AGQ vs. KOLD
Compare and contrast key facts about ProShares Ultra Silver (AGQ) and ProShares UltraShort Bloomberg Natural Gas (KOLD).
AGQ and KOLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGQ is a passively managed fund by ProShares that tracks the performance of the Bloomberg Silver (200%). It was launched on Dec 1, 2008. KOLD is a passively managed fund by ProShares that tracks the performance of the Bloomberg Natural Gas Subindex (TR) (200%). It was launched on Oct 4, 2011. Both AGQ and KOLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
AGQ vs. KOLD - Performance Comparison
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AGQ vs. KOLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGQ ProShares Ultra Silver | -22.96% | 360.71% | 23.92% | -15.09% | -7.89% | -32.25% | 62.02% | 20.02% | -22.10% | 5.49% |
KOLD ProShares UltraShort Bloomberg Natural Gas | -38.45% | -17.48% | -11.34% | 249.82% | -88.62% | -74.44% | 22.05% | 82.94% | -46.48% | 72.02% |
Returns By Period
In the year-to-date period, AGQ achieves a -22.96% return, which is significantly higher than KOLD's -38.45% return. Over the past 10 years, AGQ has outperformed KOLD with an annualized return of 14.30%, while KOLD has yielded a comparatively lower -29.03% annualized return.
AGQ
- 1D
- 15.10%
- 1M
- -38.20%
- YTD
- -22.96%
- 6M
- 56.75%
- 1Y
- 158.90%
- 3Y*
- 56.41%
- 5Y*
- 22.79%
- 10Y*
- 14.30%
KOLD
- 1D
- -0.73%
- 1M
- -7.42%
- YTD
- -38.45%
- 6M
- -37.60%
- 1Y
- 10.94%
- 3Y*
- -15.68%
- 5Y*
- -43.73%
- 10Y*
- -29.03%
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AGQ vs. KOLD - Expense Ratio Comparison
AGQ has a 0.93% expense ratio, which is lower than KOLD's 0.95% expense ratio.
Return for Risk
AGQ vs. KOLD — Risk / Return Rank
AGQ
KOLD
AGQ vs. KOLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and ProShares UltraShort Bloomberg Natural Gas (KOLD). 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 | KOLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 0.09 | +1.27 |
Sortino ratioReturn per unit of downside risk | 1.98 | 1.02 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.13 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 0.11 | +1.97 |
Martin ratioReturn relative to average drawdown | 5.67 | 0.27 | +5.40 |
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 | KOLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 0.09 | +1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | -0.37 | +0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | -0.29 | +0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | -0.15 | +0.23 |
Correlation
The correlation between AGQ and KOLD is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AGQ vs. KOLD - Dividend Comparison
Neither AGQ nor KOLD has paid dividends to shareholders.
Drawdowns
AGQ vs. KOLD - Drawdown Comparison
The maximum AGQ drawdown since its inception was -98.16%, roughly equal to the maximum KOLD drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for AGQ and KOLD.
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Drawdown Indicators
| AGQ | KOLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -99.45% | +1.29% |
Max Drawdown (1Y)Largest decline over 1 year | -76.21% | -72.50% | -3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -76.21% | -98.91% | +22.70% |
Max Drawdown (10Y)Largest decline over 10 years | -76.25% | -99.45% | +23.20% |
Current DrawdownCurrent decline from peak | -83.64% | -97.48% | +13.84% |
Average DrawdownAverage peak-to-trough decline | -79.82% | -69.15% | -10.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.99% | 31.16% | -3.17% |
Volatility
AGQ vs. KOLD - Volatility Comparison
ProShares Ultra Silver (AGQ) has a higher volatility of 38.31% compared to ProShares UltraShort Bloomberg Natural Gas (KOLD) at 29.18%. This indicates that AGQ's price experiences larger fluctuations and is considered to be riskier than KOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGQ | KOLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.31% | 29.18% | +9.13% |
Volatility (6M)Calculated over the trailing 6-month period | 132.42% | 101.24% | +31.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 117.89% | 120.63% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.03% | 118.49% | -45.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.68% | 101.91% | -37.23% |