EFSI vs PGR: Correlation
Measured on weekly returns over the past three years, Eagle Financial Services Inc (EFSI) and Progressive Corporation (PGR) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFSI and PGR?
Over the past 3 years, EFSI and PGR moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.21 over 3. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -99.7 %².
Among the 11 assets we track against EFSI, PGR sits near the bottom by co-movement, at rank #9. The last year tells two different stories: EFSI led by 22.9 percentage points, +17.6% for EFSI against -5.3% for PGR.
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.
EFSI vs PGR: side by side
| EFSI (Eagle Financial Services Inc) | PGR (Progressive Corporation) | |
|---|---|---|
| 1-year return | +17.6% | -5.3% |
| 5-year return | +46.3% | +153.0% |
| Volatility (ann.) | 20.3% | 23.6% |
| Beta vs S&P 500 | 0.30 | 0.32 |
| Max drawdown (3Y) | -21.2% | -30.4% |
| Market cap | $0.2B | $126.5B |
| P/E (trailing) | 11.8 | 10.9 |
| Dividend yield | 2.97% | 0.18% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EFSI | PGR |
|---|---|---|
| 2022 | +8.0% | +26.8% |
| 2023 | -13.4% | +23.2% |
| 2024 | +26.2% | +51.4% |
| 2025 | +13.4% | -3.0% |
| 2026 | +7.1% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFSI and PGR good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between EFSI and PGR?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.24 over the last year and -0.11 over 5 years.
Is PGR a good diversifier for EFSI?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: EFSI correlations · PGR correlations
