PGR vs. PRVAX
PGR (The Progressive Corporation) is a stock, while PRVAX (T. Rowe Virginia Tax Free Bond Fund) is Municipal Bonds fund managed by T. Rowe Price. Over the past 10 years, PGR returned 23.78%/yr vs 2.14%/yr for PRVAX. At a correlation of -0.03, they often move in opposite directions.
Performance
PGR vs. PRVAX - Performance Comparison
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Returns By Period
In the year-to-date period, PGR achieves a -4.91% return, which is significantly lower than PRVAX's 2.02% return. Over the past 10 years, PGR has outperformed PRVAX with an annualized return of 23.78%, while PRVAX has yielded a comparatively lower 2.14% annualized return.
PGR
- 1D
- 0.19%
- 1M
- 1.89%
- YTD
- -4.91%
- 6M
- -8.39%
- 1Y
- -19.09%
- 3Y*
- 19.66%
- 5Y*
- 19.62%
- 10Y*
- 23.78%
PRVAX
- 1D
- 0.00%
- 1M
- 1.55%
- YTD
- 2.02%
- 6M
- 2.71%
- 1Y
- 9.06%
- 3Y*
- 4.70%
- 5Y*
- 1.10%
- 10Y*
- 2.14%
PGR vs. PRVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | -4.91% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
PRVAX T. Rowe Virginia Tax Free Bond Fund | 2.02% | 4.32% | 3.35% | 7.10% | -10.90% | 2.37% | 5.25% | 6.66% | 0.72% | 4.71% |
Correlation
The correlation between PGR and PRVAX 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 | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1992 | -0.03 |
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Return for Risk
PGR vs. PRVAX — Risk / Return Rank
PGR
PRVAX
PGR vs. PRVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Progressive Corporation (PGR) and T. Rowe Virginia Tax Free Bond Fund (PRVAX). 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 | PRVAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.86 | ||
| Sortino ratioReturn per unit of downside risk | -5.82 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.75 | -0.87 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 3.24 | -4.04 |
| Martin ratioReturn relative to average drawdown | -1.23 | 11.34 | -12.57 |
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Drawdowns
PGR vs. PRVAX - Drawdown Comparison
The maximum PGR drawdown since its inception was -71.06%, which is greater than PRVAX's maximum drawdown of -15.93%. Use the drawdown chart below to compare losses from any high point for PGR and PRVAX.
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Drawdown Indicators
| PGR | PRVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.06% | -15.93% | -55.13% |
Max Drawdown (1Y)Largest decline over 1 year | -24.02% | -2.82% | -21.20% |
Max Drawdown (3Y)Largest decline over 3 years | -30.35% | -6.95% | -23.40% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -15.93% | -14.42% |
Max Drawdown (10Y)Largest decline over 10 years | -30.35% | -15.93% | -14.42% |
Current DrawdownCurrent decline from peak | -25.56% | -0.27% | -25.29% |
Average DrawdownAverage peak-to-trough decline | -14.54% | -1.87% | -12.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.84% | 0.79% | +15.05% |
Volatility
PGR vs. PRVAX - Volatility Comparison
The Progressive Corporation (PGR) has a higher volatility of 7.53% compared to T. Rowe Virginia Tax Free Bond Fund (PRVAX) at 1.19%. This indicates that PGR's price experiences larger fluctuations and is considered to be riskier than PRVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGR | PRVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 1.19% | +6.34% |
Volatility (6M)Calculated over the trailing 6-month period | 16.52% | 2.21% | +14.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.51% | 3.06% | +19.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.56% | 4.57% | +19.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 4.19% | +20.29% |
Dividends
PGR vs. PRVAX - Dividend Comparison
PGR's dividend yield for the trailing twelve months is around 6.83%, more than PRVAX's 4.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | 6.83% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
PRVAX T. Rowe Virginia Tax Free Bond Fund | 4.41% | 4.42% | 4.00% | 3.41% | 2.04% | 2.26% | 2.47% | 2.82% | 3.16% | 3.16% | 3.22% | 3.40% |
Frequently Asked Questions
PGR and PRVAX 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 (7.53%) compared to PRVAX (1.19%). In terms of maximum drawdown, PGR dropped -71.06% vs PRVAX's -15.93%.
PRVAX currently has the higher Sharpe Ratio (3.00 vs -0.85), 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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