AGQ vs. ESPO
AGQ (ProShares Ultra Silver) and ESPO (VanEck Vectors Video Gaming and eSports ETF) are both exchange-traded funds - AGQ is a Silver fund tracking the Bloomberg Silver Subindex (200%), while ESPO is a Large Cap Growth Equities fund tracking the MVIS Global Video Gaming and eSports Index. Both are passively managed. Over the past 5 years, AGQ returned 9.46%/yr vs 5.52%/yr for ESPO. At a 0.24 correlation, their price movements are largely independent. AGQ charges 0.93%/yr vs 0.55%/yr for ESPO.
Performance
AGQ vs. ESPO - Performance Comparison
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Returns By Period
In the year-to-date period, AGQ achieves a -45.64% return, which is significantly lower than ESPO's -15.23% return.
AGQ
- 1D
- -8.53%
- 1M
- -36.83%
- YTD
- -45.64%
- 6M
- -31.28%
- 1Y
- 69.32%
- 3Y*
- 39.74%
- 5Y*
- 9.46%
- 10Y*
- 7.54%
ESPO
- 1D
- -0.42%
- 1M
- -2.89%
- YTD
- -15.23%
- 6M
- -18.59%
- 1Y
- -15.04%
- 3Y*
- 18.11%
- 5Y*
- 5.52%
- 10Y*
- —
AGQ vs. ESPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AGQ ProShares Ultra Silver | -45.64% | 360.71% | 23.92% | -15.09% | -7.89% | -32.25% | 62.02% | 20.02% | 9.60% |
ESPO VanEck Vectors Video Gaming and eSports ETF | -15.23% | 25.79% | 47.61% | 33.64% | -34.71% | -2.13% | 83.93% | 42.36% | -12.49% |
Correlation
The correlation between AGQ and ESPO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.24 |
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Return for Risk
AGQ vs. ESPO — Risk / Return Rank
AGQ
ESPO
AGQ vs. ESPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and VanEck Vectors Video Gaming and eSports ETF (ESPO). 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 | ESPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.88 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | -0.54 | +1.43 |
| Martin ratioReturn relative to average drawdown | 1.69 | -0.96 | +2.65 |
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 | ESPO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | -0.80 | +1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.22 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.62 | -0.56 |
Drawdowns
AGQ vs. ESPO - Drawdown Comparison
The maximum AGQ drawdown since its inception was -98.16%, which is greater than ESPO's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for AGQ and ESPO.
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Drawdown Indicators
| AGQ | ESPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -50.99% | -47.17% |
Max Drawdown (1Y)Largest decline over 1 year | -78.94% | -27.81% | -51.13% |
Max Drawdown (3Y)Largest decline over 3 years | -78.94% | -27.81% | -51.13% |
Max Drawdown (5Y)Largest decline over 5 years | -78.94% | -48.33% | -30.61% |
Max Drawdown (10Y)Largest decline over 10 years | -78.94% | — | — |
Current DrawdownCurrent decline from peak | -88.46% | -27.30% | -61.16% |
Average DrawdownAverage peak-to-trough decline | -79.85% | -15.05% | -64.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.07% | 15.67% | +25.40% |
Volatility
AGQ vs. ESPO - Volatility Comparison
ProShares Ultra Silver (AGQ) has a higher volatility of 35.33% compared to VanEck Vectors Video Gaming and eSports ETF (ESPO) at 4.82%. This indicates that AGQ's price experiences larger fluctuations and is considered to be riskier than ESPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGQ | ESPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.33% | 4.82% | +30.51% |
Volatility (6M)Calculated over the trailing 6-month period | 134.97% | 14.65% | +120.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 122.14% | 18.81% | +103.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.13% | 25.11% | +50.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.88% | 25.73% | +40.15% |
AGQ vs. ESPO - Expense Ratio Comparison
AGQ has a 0.93% expense ratio, which is higher than ESPO's 0.55% expense ratio.
Dividends
AGQ vs. ESPO - Dividend Comparison
AGQ has not paid dividends to shareholders, while ESPO's dividend yield for the trailing twelve months is around 1.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AGQ ProShares Ultra Silver | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ESPO VanEck Vectors Video Gaming and eSports ETF | 1.47% | 1.24% | 0.44% | 0.96% | 0.91% | 3.36% | 0.12% | 0.22% | 0.04% |
Frequently Asked Questions
AGQ and ESPO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGQ has higher volatility (35.33%) compared to ESPO (4.82%). In terms of maximum drawdown, AGQ dropped -98.16% vs ESPO's -50.99%.
On 5-year performance, AGQ leads with 9.46% vs 5.52% for ESPO. On fees, ESPO is cheaper at 0.55% per year. On volatility, ESPO has been the lower-risk option at 4.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AGQ has performed better with a 9.46% return vs 5.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ESPO is cheaper with a 0.55% expense ratio, compared with 0.93% for AGQ.
ESPO has the higher dividend yield at 1.47%, compared with 0.00% for AGQ.
AGQ is categorized as Silver, while ESPO is Large Cap Growth Equities. AGQ tracks Bloomberg Silver Subindex (200%), while ESPO tracks MVIS Global Video Gaming and eSports Index. They also come from different issuers: ProShares and VanEck. Their fees differ too: 0.93% for AGQ and 0.55% for ESPO.
AGQ currently has the higher Sharpe Ratio (0.57 vs -0.80), 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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