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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGQ or PAAS.
Key characteristics
| AGQ | PAAS | |
|---|---|---|
| YTD Return | 38.02% | 34.12% |
| 1Y Return | 43.40% | 57.09% |
| 3Y Return (Ann) | -3.49% | -5.97% |
| 5Y Return (Ann) | 5.43% | 4.98% |
| 10Y Return (Ann) | -1.01% | 9.58% |
| Sharpe Ratio | 0.85 | 1.44 |
| Sortino Ratio | 1.50 | 2.16 |
| Omega Ratio | 1.18 | 1.25 |
| Calmar Ratio | 0.55 | 1.02 |
| Martin Ratio | 3.21 | 5.42 |
| Ulcer Index | 16.72% | 12.52% |
| Daily Std Dev | 63.12% | 47.04% |
| Max Drawdown | -98.16% | -85.10% |
| Current Drawdown | -94.87% | -40.34% |
Correlation
The correlation between AGQ and PAAS is 0.68, 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.
Performance
AGQ vs. PAAS - Performance Comparison
In the year-to-date period, AGQ achieves a 38.02% return, which is significantly higher than PAAS's 34.12% return. Over the past 10 years, AGQ has underperformed PAAS with an annualized return of -1.01%, while PAAS has yielded a comparatively higher 9.58% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AGQ vs. PAAS - Risk-Adjusted Performance 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.
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 1.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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. | 1.86% | 2.45% | 2.75% | 1.36% | 0.64% | 0.59% | 0.96% | 0.64% | 0.34% | 4.23% | 5.43% | 4.27% |
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. For additional features, visit the drawdowns tool.
Volatility
AGQ vs. PAAS - Volatility Comparison
ProShares Ultra Silver (AGQ) has a higher volatility of 21.76% compared to Pan American Silver Corp. (PAAS) at 15.02%. 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.