PGR vs VEEE: Correlation
Progressive Corporation (PGR) and Twin Vee PowerCats Co. (VEEE) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGR and VEEE?
On 3 years of weekly data the PGR/VEEE correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.25 over 3 years. The 5-year figure is -0.17, and annualized covariance runs at -2434.3 %².
Out of 36 assets tracked against PGR, VEEE lands near the bottom at #33. Correlation aside, the last 12 months split them widely, with PGR ahead by 81.0 points (-5.3% versus -86.3%). One caveat on sizing: VEEE is 17.8 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.
PGR vs VEEE: side by side
| PGR (Progressive Corporation) | VEEE (Twin Vee PowerCats Co.) | |
|---|---|---|
| 1-year return | -5.3% | -86.3% |
| 5-year return | +153.0% | -99.4% |
| Volatility (ann.) | 23.6% | 421.0% |
| Beta vs S&P 500 | 0.32 | -1.03 |
| Max drawdown (3Y) | -30.4% | -99.3% |
| Market cap | $126.5B | – |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 0.18% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | PGR | VEEE |
|---|---|---|
| 2022 | +26.8% | -54.4% |
| 2023 | +23.2% | -22.4% |
| 2024 | +51.4% | -61.3% |
| 2025 | -3.0% | -68.4% |
| 2026 | +1.7% | -84.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGR and VEEE good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PGR and VEEE?
As of 2026-08-27, the correlation of weekly returns between PGR and VEEE is -0.25 over 3 years, -0.41 over 1 year and -0.17 over 5 years.
Is VEEE a good diversifier for PGR?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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 · VEEE correlations
