PRGS vs. NEOV

Last updated Jun 13, 2026

PRGS (Progress Software Corporation) and NEOV (NeoVolta Inc. Common Stock) are both stocks. PRGS operates in Software - Application (Technology), while NEOV operates in Electrical Equipment & Parts (Industrials). Over the past 5 years, PRGS returned -7.35%/yr vs -23.87%/yr for NEOV. At a 0.06 correlation, their price movements are largely independent.

Performance

PRGS vs. NEOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Progress Software Corporation (PRGS) and NeoVolta Inc. Common Stock (NEOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRGS achieves a -26.75% return, which is significantly higher than NEOV's -41.45% return.

PRGS

• 1D: -0.38%
• 1M: 17.43%
• YTD: -26.75%
• 6M: -29.75%
• 1Y: -49.74%
• 3Y*: -19.45%
• 5Y*: -7.35%
• 10Y*: 3.19%

NEOV

• 1D: -1.66%
• 1M: -30.47%
• YTD: -41.45%
• 6M: -51.63%
• 1Y: -38.83%
• 3Y*: -16.61%
• 5Y*: -23.87%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRGS vs. NEOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PRGS Progress Software Corporation	-26.75%	-34.06%	21.16%	8.94%	6.05%	8.44%	19.09%
NEOV NeoVolta Inc. Common Stock	-41.45%	-41.65%	225.62%	-42.65%	-60.20%	60.78%	45.33%

Correlation

The correlation between PRGS and NEOV is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (All Time) Calculated using the full available price history since May 20, 2020	0.06

Fundamentals

Market Cap PRGS : $1.34B NEOV : $71.54M
EPS PRGS : $1.95 NEOV : -$0.32
PS Ratio PRGS : 1.39 NEOV : 3.98
PB Ratio PRGS : 2.70 NEOV : 3.23
Total Revenue (TTM) PRGS : $987.62M NEOV : $16.05M
Gross Profit (TTM) PRGS : $802.40M NEOV : $3.74M
EBITDA (TTM) PRGS : $136.06M NEOV : -$9.07M

Return for Risk

PRGS vs. NEOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRGS

PRGS Risk / Return Rank: 8
PRGS Sharpe Ratio Rank: 5
PRGS Sortino Ratio Rank: 6
PRGS Omega Ratio Rank: 6
PRGS Calmar Ratio Rank: 11
PRGS Martin Ratio Rank: 12

NEOV

NEOV Risk / Return Rank: 29
NEOV Sharpe Ratio Rank: 28
NEOV Sortino Ratio Rank: 38
NEOV Omega Ratio Rank: 38
NEOV Calmar Ratio Rank: 23
NEOV Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRGS vs. NEOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Progress Software Corporation (PRGS) and NeoVolta Inc. Common Stock (NEOV). 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.

	PRGS	NEOV	Difference
Sharpe ratio: Return per unit of total volatility	-1.03	-0.33	-0.70
Sortino ratio: Return per unit of downside risk	-1.54	0.29	-1.83
Omega ratio: Gain probability vs. loss probability	0.81	1.04	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.82	-0.54	-0.28
Martin ratio: Return relative to average drawdown	-1.30	-1.08	-0.21

PRGS vs. NEOV - Sharpe Ratio Comparison

The current PRGS Sharpe Ratio is -1.03, which is lower than the NEOV Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of PRGS and NEOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRGS vs. NEOV - Drawdown Comparison

The maximum PRGS drawdown since its inception was -67.33%, smaller than the maximum NEOV drawdown of -90.38%. Use the drawdown chart below to compare losses from any high point for PRGS and NEOV.

Drawdown Indicators

	PRGS	NEOV	Difference
Max Drawdown Largest peak-to-trough decline	-67.33%	-90.38%	+23.05%
Max Drawdown (1Y) Largest decline over 1 year	-61.14%	-73.60%	+12.46%
Max Drawdown (3Y) Largest decline over 3 years	-64.10%	-84.32%	+20.22%
Max Drawdown (5Y) Largest decline over 5 years	-64.10%	-90.38%	+26.28%
Max Drawdown (10Y) Largest decline over 10 years	-64.10%	—	—
Current Drawdown Current decline from peak	-54.97%	-75.17%	+20.20%
Average Drawdown Average peak-to-trough decline	-23.57%	-39.89%	+16.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.81%	36.71%	+2.10%

Volatility

PRGS vs. NEOV - Volatility Comparison

The current volatility for Progress Software Corporation (PRGS) is 14.81%, while NeoVolta Inc. Common Stock (NEOV) has a volatility of 69.51%. This indicates that PRGS experiences smaller price fluctuations and is considered to be less risky than NEOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRGS	NEOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.81%	69.51%	-54.70%
Volatility (6M) Calculated over the trailing 6-month period	41.69%	102.48%	-60.79%
Volatility (1Y) Calculated over the trailing 1-year period	48.89%	121.44%	-72.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.42%	93.72%	-60.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.17%	89.54%	-56.37%

Dividends

PRGS vs. NEOV - Dividend Comparison

Neither PRGS nor NEOV has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NEOV NeoVolta Inc. Common Stock	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRGS Progress Software Corporation	0.00%	0.00%	0.81%	1.29%	1.39%	1.45%	1.48%	1.52%	1.62%	1.21%	0.39%

Financials

Frequently Asked Questions

Can I hold both PRGS and NEOV in my portfolio?

PRGS and NEOV have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRGS or NEOV?

NEOV has higher volatility (69.51%) compared to PRGS (14.81%). In terms of maximum drawdown, PRGS dropped -67.33% vs NEOV's -90.38%.

Which has better risk-adjusted returns?

NEOV currently has the higher Sharpe Ratio (-0.33 vs -1.03), 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.