AGQ vs. RBIL

Last updated Aug 5, 2026

AGQ (ProShares Ultra Silver) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - AGQ is a Silver fund tracking the Bloomberg Silver Subindex (200%), while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, AGQ returned 34.47% vs 3.85% for RBIL. Their -0.08 correlation means they have often moved in opposite directions in the past. AGQ charges 0.93%/yr vs 0.17%/yr for RBIL.

Performance

AGQ vs. RBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Silver (AGQ) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGQ achieves a -56.47% return, which is significantly lower than RBIL's 2.64% return.

AGQ

• 1D: 5.20%
• 1M: -6.10%
• 6M: -59.38%
• YTD: -56.47%
• 1Y: 34.47%
• 3Y*: 33.27%
• 5Y*: 9.81%
• 10Y*: 2.74%
• ALL TIME*: 2.22%

RBIL

• 1D: -0.04%
• 1M: 0.20%
• 6M: 2.28%
• YTD: 2.64%
• 1Y: 3.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AGQ ProShares Ultra Silver	$130.55M	$131.30M	$272.55M
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	$1.13M	$1.88M	$2.27M

AGQ vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
AGQ ProShares Ultra Silver	-56.47%	271.63%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.64%	2.85%

Correlation

The correlation between AGQ and RBIL is -0.10, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.10
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025	-0.08

Return for Risk

AGQ vs. RBIL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AGQ

AGQ Risk / Return Rank: 23
AGQ Sharpe Ratio Rank: 16
AGQ Sortino Ratio Rank: 30
AGQ Omega Ratio Rank: 37
AGQ Calmar Ratio Rank: 16
AGQ Martin Ratio Rank: 15

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 98
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 96
RBIL Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AGQ vs. RBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AGQ	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	0.28	4.02	-3.75
Sortino ratio: Return per unit of downside risk	1.27	6.20	-4.93
Omega ratio: Gain probability vs. loss probability	1.20	2.02	-0.82
Calmar ratio: Return relative to maximum drawdown	0.41	6.87	-6.47
Martin ratio: Return relative to average drawdown	0.67	27.96	-27.30

AGQ vs. RBIL - Sharpe Ratio Comparison

The current AGQ Sharpe Ratio is 0.28, which is lower than the RBIL Sharpe Ratio of 4.02. The chart below compares the historical Sharpe Ratios of AGQ and RBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGQ vs. RBIL - Drawdown Comparison

The maximum AGQ drawdown since its inception was -98.16%, which is greater than RBIL's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for AGQ and RBIL.

Drawdown Indicators

	AGQ	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-98.16%	-0.56%	-97.60%
Max Drawdown (1Y) Largest decline over 1 year	-85.13%	-0.56%	-84.57%
Max Drawdown (3Y) Largest decline over 3 years	-85.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-85.13%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-85.13%	—	—
Current Drawdown Current decline from peak	-90.76%	-0.19%	-90.57%
Average Drawdown Average peak-to-trough decline	-79.94%	-0.08%	-79.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.96%	0.14%	+51.82%

Volatility

AGQ vs. RBIL - Volatility Comparison

ProShares Ultra Silver (AGQ) has a higher volatility of 22.46% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.31%. This indicates that AGQ's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGQ	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.46%	0.31%	+22.15%
Volatility (6M) Calculated over the trailing 6-month period	90.17%	0.89%	+89.28%
Volatility (1Y) Calculated over the trailing 1-year period	125.56%	0.96%	+124.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.32%	1.06%	+75.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.42%	1.06%	+65.36%

AGQ vs. RBIL - Expense Ratio Comparison

AGQ has a 0.93% expense ratio, which is higher than RBIL's 0.17% expense ratio.

Dividends

AGQ vs. RBIL - Dividend Comparison

AGQ has not paid dividends to shareholders, while RBIL's dividend yield for the trailing twelve months is around 4.16%.

Position	TTM	2025
AGQ ProShares Ultra Silver	0.00%	0.00%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.16%	3.65%

Frequently Asked Questions

Can I hold both AGQ and RBIL in my portfolio?

AGQ and RBIL have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGQ or RBIL?

AGQ has higher volatility (22.46%) compared to RBIL (0.31%). In terms of maximum drawdown, AGQ dropped -98.16% vs RBIL's -0.56%.

Which ETF is better, AGQ or RBIL?

On 1-year performance, AGQ leads with 34.47% vs 3.85% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGQ or RBIL?

Over the 1-year period, AGQ has performed better with a 34.47% return vs 3.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGQ or RBIL?

RBIL is cheaper with a 0.17% expense ratio, compared with 0.93% for AGQ.

Which ETF pays a higher dividend yield, AGQ or RBIL?

RBIL has the higher dividend yield at 4.16%, compared with 0.00% for AGQ.

What is the main difference between AGQ and RBIL?

AGQ is categorized as Silver, while RBIL is Inflation-Protected Bonds. AGQ tracks Bloomberg Silver Subindex (200%), while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: ProShares and F/m. Their fees differ too: 0.93% for AGQ and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.02 vs 0.28), 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.