EG vs PGR: Correlation
Everest Group (EG) and Progressive Corporation (PGR) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EG and PGR?
On 3 years of weekly data the EG/PGR correlation comes out at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 255.9 %².
Within EG's tracked universe of 30 assets, PGR comes in at #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EG ahead by 16.6 points (+11.3% versus -5.3%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.40 and 0.63.
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.
EG vs PGR: side by side
| EG (Everest Group) | PGR (Progressive Corporation) | |
|---|---|---|
| 1-year return | +11.3% | -5.3% |
| 5-year return | +57.2% | +153.0% |
| Volatility (ann.) | 22.2% | 23.6% |
| Beta vs S&P 500 | 0.28 | 0.32 |
| Max drawdown (3Y) | -23.8% | -30.4% |
| Market cap | $14.5B | $126.5B |
| P/E (trailing) | 8.0 | 10.9 |
| Dividend yield | 2.11% | 0.18% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | EG | PGR |
|---|---|---|
| 2022 | +23.7% | +26.8% |
| 2023 | +8.7% | +23.2% |
| 2024 | +4.6% | +51.4% |
| 2025 | -5.3% | -3.0% |
| 2026 | +12.7% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EG and PGR good diversifiers for each other?
Reasonably. At 0.49, EG and PGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EG and PGR?
The EG/PGR correlation stands at 0.49 on a 3-year window (1 year: 0.51, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is PGR a good diversifier for EG?
Reasonably. At 0.49, EG and PGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/eg-vs-pgr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eg-vs-pgr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EG correlations · PGR correlations
