PGR vs TYGO: Correlation
Measured on weekly returns over the past three years, Progressive Corporation (PGR) and Tigo Energy, Inc. (TYGO) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGR and TYGO?
Across a 3-year window, the weekly returns of PGR and TYGO correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Stretching to 5 years gives -0.19, with an annualized covariance of -574.6 %².
Among the 36 assets we track against PGR, TYGO sits near the bottom by co-movement, at rank #32. On 12-month performance PGR holds a 13.1-point edge, -5.3% against -18.4%. Risk is not evenly split, since TYGO carries 4.3 times the volatility of the other side.
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.
PGR vs TYGO: side by side
| PGR (Progressive Corporation) | TYGO (Tigo Energy, Inc.) | |
|---|---|---|
| 1-year return | -5.3% | -18.4% |
| 5-year return | +153.0% | -88.7% |
| Volatility (ann.) | 23.6% | 100.4% |
| Beta vs S&P 500 | 0.32 | 0.62 |
| Max drawdown (3Y) | -30.4% | -94.1% |
| Market cap | $126.5B | $0.1B |
| P/E (trailing) | 10.9 | 6.9 |
| Dividend yield | 0.18% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | PGR | TYGO |
|---|---|---|
| 2022 | +26.8% | +3.0% |
| 2023 | +23.2% | -79.5% |
| 2024 | +51.4% | -52.9% |
| 2025 | -3.0% | +40.1% |
| 2026 | +1.7% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGR and TYGO good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between PGR and TYGO?
The PGR/TYGO correlation stands at -0.24 on a 3-year window (1 year: -0.21, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is TYGO a good diversifier for PGR?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: PGR correlations · TYGO correlations
