VOL. XCIV, NO. 247
★ WIDE MOAT STOCKS COMPARISON ★
NO ADVICE
Wednesday, January 7, 2026
Stock Comparison
MarketAxess Holdings Inc. vs The Progressive Corporation
Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.
MarketAxess Holdings Inc.
MKTX · NASDAQ Global Select Market
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into MarketAxess Holdings Inc.'s moat claims, evidence, and risks.
View MKTX analysisThe Progressive Corporation
PGR · New York Stock Exchange
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into The Progressive Corporation's moat claims, evidence, and risks.
View PGR analysisComparison highlights
- Moat score gap: The Progressive Corporation leads (75 / 100 vs 74 / 100 for MarketAxess Holdings Inc.).
- Segment focus: MarketAxess Holdings Inc. has 2 segments (87.1% in Trade Execution Solutions); The Progressive Corporation has 2 segments (85% in Personal Lines).
- Moat breadth: MarketAxess Holdings Inc. has 6 moat types across 3 domains; The Progressive Corporation has 5 across 2.
Primary market context
MarketAxess Holdings Inc.
Trade Execution Solutions
Electronic fixed-income trade execution platforms (credit and rates)
Global
Institutional investors, broker-dealers, and alternative liquidity providers
Electronic trading venue / marketplace operator
87.1%
The Progressive Corporation
Personal Lines
U.S. private passenger auto insurance (dominant) plus specialty personal lines and homeowners/renters (small portion)
United States
Individuals/households
Primary insurer (P&C)
85%
Side-by-side metrics
Moat coverage
Shared moat types
No overlap yet.
MarketAxess Holdings Inc. strengths
The Progressive Corporation strengths
Segment mix
MarketAxess Holdings Inc. segments
Full profile >Trade Execution Solutions
Oligopoly
Services (Data, Post-Trade and Technology)
Competitive
The Progressive Corporation segments
Full profile >Personal Lines
Oligopoly
Commercial Lines
Competitive
Want the full wide moat stocks list?
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Proven models entering the expansion stage with unit economics that work.
View expansion-stage stocksCuration & Accuracy
This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).
Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.