XPO vs. PGR
XPO (XPO Logistics, Inc.) and PGR (The Progressive Corporation) are both stocks. XPO operates in Integrated Freight & Logistics (Industrials), while PGR operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, XPO returned 35.70%/yr vs 23.45%/yr for PGR. At a 0.17 correlation, their price movements are largely independent.
Performance
XPO vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, XPO achieves a 54.96% return, which is significantly higher than PGR's -3.75% return. Over the past 10 years, XPO has outperformed PGR with an annualized return of 35.70%, while PGR has yielded a comparatively lower 23.45% annualized return.
XPO
- 1D
- -2.05%
- 1M
- 5.57%
- 6M
- 40.02%
- YTD
- 54.96%
- 1Y
- 62.47%
- 3Y*
- 47.34%
- 5Y*
- 33.58%
- 10Y*
- 35.70%
- ALL TIME*
- 23.09%
PGR
- 1D
- -2.98%
- 1M
- 0.55%
- 6M
- 1.07%
- YTD
- -3.75%
- 1Y
- -10.55%
- 3Y*
- 21.89%
- 5Y*
- 19.77%
- 10Y*
- 23.45%
- ALL TIME*
- 16.77%
XPO vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XPO XPO Logistics, Inc. | 54.96% | 3.63% | 49.73% | 163.11% | -27.64% | 11.60% | 49.56% | 39.73% | -37.72% | 112.21% |
PGR The Progressive Corporation | -3.75% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
Correlation
The correlation between XPO and PGR is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2003 | 0.17 |
The correlation between XPO and PGR shifts across timeframes, from -0.02 (1 year) to 0.21 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
XPO:
$24.73B
PGR:
$119.71B
XPO:
$2.92
PGR:
$19.67
XPO:
72.22
PGR:
10.47
XPO:
2.71
PGR:
0.08
XPO:
3.03
PGR:
1.35
XPO:
$8.30B
PGR:
$89.43B
XPO:
$772.00M
PGR:
$25.44B
XPO:
$1.20B
PGR:
$15.15B
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Return for Risk
XPO vs. PGR — Risk / Return Rank
XPO
PGR
XPO vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for XPO Logistics, Inc. (XPO) 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.
| XPO | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.95 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | -0.54 | +4.55 |
| Martin ratioReturn relative to average drawdown | 8.70 | -0.90 | +9.60 |
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Drawdowns
XPO vs. PGR - Drawdown Comparison
The maximum XPO drawdown since its inception was -82.85%, which is greater than PGR's maximum drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for XPO and PGR.
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Drawdown Indicators
| XPO | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.85% | -71.06% | -11.79% |
Max Drawdown (1Y)Largest decline over 1 year | -15.63% | -19.79% | +4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -42.19% | -30.35% | -11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -53.17% | -30.35% | -22.82% |
Max Drawdown (10Y)Largest decline over 10 years | -64.48% | -30.35% | -34.13% |
Current DrawdownCurrent decline from peak | -7.78% | -24.65% | +16.87% |
Average DrawdownAverage peak-to-trough decline | -30.17% | -14.55% | -15.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.20% | 11.74% | -4.54% |
Volatility
XPO vs. PGR - Volatility Comparison
The current volatility for XPO Logistics, Inc. (XPO) is 9.67%, while The Progressive Corporation (PGR) has a volatility of 14.40%. This indicates that XPO 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
| XPO | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.67% | 14.40% | -4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 32.92% | 20.41% | +12.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.80% | 25.47% | +19.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.00% | 25.20% | +21.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.45% | 24.81% | +22.64% |
Dividends
XPO vs. PGR - Dividend Comparison
XPO has not paid dividends to shareholders, while PGR's dividend yield for the trailing twelve months is around 6.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | 6.75% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
XPO XPO Logistics, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
XPO vs. PGR - Financials Comparison
This section allows you to compare key financial metrics between XPO Logistics, 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
XPO vs. PGR - Profitability Comparison
XPO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, XPO Logistics, Inc. reported a gross profit of 0.00 and revenue of 2.10B. 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 Jul 2026, The Progressive Corporation reported a gross profit of 8.35B and revenue of 22.18B. Therefore, the gross margin over that period was 37.7%.
XPO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, XPO Logistics, Inc. reported an operating income of 174.00M and revenue of 2.10B, resulting in an operating margin of 8.3%.
PGR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, The Progressive Corporation reported an operating income of 3.57B and revenue of 22.18B, resulting in an operating margin of 16.1%.
XPO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, XPO Logistics, Inc. reported a net income of 101.00M and revenue of 2.10B, resulting in a net margin of 4.8%.
PGR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, The Progressive Corporation reported a net income of 2.82B and revenue of 22.18B, resulting in a net margin of 12.7%.
Frequently Asked Questions
XPO and PGR have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGR has higher volatility (14.40%) compared to XPO (9.67%). In terms of maximum drawdown, XPO dropped -82.85% vs PGR's -71.06%.
XPO currently has the higher Sharpe Ratio (1.40 vs -0.42), 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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