PGRO vs. PGR
PGRO (Putnam Focused Large Cap Growth ETF) is Large Cap Growth Equities fund actively managed by Putnam, while PGR (The Progressive Corporation) is a stock. Over the past 5 years, PGRO returned 10.40%/yr vs 19.95%/yr for PGR. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
PGRO vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, PGRO achieves a 1.37% return, which is significantly higher than PGR's -1.17% return.
PGRO
- 1D
- 0.76%
- 1M
- -2.55%
- 6M
- 2.79%
- YTD
- 1.37%
- 1Y
- 9.32%
- 3Y*
- 19.26%
- 5Y*
- 10.40%
- 10Y*
- —
- ALL TIME*
- 12.18%
PGR
- 1D
- -0.87%
- 1M
- -8.96%
- 6M
- 1.74%
- YTD
- -1.17%
- 1Y
- -6.61%
- 3Y*
- 21.99%
- 5Y*
- 19.95%
- 10Y*
- 23.97%
- ALL TIME*
- 16.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $553.97M | $662.84M | $690.26M | |
| $9.82M | $4.94M | $2.18M |
PGRO vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PGRO Putnam Focused Large Cap Growth ETF | 1.37% | 15.13% | 34.01% | 45.19% | -31.53% | 16.63% |
PGR The Progressive Corporation | -1.17% | -3.02% | 51.39% | 23.16% | 26.81% | 7.31% |
Correlation
The correlation between PGRO and PGR is -0.30, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.30 |
Correlation (3Y) Balances recent behavior with more history. | -0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.08 |
The correlation between PGRO and PGR shifts across timeframes, from -0.30 (1 year) to 0.08 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PGRO vs. PGR — Risk / Return Rank
PGRO
PGR
PGRO vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Growth ETF (PGRO) and The Progressive Corporation (PGR). 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.
| PGRO | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.97 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | -0.35 | +0.80 |
| Martin ratioReturn relative to average drawdown | 1.32 | -0.59 | +1.91 |
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Drawdowns
PGRO vs. PGR - Drawdown Comparison
The maximum PGRO drawdown since its inception was -34.73%, smaller than the maximum PGR drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for PGRO and PGR.
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Drawdown Indicators
| PGRO | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.73% | -71.06% | +36.33% |
Max Drawdown (1Y)Largest decline over 1 year | -16.34% | -19.79% | +3.45% |
Max Drawdown (3Y)Largest decline over 3 years | -23.31% | -30.35% | +7.04% |
Max Drawdown (5Y)Largest decline over 5 years | -34.73% | -30.35% | -4.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.35% | — |
Current DrawdownCurrent decline from peak | -8.08% | -22.63% | +14.55% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -14.55% | +4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.52% | 11.87% | -6.35% |
Volatility
PGRO vs. PGR - Volatility Comparison
The current volatility for Putnam Focused Large Cap Growth ETF (PGRO) is 5.72%, while The Progressive Corporation (PGR) has a volatility of 13.17%. This indicates that PGRO experiences smaller price fluctuations and is considered to be less risky than PGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGRO | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 13.17% | -7.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 20.69% | -6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.90% | 25.68% | -7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.07% | 25.26% | -3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.77% | 24.85% | -3.08% |
Dividends
PGRO vs. PGR - Dividend Comparison
PGRO's dividend yield for the trailing twelve months is around 0.02%, less than PGR's 6.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | 6.57% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
PGRO Putnam Focused Large Cap Growth ETF | 0.02% | 0.02% | 0.08% | 0.19% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PGRO and PGR have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGR has higher volatility (13.17%) compared to PGRO (5.72%). In terms of maximum drawdown, PGRO dropped -34.73% vs PGR's -71.06%.
PGRO currently has the higher Sharpe Ratio (0.41 vs -0.27), 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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