AGQ vs. AGQI

Last updated Jun 24, 2026

AGQ (ProShares Ultra Silver) and AGQI (First Trust Active Global Quality Income ETF) are both exchange-traded funds - AGQ is a Silver fund tracking the Bloomberg Silver Subindex (200%), while AGQI is a Global Equities fund actively managed by First Trust. AGQ is passively managed, while AGQI is actively managed. Over the past year, AGQ returned 54.32% vs 21.92% for AGQI. At a 0.38 correlation, their price movements are largely independent. AGQ charges 0.93%/yr vs 0.85%/yr for AGQI.

Performance

AGQ vs. AGQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Silver (AGQ) and First Trust Active Global Quality Income ETF (AGQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGQ achieves a -52.18% return, which is significantly lower than AGQI's 9.44% return.

AGQ

• 1D: -10.97%
• 1M: -35.39%
• YTD: -52.18%
• 6M: -55.31%
• 1Y: 54.32%
• 3Y*: 41.58%
• 5Y*: 10.28%
• 10Y*: 5.67%

AGQI

• 1D: -1.12%
• 1M: 0.13%
• YTD: 9.44%
• 6M: 9.62%
• 1Y: 21.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGQ vs. AGQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AGQ ProShares Ultra Silver	-52.18%	360.71%	23.92%	1.04%
AGQI First Trust Active Global Quality Income ETF	9.44%	26.67%	2.98%	4.43%

Correlation

The correlation between AGQ and AGQI is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.38

Return for Risk

AGQ vs. AGQI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGQ

AGQ Risk / Return Rank: 22
AGQ Sharpe Ratio Rank: 15
AGQ Sortino Ratio Rank: 27
AGQ Omega Ratio Rank: 35
AGQ Calmar Ratio Rank: 17
AGQ Martin Ratio Rank: 14

AGQI

AGQI Risk / Return Rank: 56
AGQI Sharpe Ratio Rank: 60
AGQI Sortino Ratio Rank: 56
AGQI Omega Ratio Rank: 58
AGQI Calmar Ratio Rank: 53
AGQI Martin Ratio Rank: 54

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.

AGQ vs. AGQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and First Trust Active Global Quality Income ETF (AGQI). 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.

	AGQ	AGQI	Difference
Sharpe ratio: Return per unit of total volatility	0.44	1.82	-1.38
Sortino ratio: Return per unit of downside risk	1.41	2.47	-1.06
Omega ratio: Gain probability vs. loss probability	1.23	1.33	-0.10
Calmar ratio: Return relative to maximum drawdown	0.67	2.41	-1.74
Martin ratio: Return relative to average drawdown	1.25	8.56	-7.31

AGQ vs. AGQI - Sharpe Ratio Comparison

The current AGQ Sharpe Ratio is 0.44, which is lower than the AGQI Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of AGQ and AGQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGQ vs. AGQI - Drawdown Comparison

The maximum AGQ drawdown since its inception was -98.16%, which is greater than AGQI's maximum drawdown of -14.07%. Use the drawdown chart below to compare losses from any high point for AGQ and AGQI.

Drawdown Indicators

	AGQ	AGQI	Difference
Max Drawdown Largest peak-to-trough decline	-98.16%	-14.07%	-84.09%
Max Drawdown (1Y) Largest decline over 1 year	-81.48%	-9.15%	-72.33%
Max Drawdown (3Y) Largest decline over 3 years	-81.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-81.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-81.48%	—	—
Current Drawdown Current decline from peak	-89.85%	-2.17%	-87.68%
Average Drawdown Average peak-to-trough decline	-79.87%	-2.15%	-77.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.63%	2.57%	+41.06%

Volatility

AGQ vs. AGQI - Volatility Comparison

ProShares Ultra Silver (AGQ) has a higher volatility of 29.28% compared to First Trust Active Global Quality Income ETF (AGQI) at 4.10%. This indicates that AGQ's price experiences larger fluctuations and is considered to be riskier than AGQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGQ	AGQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.28%	4.10%	+25.18%
Volatility (6M) Calculated over the trailing 6-month period	135.34%	10.02%	+125.32%
Volatility (1Y) Calculated over the trailing 1-year period	123.59%	12.09%	+111.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.53%	12.68%	+62.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.15%	12.68%	+53.47%

AGQ vs. AGQI - Expense Ratio Comparison

AGQ has a 0.93% expense ratio, which is higher than AGQI's 0.85% expense ratio.

Dividends

AGQ vs. AGQI - Dividend Comparison

AGQ has not paid dividends to shareholders, while AGQI's dividend yield for the trailing twelve months is around 2.06%.

Position	TTM	2025	2024	2023
AGQ ProShares Ultra Silver	0.00%	0.00%	0.00%	0.00%
AGQI First Trust Active Global Quality Income ETF	2.06%	2.54%	2.14%	0.14%

Frequently Asked Questions

Can I hold both AGQ and AGQI in my portfolio?

AGQ and AGQI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGQ or AGQI?

AGQ has higher volatility (29.28%) compared to AGQI (4.10%). In terms of maximum drawdown, AGQ dropped -98.16% vs AGQI's -14.07%.

Which ETF is better, AGQ or AGQI?

On 1-year performance, AGQ leads with 54.32% vs 21.92% for AGQI. On fees, AGQI is cheaper at 0.85% per year. On volatility, AGQI has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGQ or AGQI?

Over the 1-year period, AGQ has performed better with a 54.32% return vs 21.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGQ or AGQI?

AGQI is cheaper with a 0.85% expense ratio, compared with 0.93% for AGQ.

Which ETF pays a higher dividend yield, AGQ or AGQI?

AGQI has the higher dividend yield at 2.06%, compared with 0.00% for AGQ.

What is the main difference between AGQ and AGQI?

AGQ is categorized as Silver, while AGQI is Global Equities. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.93% for AGQ and 0.85% for AGQI.

Which has better risk-adjusted returns?

AGQI currently has the higher Sharpe Ratio (1.82 vs 0.44), 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.