AGQ vs. BRLN
AGQ (ProShares Ultra Silver) and BRLN (BlackRock Floating Rate Loan ETF) are both exchange-traded funds - AGQ is a Silver fund tracking the Bloomberg Silver Subindex (200%), while BRLN is a Bank Loan fund actively managed by BlackRock. AGQ is passively managed, while BRLN is actively managed. Over the past 3 years, AGQ returned 55.60%/yr vs 7.50%/yr for BRLN. At a 0.02 correlation, their price movements are largely independent. AGQ charges 0.93%/yr vs 0.55%/yr for BRLN.
Performance
AGQ vs. BRLN - Performance Comparison
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Returns By Period
In the year-to-date period, AGQ achieves a -29.18% return, which is significantly lower than BRLN's 1.44% return.
AGQ
- 1D
- 2.38%
- 1M
- 0.62%
- YTD
- -29.18%
- 6M
- 1.31%
- 1Y
- 149.89%
- 3Y*
- 55.60%
- 5Y*
- 15.82%
- 10Y*
- 11.51%
BRLN
- 1D
- 0.09%
- 1M
- 0.87%
- YTD
- 1.44%
- 6M
- 2.08%
- 1Y
- 5.39%
- 3Y*
- 7.50%
- 5Y*
- —
- 10Y*
- —
AGQ vs. BRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AGQ ProShares Ultra Silver | -29.18% | 360.71% | 23.92% | -15.09% | 30.83% |
BRLN BlackRock Floating Rate Loan ETF | 1.44% | 5.38% | 7.49% | 13.42% | 2.13% |
Correlation
The correlation between AGQ and BRLN is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.02 |
The correlation between AGQ and BRLN shifts across timeframes, from -0.09 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AGQ vs. BRLN — Risk / Return Rank
AGQ
BRLN
AGQ vs. BRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and BlackRock Floating Rate Loan ETF (BRLN). 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.
| AGQ | BRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.70 | -0.72 |
| Martin ratioReturn relative to average drawdown | 3.75 | 10.51 | -6.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGQ | BRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.77 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 2.19 | -2.11 |
Drawdowns
AGQ vs. BRLN - Drawdown Comparison
The maximum AGQ drawdown since its inception was -98.16%, which is greater than BRLN's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for AGQ and BRLN.
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Drawdown Indicators
| AGQ | BRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -3.85% | -94.31% |
Max Drawdown (1Y)Largest decline over 1 year | -76.21% | -2.00% | -74.21% |
Max Drawdown (3Y)Largest decline over 3 years | -76.21% | -3.85% | -72.36% |
Max Drawdown (5Y)Largest decline over 5 years | -76.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -76.25% | — | — |
Current DrawdownCurrent decline from peak | -84.96% | -0.12% | -84.84% |
Average DrawdownAverage peak-to-trough decline | -79.86% | -0.31% | -79.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.19% | 0.51% | +39.68% |
Volatility
AGQ vs. BRLN - Volatility Comparison
ProShares Ultra Silver (AGQ) has a higher volatility of 33.59% compared to BlackRock Floating Rate Loan ETF (BRLN) at 0.80%. This indicates that AGQ's price experiences larger fluctuations and is considered to be riskier than BRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGQ | BRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.59% | 0.80% | +32.79% |
Volatility (6M)Calculated over the trailing 6-month period | 133.69% | 2.24% | +131.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 120.79% | 3.06% | +117.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.68% | 3.73% | +70.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.65% | 3.73% | +61.92% |
AGQ vs. BRLN - Expense Ratio Comparison
AGQ has a 0.93% expense ratio, which is higher than BRLN's 0.55% expense ratio.
Dividends
AGQ vs. BRLN - Dividend Comparison
AGQ has not paid dividends to shareholders, while BRLN's dividend yield for the trailing twelve months is around 6.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AGQ ProShares Ultra Silver | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BRLN BlackRock Floating Rate Loan ETF | 6.35% | 6.50% | 7.87% | 9.06% | 1.48% |
Frequently Asked Questions
AGQ and BRLN have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGQ has higher volatility (33.59%) compared to BRLN (0.80%). In terms of maximum drawdown, AGQ dropped -98.16% vs BRLN's -3.85%.
On 3-year performance, AGQ leads with 55.60% vs 7.50% for BRLN. On fees, BRLN is cheaper at 0.55% per year. On volatility, BRLN has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AGQ has performed better with a 55.60% return vs 7.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BRLN is cheaper with a 0.55% expense ratio, compared with 0.93% for AGQ.
BRLN has the higher dividend yield at 6.35%, compared with 0.00% for AGQ.
AGQ is categorized as Silver, while BRLN is Bank Loan. They also come from different issuers: ProShares and BlackRock. Their fees differ too: 0.93% for AGQ and 0.55% for BRLN.
BRLN currently has the higher Sharpe Ratio (1.77 vs 1.25), 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.
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