ACGL vs. TQQQ

Last updated Jun 4, 2026

ACGL (Arch Capital Group Ltd.) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 10 years, ACGL returned 14.41%/yr vs 45.33%/yr for TQQQ. At a 0.32 correlation, their price movements are largely independent.

Performance

ACGL vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arch Capital Group Ltd. (ACGL) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACGL achieves a -8.37% return, which is significantly lower than TQQQ's 64.46% return. Over the past 10 years, ACGL has underperformed TQQQ with an annualized return of 14.41%, while TQQQ has yielded a comparatively higher 45.33% annualized return.

ACGL

• 1D: 0.31%
• 1M: -6.15%
• YTD: -8.37%
• 6M: -5.21%
• 1Y: -8.28%
• 3Y*: 9.24%
• 5Y*: 18.45%
• 10Y*: 14.41%

TQQQ

• 1D: -0.76%
• 1M: 33.35%
• YTD: 64.46%
• 6M: 55.93%
• 1Y: 137.89%
• 3Y*: 69.49%
• 5Y*: 28.37%
• 10Y*: 45.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACGL vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACGL Arch Capital Group Ltd.	-8.37%	3.87%	30.76%	18.30%	41.24%	23.23%	-15.90%	60.52%	-11.69%	5.19%
TQQQ ProShares UltraPro QQQ	64.46%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	133.84%	-19.79%	118.06%

Correlation

The correlation between ACGL and TQQQ is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010	0.32

The correlation between ACGL and TQQQ shifts across timeframes, from -0.20 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ACGL vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACGL

ACGL Risk / Return Rank: 19
ACGL Sharpe Ratio Rank: 23
ACGL Sortino Ratio Rank: 21
ACGL Omega Ratio Rank: 21
ACGL Calmar Ratio Rank: 20
ACGL Martin Ratio Rank: 8

TQQQ

TQQQ Risk / Return Rank: 71
TQQQ Sharpe Ratio Rank: 86
TQQQ Sortino Ratio Rank: 65
TQQQ Omega Ratio Rank: 65
TQQQ Calmar Ratio Rank: 73
TQQQ Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACGL vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arch Capital Group Ltd. (ACGL) and ProShares UltraPro QQQ (TQQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ACGL	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	2.92	-3.31
Sortino ratio: Return per unit of downside risk	-0.40	3.09	-3.49
Omega ratio: Gain probability vs. loss probability	0.95	1.40	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.59	3.75	-4.34
Martin ratio: Return relative to average drawdown	-1.39	12.27	-13.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACGL vs. TQQQ - Sharpe Ratio Comparison

The current ACGL Sharpe Ratio is -0.40, which is lower than the TQQQ Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of ACGL and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ACGL	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.40	2.92	-3.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.43	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.69	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.74	-0.30

Drawdowns

ACGL vs. TQQQ - Drawdown Comparison

The maximum ACGL drawdown since its inception was -54.70%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ACGL and TQQQ.

Drawdown Indicators

	ACGL	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-54.70%	-81.66%	+26.96%
Max Drawdown (1Y) Largest decline over 1 year	-14.08%	-36.97%	+22.89%
Max Drawdown (3Y) Largest decline over 3 years	-22.43%	-58.04%	+35.61%
Max Drawdown (5Y) Largest decline over 5 years	-22.43%	-81.66%	+59.23%
Max Drawdown (10Y) Largest decline over 10 years	-53.84%	-81.66%	+27.82%
Current Drawdown Current decline from peak	-19.53%	-0.76%	-18.77%
Average Drawdown Average peak-to-trough decline	-11.72%	-18.52%	+6.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.12%	11.28%	-5.16%

Volatility

ACGL vs. TQQQ - Volatility Comparison

The current volatility for Arch Capital Group Ltd. (ACGL) is 5.62%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.29%. This indicates that ACGL experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACGL	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	13.29%	-7.67%
Volatility (6M) Calculated over the trailing 6-month period	14.42%	36.04%	-21.62%
Volatility (1Y) Calculated over the trailing 1-year period	20.91%	47.60%	-26.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.55%	66.53%	-41.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.53%	65.96%	-38.43%

Dividends

ACGL vs. TQQQ - Dividend Comparison

ACGL has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACGL Arch Capital Group Ltd.	0.00%	0.00%	5.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.36%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both ACGL and TQQQ in my portfolio?

ACGL and TQQQ have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACGL or TQQQ?

TQQQ has higher volatility (13.29%) compared to ACGL (5.62%). In terms of maximum drawdown, ACGL dropped -54.70% vs TQQQ's -81.66%.

Which has better risk-adjusted returns?

TQQQ currently has the higher Sharpe Ratio (2.92 vs -0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.