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ProShares Ultra Silver (AGQ)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US74347W3530
CUSIP
74347W353
Issuer
ProShares
Inception Date
Dec 1, 2008
Leveraged
2x
Index Tracked
Bloomberg Silver (200%)
Distribution Policy
Accumulating
Asset Class
Commodity

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ProShares Ultra Silver, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

ProShares Ultra Silver (AGQ) has returned -22.96% so far this year and 158.90% over the past 12 months. Looking at the last ten years, AGQ has achieved an annualized return of 14.30%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.


ProShares Ultra Silver

1D
15.10%
1M
-38.20%
YTD
-22.96%
6M
56.75%
1Y
158.90%
3Y*
56.41%
5Y*
22.79%
10Y*
14.30%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Dec 4, 2008, AGQ's average daily return is +0.11%, while the average monthly return is +2.17%. At this rate, your investment would double in approximately 2.7 years.

Historically, 50% of months were positive and 50% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20263.24%20.74%-38.20%-22.96%
202520.58%-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%
20211.03%-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 17.92%, beta of 0.79, and R² of 0.05 versus S&P 500 Index. Calculated based on daily prices since December 05, 2008.

  • This ETF participated in 121.31% of S&P 500 Index downside but only 91.33% 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
17.92%
Beta
0.79
0.05
Upside Capture
91.33%
Downside Capture
121.31%

Expense Ratio

AGQ has a high expense ratio of 0.93%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

AGQ ranks 73 for risk / return — better than 73% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


AGQ Risk / Return Rank: 7373
Overall Rank
AGQ Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
AGQ Sortino Ratio Rank: 7676
Sortino Ratio Rank
AGQ Omega Ratio Rank: 8686
Omega Ratio Rank
AGQ Calmar Ratio Rank: 7676
Calmar Ratio Rank
AGQ Martin Ratio Rank: 5656
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and compare them to a chosen benchmark (S&P 500 Index).


AGQBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.36

0.90

+0.46

Sortino ratio

Return per unit of downside risk

1.98

1.39

+0.60

Omega ratio

Gain probability vs. loss probability

1.35

1.21

+0.14

Calmar ratio

Return relative to maximum drawdown

2.08

1.40

+0.68

Martin ratio

Return relative to average drawdown

5.67

6.61

-0.94

Explore AGQ risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


ProShares Ultra Silver doesn't pay dividends

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 83.64%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-98.16%Apr 29, 20112236Mar 18, 2020
-40.86%Dec 3, 200945Feb 8, 2010151Sep 14, 2010196
-38.63%Jun 3, 200927Jul 10, 200943Sep 10, 200970
-35.56%Feb 24, 200938Apr 17, 200928May 28, 200966
-25.37%Jan 3, 201116Jan 25, 201117Feb 17, 201133

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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