AGQ vs. PAAS
Compare and contrast key facts about ProShares Ultra Silver (AGQ) and Pan American Silver Corp. (PAAS).
AGQ is a passively managed fund by ProShares that tracks the performance of the Bloomberg Silver (200%). It was launched on Dec 1, 2008.
Performance
AGQ vs. PAAS - Performance Comparison
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AGQ vs. PAAS - 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% |
PAAS Pan American Silver Corp. | 5.72% | 160.40% | 26.61% | 2.50% | -33.00% | -26.78% | 46.88% | 63.86% | -5.30% | 3.86% |
Returns By Period
In the year-to-date period, AGQ achieves a -22.96% return, which is significantly lower than PAAS's 5.72% return. Over the past 10 years, AGQ has underperformed PAAS with an annualized return of 14.30%, while PAAS has yielded a comparatively higher 19.06% 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%
PAAS
- 1D
- 6.78%
- 1M
- -20.27%
- YTD
- 5.72%
- 6M
- 41.96%
- 1Y
- 114.60%
- 3Y*
- 47.16%
- 5Y*
- 13.99%
- 10Y*
- 19.06%
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Return for Risk
AGQ vs. PAAS — Risk / Return Rank
AGQ
PAAS
AGQ vs. PAAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and Pan American Silver Corp. (PAAS). 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 | PAAS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 2.00 | -0.65 |
Sortino ratioReturn per unit of downside risk | 1.98 | 2.32 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 3.57 | -1.48 |
Martin ratioReturn relative to average drawdown | 5.67 | 11.55 | -5.88 |
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 | PAAS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 2.00 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.30 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.38 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.17 | -0.08 |
Correlation
The correlation between AGQ and PAAS is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AGQ vs. PAAS - Dividend Comparison
AGQ has not paid dividends to shareholders, while PAAS's dividend yield for the trailing twelve months is around 0.99%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGQ ProShares Ultra Silver | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PAAS Pan American Silver Corp. | 0.99% | 0.89% | 1.98% | 2.45% | 2.75% | 1.36% | 0.64% | 0.59% | 0.96% | 0.64% | 0.33% | 4.23% |
Drawdowns
AGQ vs. PAAS - Drawdown Comparison
The maximum AGQ drawdown since its inception was -98.16%, which is greater than PAAS's maximum drawdown of -85.10%. Use the drawdown chart below to compare losses from any high point for AGQ and PAAS.
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Drawdown Indicators
| AGQ | PAAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -85.10% | -13.06% |
Max Drawdown (1Y)Largest decline over 1 year | -76.21% | -31.90% | -44.31% |
Max Drawdown (5Y)Largest decline over 5 years | -76.21% | -63.00% | -13.21% |
Max Drawdown (10Y)Largest decline over 10 years | -76.25% | -66.74% | -9.51% |
Current DrawdownCurrent decline from peak | -83.64% | -20.27% | -63.37% |
Average DrawdownAverage peak-to-trough decline | -79.82% | -41.79% | -38.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.99% | 9.85% | +18.14% |
Volatility
AGQ vs. PAAS - Volatility Comparison
ProShares Ultra Silver (AGQ) has a higher volatility of 38.31% compared to Pan American Silver Corp. (PAAS) at 19.05%. This indicates that AGQ's price experiences larger fluctuations and is considered to be riskier than PAAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGQ | PAAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.31% | 19.05% | +19.26% |
Volatility (6M)Calculated over the trailing 6-month period | 132.42% | 45.40% | +87.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 117.89% | 57.58% | +60.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.03% | 47.60% | +25.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.68% | 49.68% | +15.00% |