WRB vs. PGR
WRB (W. R. Berkley Corporation) 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, WRB returned 17.92%/yr vs 23.64%/yr for PGR. At a 0.38 correlation, their price movements are largely independent.
Performance
WRB vs. PGR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WRB achieves a -2.51% return, which is significantly higher than PGR's -5.09% return. Over the past 10 years, WRB has underperformed PGR with an annualized return of 17.92%, while PGR has yielded a comparatively higher 23.64% annualized return.
WRB
- 1D
- 1.08%
- 1M
- 2.74%
- YTD
- -2.51%
- 6M
- 0.17%
- 1Y
- -4.36%
- 3Y*
- 24.41%
- 5Y*
- 17.90%
- 10Y*
- 17.92%
PGR
- 1D
- 0.42%
- 1M
- 1.69%
- YTD
- -5.09%
- 6M
- -7.97%
- 1Y
- -19.25%
- 3Y*
- 19.07%
- 5Y*
- 19.40%
- 10Y*
- 23.64%
WRB vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WRB W. R. Berkley Corporation | -2.51% | 23.02% | 27.19% | 0.25% | 33.92% | 27.39% | -3.14% | 43.80% | 5.96% | 10.21% |
PGR The Progressive Corporation | -5.09% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
Correlation
The correlation between WRB and PGR is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 1986 | 0.38 |
Over the past year, WRB and PGR have become more correlated (0.60) than their long-term average of 0.38, meaning their price movements have been converging.
Fundamentals
WRB:
$4.45
PGR:
$19.23
WRB:
15.34
PGR:
10.56
WRB:
0.89
PGR:
0.08
WRB:
1.86
PGR:
1.36
WRB:
$14.71B
PGR:
$87.65B
WRB:
$2.91B
PGR:
$23.23B
WRB:
$2.37B
PGR:
$14.81B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WRB vs. PGR — Risk / Return Rank
WRB
PGR
WRB vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for W. R. Berkley Corporation (WRB) 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.
| WRB | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.87 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | -0.80 | +0.52 |
| Martin ratioReturn relative to average drawdown | -0.54 | -1.23 | +0.69 |
Loading charts...
Drawdowns
WRB vs. PGR - Drawdown Comparison
The maximum WRB drawdown since its inception was -69.33%, roughly equal to the maximum PGR drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for WRB and PGR.
Loading charts...
Drawdown Indicators
| WRB | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.33% | -71.06% | +1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -17.62% | -24.30% | +6.68% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -30.35% | +12.73% |
Max Drawdown (5Y)Largest decline over 5 years | -26.29% | -30.35% | +4.06% |
Max Drawdown (10Y)Largest decline over 10 years | -45.35% | -30.35% | -15.00% |
Current DrawdownCurrent decline from peak | -11.49% | -25.70% | +14.21% |
Average DrawdownAverage peak-to-trough decline | -14.58% | -14.53% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.29% | 15.96% | -6.67% |
Volatility
WRB vs. PGR - Volatility Comparison
W. R. Berkley Corporation (WRB) and The Progressive Corporation (PGR) have volatilities of 7.63% and 7.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WRB | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.63% | 7.54% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 16.87% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.37% | 22.55% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.83% | 24.55% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.56% | 24.48% | +0.08% |
Dividends
WRB vs. PGR - Dividend Comparison
WRB's dividend yield for the trailing twelve months is around 2.72%, less than PGR's 6.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | 6.84% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
WRB W. R. Berkley Corporation | 2.72% | 2.64% | 2.39% | 2.73% | 1.22% | 2.44% | 0.71% | 2.43% | 2.83% | 2.16% | 2.27% | 0.86% |
Financials
WRB vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between W. R. Berkley Corporation 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
WRB vs. PGR - Profitability Comparison
WRB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, W. R. Berkley Corporation reported a gross profit of 765.46M and revenue of 3.72B. Therefore, the gross margin over that period was 20.6%.
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%.
WRB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, W. R. Berkley Corporation reported an operating income of 606.51M and revenue of 3.72B, resulting in an operating margin of 16.3%.
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%.
WRB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, W. R. Berkley Corporation reported a net income of 449.51M and revenue of 3.72B, resulting in a net margin of 12.1%.
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
WRB and PGR have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WRB has higher volatility (7.63%) compared to PGR (7.54%). In terms of maximum drawdown, WRB dropped -69.33% vs PGR's -71.06%.
WRB currently has the higher Sharpe Ratio (-0.24 vs -0.87), 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.
Find the right allocation for WRB and PGR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer