AGO vs. TQQQ
AGO (Assured Guaranty Ltd.) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 10 years, AGO returned 12.53%/yr vs 45.33%/yr for TQQQ. At a 0.39 correlation, their price movements are largely independent.
Performance
AGO vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, AGO achieves a -17.78% return, which is significantly lower than TQQQ's 64.46% return. Over the past 10 years, AGO has underperformed TQQQ with an annualized return of 12.53%, while TQQQ has yielded a comparatively higher 45.33% annualized return.
AGO
- 1D
- -0.92%
- 1M
- -10.00%
- YTD
- -17.78%
- 6M
- -16.82%
- 1Y
- -12.05%
- 3Y*
- 12.93%
- 5Y*
- 10.98%
- 10Y*
- 12.53%
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%
AGO vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGO Assured Guaranty Ltd. | -17.78% | 1.44% | 22.08% | 22.52% | 26.20% | 62.33% | -33.94% | 30.12% | 14.95% | -9.03% |
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 AGO and TQQQ is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010 | 0.39 |
Over the past year, the correlation between AGO and TQQQ has dropped to 0.11 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
AGO vs. TQQQ — Risk / Return Rank
AGO
TQQQ
AGO vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Assured Guaranty Ltd. (AGO) 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.
| AGO | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.74 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.40 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 3.75 | -4.36 |
| Martin ratioReturn relative to average drawdown | -1.59 | 12.27 | -13.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGO | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 2.92 | -3.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.43 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.69 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.74 | -0.57 |
Drawdowns
AGO vs. TQQQ - Drawdown Comparison
The maximum AGO drawdown since its inception was -90.18%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for AGO and TQQQ.
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Drawdown Indicators
| AGO | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.18% | -81.66% | -8.52% |
Max Drawdown (1Y)Largest decline over 1 year | -19.84% | -36.97% | +17.13% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -58.04% | +36.21% |
Max Drawdown (5Y)Largest decline over 5 years | -30.23% | -81.66% | +51.43% |
Max Drawdown (10Y)Largest decline over 10 years | -61.48% | -81.66% | +20.18% |
Current DrawdownCurrent decline from peak | -21.37% | -0.76% | -20.61% |
Average DrawdownAverage peak-to-trough decline | -19.81% | -18.52% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 11.28% | -3.70% |
Volatility
AGO vs. TQQQ - Volatility Comparison
The current volatility for Assured Guaranty Ltd. (AGO) is 12.34%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.29%. This indicates that AGO 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.
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Volatility by Period
| AGO | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.34% | 13.29% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 16.77% | 36.04% | -19.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.54% | 47.60% | -26.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.33% | 66.53% | -39.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.97% | 65.96% | -31.99% |
Dividends
AGO vs. TQQQ - Dividend Comparison
AGO's dividend yield for the trailing twelve months is around 1.97%, more than TQQQ's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGO Assured Guaranty Ltd. | 1.97% | 1.51% | 1.38% | 1.50% | 1.61% | 1.75% | 2.54% | 1.47% | 1.67% | 1.68% | 1.38% | 1.82% |
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
AGO and TQQQ have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (13.29%) compared to AGO (12.34%). In terms of maximum drawdown, AGO dropped -90.18% vs TQQQ's -81.66%.
TQQQ currently has the higher Sharpe Ratio (2.92 vs -0.56), 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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