ACGL vs PGR: Correlation
Measured on weekly returns over the past three years, Arch Capital Group (ACGL) and Progressive Corporation (PGR) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACGL and PGR?
Over the past 3 years, ACGL and PGR moved with a correlation of 0.59, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 299.6 %².
By 3-year correlation, PGR places #11 of the 36 assets tracked against ACGL. Over the last 12 months ACGL came out ahead by 13.0 percentage points (+7.7% against -5.3%). On a rolling one-year basis the correlation drifted between 0.36 and 0.69, a moderate band.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACGL vs PGR: side by side
| ACGL (Arch Capital Group) | PGR (Progressive Corporation) | |
|---|---|---|
| 1-year return | +7.7% | -5.3% |
| 5-year return | +151.8% | +153.0% |
| Volatility (ann.) | 21.5% | 23.6% |
| Beta vs S&P 500 | 0.28 | 0.32 |
| Max drawdown (3Y) | -22.4% | -30.4% |
| Market cap | $33.7B | $126.5B |
| P/E (trailing) | 7.9 | 10.9 |
| Dividend yield | 0.00% | 0.18% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | ACGL | PGR |
|---|---|---|
| 2022 | +41.2% | +26.8% |
| 2023 | +18.3% | +23.2% |
| 2024 | +30.8% | +51.4% |
| 2025 | +3.9% | -3.0% |
| 2026 | +3.0% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACGL and PGR good diversifiers for each other?
Only partially. A correlation of 0.59 means ACGL and PGR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ACGL and PGR?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.54 over the last year and 0.49 over 5 years.
Is PGR a good diversifier for ACGL?
Only partially. A correlation of 0.59 means ACGL and PGR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acgl-vs-pgr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acgl-vs-pgr/)
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Related comparisons
Hubs: ACGL correlations · PGR correlations
