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AGQ vs. PAAS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


AGQPAAS
YTD Return40.85%26.02%
1Y Return46.40%44.86%
3Y Return (Ann)-5.62%-8.86%
5Y Return (Ann)9.07%11.50%
10Y Return (Ann)-6.08%5.02%
Sharpe Ratio0.751.00
Daily Std Dev57.07%44.67%
Max Drawdown-98.16%-85.10%
Current Drawdown-94.76%-43.95%

Correlation

-0.50.00.51.00.7

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 40.85% return, which is significantly higher than PAAS's 26.02% return. Over the past 10 years, AGQ has underperformed PAAS with an annualized return of -6.08%, while PAAS has yielded a comparatively higher 5.02% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-50.00%0.00%50.00%100.00%150.00%2024FebruaryMarchAprilMayJune
-16.07%
142.38%
AGQ
PAAS

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ProShares Ultra Silver

Pan American Silver Corp.

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.


AGQ
Sharpe ratio
The chart of Sharpe ratio for AGQ, currently valued at 0.75, compared to the broader market0.002.004.006.000.75
Sortino ratio
The chart of Sortino ratio for AGQ, currently valued at 1.37, compared to the broader market0.005.0010.001.37
Omega ratio
The chart of Omega ratio for AGQ, currently valued at 1.17, compared to the broader market0.501.001.502.002.503.003.501.17
Calmar ratio
The chart of Calmar ratio for AGQ, currently valued at 0.44, compared to the broader market0.005.0010.0015.0020.000.44
Martin ratio
The chart of Martin ratio for AGQ, currently valued at 2.47, compared to the broader market0.0020.0040.0060.0080.00100.00120.002.47
PAAS
Sharpe ratio
The chart of Sharpe ratio for PAAS, currently valued at 1.00, compared to the broader market0.002.004.006.001.00
Sortino ratio
The chart of Sortino ratio for PAAS, currently valued at 1.63, compared to the broader market0.005.0010.001.63
Omega ratio
The chart of Omega ratio for PAAS, currently valued at 1.20, compared to the broader market0.501.001.502.002.503.003.501.20
Calmar ratio
The chart of Calmar ratio for PAAS, currently valued at 0.67, compared to the broader market0.005.0010.0015.0020.000.67
Martin ratio
The chart of Martin ratio for PAAS, currently valued at 3.77, compared to the broader market0.0020.0040.0060.0080.00100.00120.003.77

AGQ vs. PAAS - Sharpe Ratio Comparison

The current AGQ Sharpe Ratio is 0.75, which roughly equals the PAAS Sharpe Ratio of 1.00. The chart below compares the 12-month rolling Sharpe Ratio of AGQ and PAAS.


Rolling 12-month Sharpe Ratio-0.500.000.501.002024FebruaryMarchAprilMayJune
0.75
1.00
AGQ
PAAS

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 1.97%.


TTM20232022202120202019201820172016201520142013
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.
1.97%2.45%2.75%1.36%0.64%0.59%0.96%0.64%0.33%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.


-100.00%-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%2024FebruaryMarchAprilMayJune
-94.76%
-43.95%
AGQ
PAAS

Volatility

AGQ vs. PAAS - Volatility Comparison

ProShares Ultra Silver (AGQ) has a higher volatility of 27.79% compared to Pan American Silver Corp. (PAAS) at 16.52%. 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.


10.00%15.00%20.00%25.00%30.00%2024FebruaryMarchAprilMayJune
27.79%
16.52%
AGQ
PAAS