PGR vs. LMND
PGR (The Progressive Corporation) and LMND (Lemonade, Inc.) are both stocks. Both operate in the Insurance - Property & Casualty industry within the Financial Services sector. Over the past 5 years, PGR returned 20.16%/yr vs -11.02%/yr for LMND. Their 0.11 correlation means their historical movements had little consistent relationship.
Performance
PGR vs. LMND - Performance Comparison
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Returns By Period
In the year-to-date period, PGR achieves a -0.30% return, which is significantly higher than LMND's -31.76% return.
PGR
- 1D
- -3.05%
- 1M
- -2.32%
- 6M
- 2.51%
- YTD
- -0.30%
- 1Y
- -6.03%
- 3Y*
- 22.81%
- 5Y*
- 20.16%
- 10Y*
- 24.10%
- ALL TIME*
- 16.86%
LMND
- 1D
- 2.51%
- 1M
- -25.33%
- 6M
- -46.79%
- YTD
- -31.76%
- 1Y
- 33.88%
- 3Y*
- 27.83%
- 5Y*
- -11.02%
- 10Y*
- —
- ALL TIME*
- -0.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
LMND Lemonade, Inc. | $104.93M | $107.32M | $93.03M |
| $583.71M | $677.97M | $693.40M |
PGR vs. LMND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | -0.30% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 24.20% |
LMND Lemonade, Inc. | -31.76% | 94.06% | 127.40% | 17.91% | -67.51% | -65.62% | 144.71% |
Correlation
The correlation between PGR and LMND is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020 | 0.11 |
The correlation between PGR and LMND shifts across timeframes, from 0.00 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PGR:
$124.00B
LMND:
$3.73B
PGR:
$19.67
LMND:
-$1.87
PGR:
1.40
LMND:
4.38
PGR:
$89.43B
LMND:
$821.10M
PGR:
$25.44B
LMND:
$390.70M
PGR:
$15.15B
LMND:
-$120.70M
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Return for Risk
PGR vs. LMND — Risk / Return Rank
PGR
LMND
PGR vs. LMND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Progressive Corporation (PGR) and Lemonade, Inc. (LMND). 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 | LMND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.15 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 0.67 | -0.97 |
| Martin ratioReturn relative to average drawdown | -0.51 | 1.25 | -1.76 |
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Drawdowns
PGR vs. LMND - Drawdown Comparison
The maximum PGR drawdown since its inception was -71.06%, smaller than the maximum LMND drawdown of -94.23%. Use the drawdown chart below to compare losses from any high point for PGR and LMND.
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Drawdown Indicators
| PGR | LMND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.06% | -94.23% | +23.17% |
Max Drawdown (1Y)Largest decline over 1 year | -19.79% | -50.94% | +31.15% |
Max Drawdown (3Y)Largest decline over 3 years | -30.35% | -53.23% | +22.88% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -88.24% | +57.89% |
Max Drawdown (10Y)Largest decline over 10 years | -30.35% | — | — |
Current DrawdownCurrent decline from peak | -21.95% | -73.50% | +51.55% |
Average DrawdownAverage peak-to-trough decline | -14.55% | -72.86% | +58.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.85% | 27.25% | -15.40% |
Volatility
PGR vs. LMND - Volatility Comparison
The current volatility for The Progressive Corporation (PGR) is 13.58%, while Lemonade, Inc. (LMND) has a volatility of 33.57%. This indicates that PGR experiences smaller price fluctuations and is considered to be less risky than LMND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGR | LMND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.58% | 33.57% | -19.99% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 58.71% | -37.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.67% | 87.49% | -61.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.27% | 83.12% | -57.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.85% | 86.66% | -61.81% |
Dividends
PGR vs. LMND - Dividend Comparison
PGR's dividend yield for the trailing twelve months is around 6.52%, while LMND has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMND Lemonade, Inc. | 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 | 6.52% | 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. LMND - Financials Comparison
This section allows you to compare key financial metrics between The Progressive Corporation and Lemonade, 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. LMND - 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%.
LMND - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Lemonade, Inc. reported a gross profit of 101.10M and revenue of 234.40M. Therefore, the gross margin over that period was 43.1%.
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%.
LMND - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Lemonade, Inc. reported an operating income of -34.60M and revenue of 234.40M, resulting in an operating margin of -14.8%.
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%.
LMND - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Lemonade, Inc. reported a net income of -35.80M and revenue of 234.40M, resulting in a net margin of -15.3%.
Frequently Asked Questions
PGR and LMND 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.
LMND has higher volatility (33.57%) compared to PGR (13.58%). In terms of maximum drawdown, PGR dropped -71.06% vs LMND's -94.23%.
LMND currently has the higher Sharpe Ratio (0.39 vs -0.24), 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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