Which stocks are most correlated with PGR?

Based on one year of daily returns, the stocks most correlated with Progressive Corporation (PGR) are IAK (0.74), KBWP (0.72) and ALL (0.70). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with PGR?

Over the past year, the stocks most inversely correlated with Progressive Corporation (PGR) are TSXU (-0.45), CHAT (-0.45) and ASMG (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.

Progressive Corporation (PGR) — Stock Correlations & Overview

Over the past year, PGR has moved most closely with IAK, KBWP, ALL. Explore the stocks most correlated and inversely correlated with PGR below, along with its price, financials, and company profile.

Stocks correlated with PGR

Correlation of daily returns. Higher positive values move with PGR; negative values move opposite it. Informational only, not investment advice.

Most correlated with PGR

Symbol	Company	Correlation
IAK	iShares U.S. Insurance ETF	0.74
KBWP	Invesco KBW Property & Casualty Insurance ETFINVESTMENT ADVICE	0.72
ALL	The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE	0.70
KIE	State Street SPDR S&P Insurance ETF	0.61
CB	Chubb LimitedFIRE, MARINE & CASUALTY INSURANCE	0.60

Most inversely correlated with PGR

Symbol	Company	Correlation
TSXU	Direxion Daily Semiconductors Top 5 Bull 2X ETF	-0.45
CHAT	Roundhill Generative AI & Technology ETF	-0.45
ASMG	Leverage Shares 2X Long ASML Daily ETF	-0.45
ASMH	ASML Holding NV ADRhedged	-0.45
ASML	ASML Holding NV	-0.45

Frequently asked questions about PGR correlations

Which stocks are most correlated with PGR?: Based on one year of daily returns, the stocks most correlated with Progressive Corporation (PGR) are IAK (0.74), KBWP (0.72) and ALL (0.70). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with PGR?: Over the past year, the stocks most inversely correlated with Progressive Corporation (PGR) are TSXU (-0.45), CHAT (-0.45) and ASMG (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these PGR correlations calculated?: We compute the correlation of daily returns between PGR and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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