VCV vs. PGR
VCV (Invesco California Value Municipal Income Trust) and PGR (The Progressive Corporation) are both stocks. Both are in the Financial Services sector — VCV in Asset Management, PGR in Insurance - Property & Casualty. Over the past 10 years, VCV returned 2.31%/yr vs 23.33%/yr for PGR. Their 0.06 correlation means their historical movements had little consistent relationship.
Performance
VCV vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, VCV achieves a -1.19% return, which is significantly higher than PGR's -1.61% return. Over the past 10 years, VCV has underperformed PGR with an annualized return of 2.31%, while PGR has yielded a comparatively higher 23.33% annualized return.
VCV
- 1D
- 0.38%
- 1M
- -1.64%
- 6M
- -1.66%
- YTD
- -1.19%
- 1Y
- 10.69%
- 3Y*
- 9.22%
- 5Y*
- -0.27%
- 10Y*
- 2.31%
- ALL TIME*
- 5.11%
PGR
- 1D
- -0.45%
- 1M
- -9.37%
- 6M
- 3.75%
- YTD
- -1.61%
- 1Y
- -7.03%
- 3Y*
- 22.08%
- 5Y*
- 19.80%
- 10Y*
- 23.33%
- ALL TIME*
- 16.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $541.51M | $648.48M | $691.69M | |
| $1.27M | $1.09M | $1.04M |
VCV vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCV Invesco California Value Municipal Income Trust | -1.19% | 9.44% | 18.62% | 7.91% | -28.40% | 9.65% | 7.85% | 18.63% | -5.27% | 9.01% |
PGR The Progressive Corporation | -1.61% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
Correlation
The correlation between VCV and PGR is -0.09, 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. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 1994 | 0.06 |
The correlation between VCV and PGR shifts across timeframes, from -0.09 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
Fundamentals
VCV:
$507.07M
PGR:
$122.36B
VCV:
$0.62
PGR:
$19.67
VCV:
16.97
PGR:
10.70
VCV:
0.09
PGR:
0.08
VCV:
7.82
PGR:
1.38
VCV:
$64.85M
PGR:
$89.43B
VCV:
$46.46M
PGR:
$25.44B
VCV:
$58.08M
PGR:
$15.15B
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Return for Risk
VCV vs. PGR — Risk / Return Rank
VCV
PGR
VCV vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco California Value Municipal Income Trust (VCV) 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.
| VCV | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.97 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | -0.36 | +1.96 |
| Martin ratioReturn relative to average drawdown | 4.09 | -0.59 | +4.68 |
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Drawdowns
VCV vs. PGR - Drawdown Comparison
The maximum VCV drawdown since its inception was -59.02%, smaller than the maximum PGR drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for VCV and PGR.
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Drawdown Indicators
| VCV | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.02% | -71.06% | +12.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.29% | -19.79% | +11.50% |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | -30.35% | +15.17% |
Max Drawdown (5Y)Largest decline over 5 years | -38.55% | -30.35% | -8.20% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | -30.35% | -8.20% |
Current DrawdownCurrent decline from peak | -3.95% | -22.98% | +19.03% |
Average DrawdownAverage peak-to-trough decline | -8.54% | -14.55% | +6.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 11.89% | -8.65% |
Volatility
VCV vs. PGR - Volatility Comparison
The current volatility for Invesco California Value Municipal Income Trust (VCV) is 2.38%, while The Progressive Corporation (PGR) has a volatility of 12.68%. This indicates that VCV 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
| VCV | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 12.68% | -10.30% |
Volatility (6M)Calculated over the trailing 6-month period | 5.65% | 20.70% | -15.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.88% | 25.74% | -15.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.92% | 25.26% | -12.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.75% | 24.85% | -11.10% |
Dividends
VCV vs. PGR - Dividend Comparison
VCV's dividend yield for the trailing twelve months is around 7.35%, more than PGR's 6.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | 6.60% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
VCV Invesco California Value Municipal Income Trust | 7.35% | 6.96% | 5.76% | 4.16% | 5.46% | 4.09% | 4.07% | 4.43% | 5.46% | 5.10% | 5.86% | 5.98% |
Financials
VCV vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between Invesco California Value Municipal Income Trust 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
Frequently Asked Questions
VCV and PGR have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGR has higher volatility (12.68%) compared to VCV (2.38%). In terms of maximum drawdown, VCV dropped -59.02% vs PGR's -71.06%.
VCV currently has the higher Sharpe Ratio (1.35 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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