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ProShares Ultra Silver (AGQ)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US74347W3530

CUSIP

74347W353

Issuer

ProShares

Inception Date

Dec 1, 2008

Region

Broad Asia (Pacific ex-Japan)

Leveraged

2x

Index Tracked

Bloomberg Silver (-200%)

Asset Class

Commodity

Expense Ratio

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


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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Returns By Period

ProShares Ultra Silver (AGQ) returned 14.08% year-to-date (YTD) and 3.22% over the past 12 months. Over the past 10 years, AGQ returned -1.73% annually, underperforming the S&P 500 benchmark at 10.78%.


AGQ

YTD

14.08%

1M

-1.64%

6M

2.43%

1Y

3.22%

5Y*

8.41%

10Y*

-1.73%

^GSPC (Benchmark)

YTD

0.19%

1M

9.00%

6M

-1.55%

1Y

12.31%

5Y*

15.59%

10Y*

10.78%

*Annualized

Monthly Returns

The table below presents the monthly returns of AGQ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202520.58%-5.34%20.11%-14.49%-2.69%14.08%
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%
20200.82%-16.48%-30.81%9.49%47.99%-1.84%70.20%27.22%-34.23%1.72%-10.76%35.23%62.02%
20196.75%-6.61%-6.88%-2.78%-5.63%9.75%12.05%26.07%-15.34%12.08%-12.41%9.36%20.02%
20184.10%-10.81%-1.08%-0.71%0.45%-4.35%-7.36%-13.50%1.26%-5.40%-1.84%17.99%-22.10%
201721.10%8.31%-2.04%-10.96%0.54%-8.37%1.80%8.36%-11.15%0.42%-3.78%5.69%5.49%
20165.61%8.50%5.77%32.85%-20.28%37.14%15.82%-16.84%4.79%-13.66%-16.27%-7.73%18.50%
201519.50%-8.67%0.39%-6.76%6.82%-11.78%-13.16%-1.89%-2.18%12.97%-17.86%-4.41%-28.83%
2014-3.49%21.02%-12.92%-6.50%-4.52%25.37%-7.20%-9.13%-23.73%-11.03%-9.11%1.96%-39.64%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of AGQ is 24, meaning it’s performing worse than 76% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of AGQ is 2424
Overall Rank
The Sharpe Ratio Rank of AGQ is 1717
Sharpe Ratio Rank
The Sortino Ratio Rank of AGQ is 3333
Sortino Ratio Rank
The Omega Ratio Rank of AGQ is 3131
Omega Ratio Rank
The Calmar Ratio Rank of AGQ is 1919
Calmar Ratio Rank
The Martin Ratio Rank of AGQ is 2020
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

ProShares Ultra Silver Sharpe ratios as of May 15, 2025 (values are recalculated daily):

  • 1-Year: 0.05
  • 5-Year: 0.13
  • 10-Year: -0.03
  • All Time: -0.02

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of ProShares Ultra Silver compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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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 94.74%.


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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