TRV vs. PGR
TRV (The Travelers Companies, Inc.) and PGR (The Progressive Corporation) are both stocks. Both operate in the Insurance - Property & Casualty industry within the Financial Services sector. Over the past 10 years, TRV returned 12.41%/yr vs 23.25%/yr for PGR. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
TRV vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, TRV achieves a 2.67% return, which is significantly higher than PGR's -6.42% return. Over the past 10 years, TRV has underperformed PGR with an annualized return of 12.41%, while PGR has yielded a comparatively higher 23.25% annualized return.
TRV
- 1D
- -2.15%
- 1M
- -0.44%
- YTD
- 2.67%
- 6M
- 6.83%
- 1Y
- 10.14%
- 3Y*
- 21.09%
- 5Y*
- 16.05%
- 10Y*
- 12.41%
PGR
- 1D
- -1.84%
- 1M
- 3.23%
- YTD
- -6.42%
- 6M
- -4.51%
- 1Y
- -23.65%
- 3Y*
- 18.74%
- 5Y*
- 18.76%
- 10Y*
- 23.25%
TRV vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRV The Travelers Companies, Inc. | 2.67% | 22.38% | 28.76% | 3.93% | 22.42% | 13.96% | 5.31% | 17.00% | -9.64% | 13.36% |
PGR The Progressive Corporation | -6.42% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
Correlation
The correlation between TRV and PGR is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 1996 | 0.55 |
The correlation between TRV and PGR has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.
Fundamentals
TRV:
$33.83
PGR:
$19.23
TRV:
8.77
PGR:
10.41
TRV:
0.41
PGR:
0.08
TRV:
1.36
PGR:
1.34
TRV:
$48.94B
PGR:
$87.65B
TRV:
$16.00B
PGR:
$23.23B
TRV:
$8.15B
PGR:
$14.81B
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Return for Risk
TRV vs. PGR — Risk / Return Rank
TRV
PGR
TRV vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Travelers Companies, Inc. (TRV) 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.
| TRV | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.84 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | -0.94 | +2.16 |
| Martin ratioReturn relative to average drawdown | 3.01 | -1.43 | +4.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRV | PGR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | -1.04 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.77 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.95 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.58 | -0.19 |
Drawdowns
TRV vs. PGR - Drawdown Comparison
The maximum TRV drawdown since its inception was -55.11%, smaller than the maximum PGR drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for TRV and PGR.
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Drawdown Indicators
| TRV | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.11% | -71.06% | +15.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -25.27% | +16.96% |
Max Drawdown (3Y)Largest decline over 3 years | -12.47% | -30.35% | +17.88% |
Max Drawdown (5Y)Largest decline over 5 years | -18.90% | -30.35% | +11.45% |
Max Drawdown (10Y)Largest decline over 10 years | -46.28% | -30.35% | -15.93% |
Current DrawdownCurrent decline from peak | -4.56% | -26.74% | +22.18% |
Average DrawdownAverage peak-to-trough decline | -11.12% | -14.53% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 18.79% | -15.13% |
Volatility
TRV vs. PGR - Volatility Comparison
The current volatility for The Travelers Companies, Inc. (TRV) is 5.99%, while The Progressive Corporation (PGR) has a volatility of 7.57%. This indicates that TRV 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
| TRV | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 7.57% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 12.64% | 16.95% | -4.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.78% | 22.76% | -3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.87% | 24.55% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.40% | 24.48% | -0.08% |
Dividends
TRV vs. PGR - Dividend Comparison
TRV's dividend yield for the trailing twelve months is around 1.48%, less than PGR's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | 6.94% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
TRV The Travelers Companies, Inc. | 1.48% | 1.50% | 1.72% | 2.06% | 1.96% | 2.23% | 2.40% | 2.36% | 2.53% | 2.09% | 2.14% | 2.11% |
Financials
TRV vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between The Travelers Companies, Inc. and The Progressive Corporation. 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
TRV vs. PGR - Profitability Comparison
TRV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Travelers Companies, Inc. reported a gross profit of 0.00 and revenue of 11.92B. Therefore, the gross margin over that period was 0.0%.
PGR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Progressive Corporation reported a gross profit of 6.66B and revenue of 22.74B. Therefore, the gross margin over that period was 29.3%.
TRV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Travelers Companies, Inc. reported an operating income of 0.00 and revenue of 11.92B, resulting in an operating margin of 0.0%.
PGR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Progressive Corporation reported an operating income of 3.68B and revenue of 22.74B, resulting in an operating margin of 16.2%.
TRV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Travelers Companies, Inc. reported a net income of 1.71B and revenue of 11.92B, resulting in a net margin of 14.4%.
PGR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Progressive Corporation reported a net income of 2.95B and revenue of 22.74B, resulting in a net margin of 13.0%.
Frequently Asked Questions
TRV and PGR have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGR has higher volatility (7.57%) compared to TRV (5.99%). In terms of maximum drawdown, TRV dropped -55.11% vs PGR's -71.06%.
TRV currently has the higher Sharpe Ratio (0.54 vs -1.04), 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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