AGM vs. TPL
AGM (Federal Agricultural Mortgage Corporation) and TPL (Texas Pacific Land Corporation) are both stocks. AGM operates in Credit Services (Financial Services), while TPL operates in Oil & Gas E&P (Energy). Over the past 10 years, AGM returned 22.02%/yr vs 35.44%/yr for TPL. At a 0.16 correlation, their price movements are largely independent.
Performance
AGM vs. TPL - Performance Comparison
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Returns By Period
In the year-to-date period, AGM achieves a 6.40% return, which is significantly lower than TPL's 23.75% return. Over the past 10 years, AGM has underperformed TPL with an annualized return of 22.02%, while TPL has yielded a comparatively higher 35.44% annualized return.
AGM
- 1D
- -0.43%
- 1M
- 5.78%
- YTD
- 6.40%
- 6M
- 5.39%
- 1Y
- 2.81%
- 3Y*
- 10.65%
- 5Y*
- 17.18%
- 10Y*
- 22.02%
TPL
- 1D
- -0.52%
- 1M
- -8.17%
- YTD
- 23.75%
- 6M
- 20.76%
- 1Y
- -1.61%
- 3Y*
- 34.37%
- 5Y*
- 17.43%
- 10Y*
- 35.44%
AGM vs. TPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGM Federal Agricultural Mortgage Corporation | 6.40% | -7.96% | 6.08% | 74.61% | -5.83% | 72.62% | -6.60% | 43.16% | -20.38% | 39.64% |
TPL Texas Pacific Land Corporation | 23.75% | -21.61% | 115.31% | -32.40% | 91.29% | 73.25% | -4.69% | 44.58% | 21.96% | 51.18% |
Correlation
The correlation between AGM and TPL is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 1995 | 0.16 |
The correlation between AGM and TPL shifts across timeframes, from 0.00 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AGM:
$24.06
TPL:
$7.30
AGM:
7.62
TPL:
48.59
AGM:
0.57
TPL:
2.57
AGM:
1.18
TPL:
29.16
AGM:
$1.35B
TPL:
$839.03M
AGM:
$295.93M
TPL:
$625.27M
AGM:
$192.59M
TPL:
$690.06M
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Return for Risk
AGM vs. TPL — Risk / Return Rank
AGM
TPL
AGM vs. TPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federal Agricultural Mortgage Corporation (AGM) and Texas Pacific Land Corporation (TPL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AGM | TPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.04 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | -0.05 | +0.14 |
| Martin ratioReturn relative to average drawdown | 0.17 | -0.10 | +0.27 |
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Drawdowns
AGM vs. TPL - Drawdown Comparison
The maximum AGM drawdown since its inception was -94.63%, which is greater than TPL's maximum drawdown of -73.05%. Use the drawdown chart below to compare losses from any high point for AGM and TPL.
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Drawdown Indicators
| AGM | TPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.63% | -73.05% | -21.58% |
Max Drawdown (1Y)Largest decline over 1 year | -31.94% | -34.23% | +2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -32.54% | -52.22% | +19.68% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -52.50% | +19.96% |
Max Drawdown (10Y)Largest decline over 10 years | -53.30% | -65.46% | +12.16% |
Current DrawdownCurrent decline from peak | -10.30% | -37.92% | +27.62% |
Average DrawdownAverage peak-to-trough decline | -27.85% | -27.27% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.95% | 16.17% | +0.78% |
Volatility
AGM vs. TPL - Volatility Comparison
The current volatility for Federal Agricultural Mortgage Corporation (AGM) is 9.10%, while Texas Pacific Land Corporation (TPL) has a volatility of 14.88%. This indicates that AGM experiences smaller price fluctuations and is considered to be less risky than TPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGM | TPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.10% | 14.88% | -5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 25.30% | 37.89% | -12.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.11% | 47.00% | -14.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.01% | 46.26% | -16.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.53% | 47.13% | -12.60% |
Dividends
AGM vs. TPL - Dividend Comparison
AGM's dividend yield for the trailing twelve months is around 3.38%, more than TPL's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGM Federal Agricultural Mortgage Corporation | 3.38% | 3.42% | 2.84% | 2.30% | 3.37% | 2.84% | 4.31% | 3.35% | 3.84% | 1.84% | 1.82% | 2.03% |
TPL Texas Pacific Land Corporation | 0.64% | 0.74% | 1.37% | 0.83% | 1.37% | 0.88% | 2.20% | 0.22% | 0.55% | 0.30% | 0.10% | 0.22% |
Financials
AGM vs. TPL - Financials Comparison
This section allows you to compare key financial metrics between Federal Agricultural Mortgage Corporation and Texas Pacific Land Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AGM vs. TPL - Profitability Comparison
AGM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Federal Agricultural Mortgage Corporation reported a gross profit of 0.00 and revenue of 415.96M. Therefore, the gross margin over that period was 0.0%.
TPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported a gross profit of 0.00 and revenue of 236.82M. Therefore, the gross margin over that period was 0.0%.
AGM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Federal Agricultural Mortgage Corporation reported an operating income of 0.00 and revenue of 415.96M, resulting in an operating margin of 0.0%.
TPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported an operating income of 182.33M and revenue of 236.82M, resulting in an operating margin of 77.0%.
AGM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Federal Agricultural Mortgage Corporation reported a net income of 51.83M and revenue of 415.96M, resulting in a net margin of 12.5%.
TPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported a net income of 142.90M and revenue of 236.82M, resulting in a net margin of 60.3%.
Frequently Asked Questions
AGM and TPL have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPL has higher volatility (14.88%) compared to AGM (9.10%). In terms of maximum drawdown, AGM dropped -94.63% vs TPL's -73.05%.
AGM currently has the higher Sharpe Ratio (0.09 vs -0.03), 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.
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