NEGG vs PGR: Correlation
Newegg Commerce, Inc. (NEGG) and Progressive Corporation (PGR) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEGG and PGR?
Over the past 3 years, NEGG and PGR moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -944.7 %².
PGR is close to the least connected end of NEGG's tracked universe, ranking #8 of 10. The last year tells two different stories: PGR led by 65.7 percentage points, -71.0% for NEGG against -5.3% for PGR. One caveat on sizing: NEGG is 7.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NEGG vs PGR: side by side
| NEGG (Newegg Commerce, Inc.) | PGR (Progressive Corporation) | |
|---|---|---|
| 1-year return | -71.0% | -5.3% |
| 5-year return | -95.1% | +153.0% |
| Volatility (ann.) | 184.2% | 23.6% |
| Beta vs S&P 500 | 2.34 | 0.32 |
| Max drawdown (3Y) | -90.3% | -30.4% |
| Market cap | $0.4B | $126.5B |
| P/E (trailing) | 68.0 | 10.9 |
| Dividend yield | 0.00% | 0.18% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | NEGG | PGR |
|---|---|---|
| 2022 | -87.4% | +26.8% |
| 2023 | -3.8% | +23.2% |
| 2024 | -68.3% | +51.4% |
| 2025 | +534.5% | -3.0% |
| 2026 | -65.2% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEGG and PGR good diversifiers for each other?
Yes. With a correlation of -0.22, NEGG and PGR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NEGG and PGR?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.20 over the last year and -0.15 over 5 years.
Is PGR a good diversifier for NEGG?
Yes. With a correlation of -0.22, NEGG and PGR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/negg-vs-pgr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/negg-vs-pgr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NEGG correlations · PGR correlations
