ALL vs PGR: Correlation
Measured on weekly returns over the past three years, Allstate (ALL) and Progressive Corporation (PGR) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and PGR?
Across a 3-year window, the weekly returns of ALL and PGR correlate at 0.68, strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.68 over 3. Stretching to 5 years gives 0.64, with an annualized covariance of 351.6 %².
PGR is one of the assets that tracks ALL most closely: it ranks #3 out of the 32 assets we track against ALL. Correlation aside, the last 12 months split them widely, with ALL ahead by 34.2 points (+28.9% versus -5.3%). The rolling one-year correlation moved between 0.49 and 0.76 over the past three years, a moderate range.
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.
ALL vs PGR: side by side
| ALL (Allstate) | PGR (Progressive Corporation) | |
|---|---|---|
| 1-year return | +28.9% | -5.3% |
| 5-year return | +114.7% | +153.0% |
| Volatility (ann.) | 22.1% | 23.6% |
| Beta vs S&P 500 | 0.31 | 0.32 |
| Max drawdown (3Y) | -14.1% | -30.4% |
| Market cap | $65.1B | $126.5B |
| P/E (trailing) | 5.2 | 10.9 |
| Dividend yield | 1.59% | 0.18% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | ALL | PGR |
|---|---|---|
| 2022 | +18.4% | +26.8% |
| 2023 | +6.4% | +23.2% |
| 2024 | +40.6% | +51.4% |
| 2025 | +10.1% | -3.0% |
| 2026 | +25.0% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and PGR good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALL and PGR?
As of 2026-08-27, the correlation of weekly returns between ALL and PGR is 0.68 over 3 years, 0.69 over 1 year and 0.64 over 5 years.
Is PGR a good diversifier for ALL?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/all-vs-pgr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/all-vs-pgr/)
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Related comparisons
Hubs: ALL correlations · PGR correlations
