturn per unit of downside risk | -28.48 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 6.54 | -5.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 75.72 | -76.52 |
| Martin ratioReturn relative to average drawdown | -1.23 | 373.96 | -375.19 |
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Drawdowns
PGR vs. GSY - Drawdown Comparison
The maximum PGR drawdown since its inception was -71.06%, which is greater than GSY's maximum drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for PGR and GSY.
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Drawdown Indicators
| PGR | GSY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.06% | -12.14% | -58.92% |
Max Drawdown (1Y)Largest decline over 1 year | -24.30% | -0.06% | -24.24% |
Max Drawdown (3Y)Largest decline over 3 years | -30.35% | -0.18% | -30.17% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -1.48% | -28.87% |
Max Drawdown (10Y)Largest decline over 10 years | -30.35% | -5.25% | -25.10% |
Current DrawdownCurrent decline from peak | -25.70% | 0.00% | -25.70% |
Average DrawdownAverage peak-to-trough decline | -14.53% | -2.38% | -12.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.96% | 0.01% | +15.95% |
Volatility
PGR vs. GSY - Volatility Comparison
The Progressive Corporation (PGR) has a higher volatility of 7.54% compared to Invesco Ultra Short Duration ETF (GSY) at 0.15%. This indicates that PGR's price experiences larger fluctuations and is considered to be riskier than GSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGR | GSY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 0.15% | +7.39% |
Volatility (6M)Calculated over the trailing 6-month period | 16.87% | 0.31% | +16.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.55% | 0.40% | +22.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.55% | 0.58% | +23.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 1.22% | +23.26% |
Dividends
PGR vs. GSY - Dividend Comparison
PGR's dividend yield for the trailing twelve months is around 6.84%, more than GSY's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 4.34% | 4.56% | 5.31% | 4.95% | 1.70% | 0.58% | 1.45% | 2.71% | 2.30% | 1.80% | 1.21% | 1.17% |
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% |
Frequently Asked Questions
PGR and GSY have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGR has higher volatility (7.54%) compared to GSY (0.15%). In terms of maximum drawdown, PGR dropped -71.06% vs GSY's -12.14%.
GSY currently has the higher Sharpe Ratio (11.20 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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