AGQ vs. SILJ
AGQ (ProShares Ultra Silver) and SILJ (Amplify Junior Silver Miners ETF) are both Silver funds - AGQ tracks the Bloomberg Silver Subindex (200%) while SILJ tracks the Nasdaq Junior Silver Miners Index. Both are passively managed. Over the past 10 years, AGQ returned 5.67%/yr vs 8.20%/yr for SILJ. A 0.73 correlation means they provide meaningful diversification when combined. AGQ charges 0.93%/yr vs 0.69%/yr for SILJ.
Performance
AGQ vs. SILJ - Performance Comparison
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Returns By Period
In the year-to-date period, AGQ achieves a -52.18% return, which is significantly lower than SILJ's -5.93% return. Over the past 10 years, AGQ has underperformed SILJ with an annualized return of 5.67%, while SILJ has yielded a comparatively higher 8.20% annualized return.
AGQ
- 1D
- -10.97%
- 1M
- -35.39%
- YTD
- -52.18%
- 6M
- -55.31%
- 1Y
- 54.32%
- 3Y*
- 41.58%
- 5Y*
- 10.28%
- 10Y*
- 5.67%
SILJ
- 1D
- -5.76%
- 1M
- -9.71%
- YTD
- -5.93%
- 6M
- -10.68%
- 1Y
- 80.90%
- 3Y*
- 45.63%
- 5Y*
- 13.14%
- 10Y*
- 8.20%
AGQ vs. SILJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGQ ProShares Ultra Silver | -52.18% | 360.71% | 23.92% | -15.09% | -7.89% | -32.25% | 62.02% | 20.02% | -22.10% | 5.49% |
SILJ Amplify Junior Silver Miners ETF | -5.93% | 183.89% | 6.39% | -5.21% | -15.42% | -23.21% | 33.00% | 57.06% | -27.95% | -5.65% |
Correlation
The correlation between AGQ and SILJ is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2012 | 0.73 |
The correlation between AGQ and SILJ has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
AGQ vs. SILJ — Risk / Return Rank
AGQ
SILJ
AGQ vs. SILJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and Amplify Junior Silver Miners ETF (SILJ). 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 | SILJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 2.08 | -1.41 |
| Martin ratioReturn relative to average drawdown | 1.25 | 5.12 | -3.87 |
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Drawdowns
AGQ vs. SILJ - Drawdown Comparison
The maximum AGQ drawdown since its inception was -98.16%, which is greater than SILJ's maximum drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for AGQ and SILJ.
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Drawdown Indicators
| AGQ | SILJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -79.04% | -19.12% |
Max Drawdown (1Y)Largest decline over 1 year | -81.48% | -39.16% | -42.32% |
Max Drawdown (3Y)Largest decline over 3 years | -81.48% | -39.16% | -42.32% |
Max Drawdown (5Y)Largest decline over 5 years | -81.48% | -48.81% | -32.67% |
Max Drawdown (10Y)Largest decline over 10 years | -81.48% | -70.06% | -11.42% |
Current DrawdownCurrent decline from peak | -89.85% | -35.41% | -54.44% |
Average DrawdownAverage peak-to-trough decline | -79.87% | -41.39% | -38.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.63% | 15.86% | +27.77% |
Volatility
AGQ vs. SILJ - Volatility Comparison
ProShares Ultra Silver (AGQ) has a higher volatility of 29.28% compared to Amplify Junior Silver Miners ETF (SILJ) at 20.52%. This indicates that AGQ's price experiences larger fluctuations and is considered to be riskier than SILJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGQ | SILJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.28% | 20.52% | +8.76% |
Volatility (6M)Calculated over the trailing 6-month period | 135.34% | 48.11% | +87.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 123.59% | 57.43% | +66.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.53% | 44.93% | +30.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.15% | 46.51% | +19.64% |
AGQ vs. SILJ - Expense Ratio Comparison
AGQ has a 0.93% expense ratio, which is higher than SILJ's 0.69% expense ratio.
Dividends
AGQ vs. SILJ - Dividend Comparison
AGQ has not paid dividends to shareholders, while SILJ's dividend yield for the trailing twelve months is around 2.13%.
| Position | 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% |
SILJ Amplify Junior Silver Miners ETF | 2.13% | 2.00% | 7.26% | 0.01% | 0.05% | 0.36% | 1.23% | 1.45% | 1.66% | 0.00% | 0.52% | 2.46% |
Frequently Asked Questions
AGQ and SILJ have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGQ has higher volatility (29.28%) compared to SILJ (20.52%). In terms of maximum drawdown, AGQ dropped -98.16% vs SILJ's -79.04%.
On 10-year performance, SILJ leads with 8.20% vs 5.67% for AGQ. On fees, SILJ is cheaper at 0.69% per year. On volatility, SILJ has been the lower-risk option at 20.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SILJ has performed better with a 8.20% return vs 5.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SILJ is cheaper with a 0.69% expense ratio, compared with 0.93% for AGQ.
SILJ has the higher dividend yield at 2.13%, compared with 0.00% for AGQ.
AGQ tracks Bloomberg Silver Subindex (200%), while SILJ tracks Nasdaq Junior Silver Miners Index. They also come from different issuers: ProShares and Amplify. Their fees differ too: 0.93% for AGQ and 0.69% for SILJ.
SILJ currently has the higher Sharpe Ratio (1.42 vs 0.44), 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.
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