- ISIN
- US74347W3530
- CUSIP
- 74347W353
- Issuer
- ProShares
- Inception Date
- Dec 1, 2008
- Category
- Silver, Leveraged Commodities, Precious Metals
- Leveraged
- 2x
- Index Tracked
- Bloomberg Silver Subindex (200%)
- Distribution Policy
- Accumulating
- Asset Class
- Commodity
- Assets Under Management
- $2B
Share Price Chart
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Performance
AGQ Performance Chart
ProShares Ultra Silver (AGQ) is down 40.7% since the beginning of the year. AGQ is currently trading at $92 per share. Investors who bought $1,000 worth of AGQ shares 5 years ago would now be looking at an investment worth $1,745.
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Returns By Period
ProShares Ultra Silver (AGQ) has returned -40.68% so far this year and 92.61% over the past 12 months. Over the last ten years, AGQ has returned 9.65% per year, falling short of the S&P 500 Index benchmark, which averaged 13.33% annually.
ProShares Ultra Silver
- 1D
- -16.24%
- 1M
- -28.41%
- YTD
- -40.68%
- 6M
- -19.02%
- 1Y
- 92.61%
- 3Y*
- 46.66%
- 5Y*
- 11.78%
- 10Y*
- 9.65%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.64%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
AGQ Monthly Returns History
Based on dividend-adjusted daily data since Dec 4, 2008, AGQ's average daily return is +0.10%, while the average monthly return is +2.02%. At this rate, an investment would double in approximately 2.9 years.
Historically, 49% of months were positive and 51% were negative. The best month was Jul 2020 with a return of +70.2%, while the worst month was Sep 2011 at -53.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, AGQ closed higher 52% of trading days. The best single day was Dec 26, 2025 with a return of +19.1%, while the worst single day was Jan 30, 2026 at -59.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.24% | 20.74% | -38.20% | -6.21% | 2.08% | -19.59% | -40.68% | ||||||
| 2025 | 20.58% | -5.34% | 20.11% | -14.49% | 1.93% | 18.05% | 2.08% | 20.03% | 31.02% | 3.78% | 35.64% | 44.54% | 360.71% |
| 2024 | -8.91% | -2.63% | 19.25% | 10.09% | 30.50% | -10.17% | -2.91% | -2.05% | 14.66% | 8.38% | -12.87% | -11.84% | 23.92% |
| 2023 | -2.72% | -23.64% | 31.38% | 7.30% | -13.10% | -7.45% | 16.81% | -3.75% | -18.78% | 5.00% | 20.55% | -12.78% | -15.09% |
| 2022 | -7.83% | 17.86% | 2.09% | -17.49% | -11.58% | -12.95% | -0.74% | -23.84% | 12.22% | -0.39% | 34.33% | 15.19% | -7.89% |
| 2021 | 1.03% | -5.73% | -15.85% | 11.41% | 16.47% | -13.52% | -5.77% | -13.02% | -15.37% | 16.32% | -10.24% | 4.01% | -32.25% |
Benchmark Metrics
ProShares Ultra Silver has an annualized alpha of 15.58%, beta of 0.82, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since December 05, 2008.
- This ETF participated in 126.16% of S&P 500 Index downside but only 86.84% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.05 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 15.58%
- Beta
- 0.82
- R²
- 0.05
- Upside Capture
- 86.84%
- Downside Capture
- 126.16%
Expense Ratio
AGQ has a high expense ratio of 0.93%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AGQ ranks 31 for risk / return — below 31% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and compare them to S&P 500 Index.
| AGQ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.36 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.69 | -1.44 |
| Martin ratioReturn relative to average drawdown | 2.37 | 12.34 | -9.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Ultra Silver. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares Ultra Silver was 98.16%, occurring on Mar 18, 2020. The portfolio has not yet recovered.
The current ProShares Ultra Silver drawdown is 87.40%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -98.16%Mar 2020 | 8y 10mo | — | 15y 1moApr 2011 - now |
2010 bear market2010 | -40.86%Feb 2010 | 2mo 7d | 7mo 8d | 9mo 15dDec 2009 - Sep 2010 |
Financial crisis2007–2009 | -38.63%Jul 2009 | 1mo 7d | 2mo 2d | 3mo 9dJun 2009 - Sep 2009 |
Financial crisis2007–2009 | -35.56%Apr 2009 | 1mo 22d | 1mo 11d | 3mo 3dFeb 2009 - May 2009 |
2011 bear market2011 | -25.37%Jan 2011 | 22d | 23d | 1mo 15dJan 2011 - Feb 2011 |
Drawdown Indicators
| AGQ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -56.78% | -41.38% |
Max Drawdown (1Y)Largest decline over 1 year | -77.02% | -9.10% | -67.92% |
Max Drawdown (3Y)Largest decline over 3 years | -77.02% | -18.90% | -58.12% |
Max Drawdown (5Y)Largest decline over 5 years | -77.02% | -25.43% | -51.59% |
Max Drawdown (10Y)Largest decline over 10 years | -77.02% | -33.92% | -43.10% |
Current DrawdownCurrent decline from peak | -87.40% | -2.97% | -84.43% |
Average DrawdownAverage peak-to-trough decline | -79.86% | -10.72% | -69.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.48% | 1.97% | +38.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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