PGR vs. IAU
PGR (The Progressive Corporation) is a stock, while IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price. Over the past 10 years, PGR returned 23.82%/yr vs 11.43%/yr for IAU. At a correlation of -0.01, they often move in opposite directions.
Performance
PGR vs. IAU - Performance Comparison
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Returns By Period
In the year-to-date period, PGR achieves a -0.79% return, which is significantly higher than IAU's -7.17% return. Over the past 10 years, PGR has outperformed IAU with an annualized return of 23.82%, while IAU has yielded a comparatively lower 11.43% 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%
IAU
- 1D
- -0.20%
- 1M
- -5.02%
- 6M
- -12.66%
- YTD
- -7.17%
- 1Y
- 19.36%
- 3Y*
- 26.56%
- 5Y*
- 17.02%
- 10Y*
- 11.43%
- ALL TIME*
- 10.67%
PGR vs. IAU - 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% |
IAU iShares Gold Trust | -7.17% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 12.91% |
Correlation
The correlation between PGR and IAU is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2005 | -0.01 |
The correlation between PGR and IAU shifts across timeframes, from -0.15 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PGR vs. IAU — Risk / Return Rank
PGR
IAU
PGR vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Progressive Corporation (PGR) and iShares Gold Trust (IAU). 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 | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.15 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 0.74 | -1.16 |
| Martin ratioReturn relative to average drawdown | -0.71 | 1.72 | -2.43 |
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Drawdowns
PGR vs. IAU - Drawdown Comparison
The maximum PGR drawdown since its inception was -71.06%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for PGR and IAU.
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Drawdown Indicators
| PGR | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.06% | -45.14% | -25.92% |
Max Drawdown (1Y)Largest decline over 1 year | -19.79% | -26.36% | +6.57% |
Max Drawdown (3Y)Largest decline over 3 years | -30.35% | -26.36% | -3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -26.36% | -3.99% |
Max Drawdown (10Y)Largest decline over 10 years | -30.35% | -26.36% | -3.99% |
Current DrawdownCurrent decline from peak | -22.33% | -25.81% | +3.48% |
Average DrawdownAverage peak-to-trough decline | -14.55% | -16.00% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.71% | 11.25% | +0.46% |
Volatility
PGR vs. IAU - Volatility Comparison
The Progressive Corporation (PGR) has a higher volatility of 14.04% compared to iShares Gold Trust (IAU) at 6.34%. This indicates that PGR's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGR | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.04% | 6.34% | +7.70% |
Volatility (6M)Calculated over the trailing 6-month period | 20.19% | 24.03% | -3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.34% | 27.86% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.16% | 18.36% | +6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.79% | 16.05% | +8.74% |
Dividends
PGR vs. IAU - Dividend Comparison
PGR's dividend yield for the trailing twelve months is around 6.55%, while IAU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | 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 | 6.55% | 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 IAU have a correlation of -0.15, 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 IAU (6.34%). In terms of maximum drawdown, PGR dropped -71.06% vs IAU's -45.14%.
IAU currently has the higher Sharpe Ratio (0.70 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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