I think Montanore can understand this one better.
http://stockcharts. com/freecharts/perf.html?$USD,AGQ
The "factors" change everyday. But the point is that AGQ moves about 9-16% per every 1% movement of $USD. But on average for this YTD it is 11.5%
YTD $USD is -7.8%
YTD AGQ is 125%
125/7.8 = 16%, heck that could repeat again.
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