AJG vs. USD
AJG (Arthur J. Gallagher & Co.) is a stock, while USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Over the past 10 years, AJG returned 17.84%/yr vs 61.24%/yr for USD. At a 0.36 correlation, their price movements are largely independent.
Performance
AJG vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, AJG achieves a -18.22% return, which is significantly lower than USD's 103.32% return. Over the past 10 years, AJG has underperformed USD with an annualized return of 17.84%, while USD has yielded a comparatively higher 61.24% annualized return.
AJG
- 1D
- 4.20%
- 1M
- 2.53%
- YTD
- -18.22%
- 6M
- -13.53%
- 1Y
- -36.64%
- 3Y*
- 1.61%
- 5Y*
- 8.87%
- 10Y*
- 17.84%
USD
- 1D
- -4.99%
- 1M
- 31.62%
- YTD
- 103.32%
- 6M
- 97.79%
- 1Y
- 250.81%
- 3Y*
- 125.78%
- 5Y*
- 67.80%
- 10Y*
- 61.24%
AJG vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | -18.22% | -8.03% | 27.34% | 20.51% | 12.44% | 39.02% | 32.12% | 31.79% | 19.19% | 25.04% |
USD ProShares Ultra Semiconductors | 103.32% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between AJG and USD is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | 0.36 |
The correlation between AJG and USD shifts across timeframes, from -0.28 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AJG vs. USD — Risk / Return Rank
AJG
USD
AJG vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arthur J. Gallagher & Co. (AJG) and ProShares Ultra Semiconductors (USD). 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.
| AJG | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.44 | ||
| Sortino ratioReturn per unit of downside risk | -5.47 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.48 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 7.94 | -8.84 |
| Martin ratioReturn relative to average drawdown | -1.54 | 22.96 | -24.50 |
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
| AJG | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.32 | 4.12 | -5.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.89 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.89 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.49 | -0.02 |
Drawdowns
AJG vs. USD - Drawdown Comparison
The maximum AJG drawdown since its inception was -57.49%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for AJG and USD.
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Drawdown Indicators
| AJG | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.49% | -88.63% | +31.14% |
Max Drawdown (1Y)Largest decline over 1 year | -41.14% | -31.80% | -9.34% |
Max Drawdown (3Y)Largest decline over 3 years | -44.40% | -64.46% | +20.06% |
Max Drawdown (5Y)Largest decline over 5 years | -44.40% | -77.85% | +33.45% |
Max Drawdown (10Y)Largest decline over 10 years | -44.40% | -77.85% | +33.45% |
Current DrawdownCurrent decline from peak | -38.90% | -6.07% | -32.83% |
Average DrawdownAverage peak-to-trough decline | -12.82% | -32.35% | +19.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.18% | 10.98% | +14.20% |
Volatility
AJG vs. USD - Volatility Comparison
The current volatility for Arthur J. Gallagher & Co. (AJG) is 9.89%, while ProShares Ultra Semiconductors (USD) has a volatility of 21.29%. This indicates that AJG experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AJG | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.89% | 21.29% | -11.40% |
Volatility (6M)Calculated over the trailing 6-month period | 22.19% | 46.74% | -24.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.90% | 61.28% | -33.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 76.56% | -53.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.05% | 69.24% | -46.19% |
Dividends
AJG vs. USD - Dividend Comparison
AJG's dividend yield for the trailing twelve months is around 1.26%, more than USD's 0.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | 1.26% | 1.00% | 0.85% | 0.98% | 1.08% | 1.13% | 1.46% | 1.81% | 2.23% | 2.47% | 2.93% | 3.62% |
USD ProShares Ultra Semiconductors | 0.23% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
AJG and USD have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (21.29%) compared to AJG (9.89%). In terms of maximum drawdown, AJG dropped -57.49% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (4.12 vs -1.32), 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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