PGY vs. TQQQ
PGY (Pagaya Technologies Ltd.) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 3 years, PGY returned -7.88%/yr vs 50.64%/yr for TQQQ. Their 0.41 correlation means their historical movements had little consistent relationship.
Performance
PGY vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, PGY achieves a 6.39% return, which is significantly lower than TQQQ's 29.42% return.
PGY
- 1D
- 15.39%
- 1M
- 24.99%
- 6M
- 12.70%
- YTD
- 6.39%
- 1Y
- -23.64%
- 3Y*
- -7.88%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -27.62%
TQQQ
- 1D
- 5.17%
- 1M
- -7.35%
- 6M
- 23.83%
- YTD
- 29.42%
- 1Y
- 64.98%
- 3Y*
- 50.64%
- 5Y*
- 16.02%
- 10Y*
- 39.51%
- ALL TIME*
- 42.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $64.85M | $57.69M | $63.46M | |
| $4.46B | $4.47B | $5.36B |
PGY vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PGY Pagaya Technologies Ltd. | 6.39% | 124.97% | -43.90% | 11.29% | -82.29% |
TQQQ ProShares UltraPro QQQ | 29.42% | 34.35% | 58.27% | 198.04% | -28.41% |
Correlation
The correlation between PGY and TQQQ is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022 | 0.41 |
The correlation between PGY and TQQQ shifts across timeframes, from 0.41 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PGY vs. TQQQ — Risk / Return Rank
PGY
TQQQ
PGY vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pagaya Technologies Ltd. (PGY) 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.
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.
| PGY | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.21 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.77 | -2.08 |
| Martin ratioReturn relative to average drawdown | -0.44 | 4.90 | -5.33 |
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Drawdowns
PGY vs. TQQQ - Drawdown Comparison
The maximum PGY drawdown since its inception was -98.09%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for PGY and TQQQ.
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Drawdown Indicators
| PGY | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.09% | -81.66% | -16.43% |
Max Drawdown (1Y)Largest decline over 1 year | -75.71% | -36.97% | -38.74% |
Max Drawdown (3Y)Largest decline over 3 years | -75.71% | -58.04% | -17.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -93.81% | -21.90% | -71.91% |
Average DrawdownAverage peak-to-trough decline | -92.20% | -18.50% | -73.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.29% | 13.31% | +40.98% |
Volatility
PGY vs. TQQQ - Volatility Comparison
Pagaya Technologies Ltd. (PGY) has a higher volatility of 24.04% compared to ProShares UltraPro QQQ (TQQQ) at 20.63%. This indicates that PGY's price experiences larger fluctuations and is considered to be riskier 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
| PGY | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.04% | 20.63% | +3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 59.33% | 47.88% | +11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.67% | 57.57% | +21.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 142.94% | 68.10% | +74.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 142.94% | 66.61% | +76.33% |
Dividends
PGY vs. TQQQ - Dividend Comparison
PGY has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGY Pagaya Technologies Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.56% | 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
PGY and TQQQ have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGY has higher volatility (24.04%) compared to TQQQ (20.63%). In terms of maximum drawdown, PGY dropped -98.09% vs TQQQ's -81.66%.
TQQQ currently has the higher Sharpe Ratio (1.14 vs -0.30), 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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