AGQ vs. SILJ
Compare and contrast key facts about ProShares Ultra Silver (AGQ) and ETFMG Prime Junior Silver Miners ETF (SILJ).
AGQ and SILJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGQ is a passively managed fund by ProShares that tracks the performance of the Bloomberg Silver (-200%). It was launched on Dec 1, 2008. SILJ is a passively managed fund by ETFMG that tracks the performance of the Prime Junior Silver Miners & Explorers Index. It was launched on Nov 28, 2012. Both AGQ and SILJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGQ or SILJ.
Key characteristics
| AGQ | SILJ | |
|---|---|---|
| YTD Return | 38.02% | 17.50% |
| 1Y Return | 43.40% | 38.08% |
| 3Y Return (Ann) | -3.49% | -6.68% |
| 5Y Return (Ann) | 5.43% | 3.13% |
| 10Y Return (Ann) | -1.01% | 3.87% |
| Sharpe Ratio | 0.85 | 1.18 |
| Sortino Ratio | 1.50 | 1.78 |
| Omega Ratio | 1.18 | 1.21 |
| Calmar Ratio | 0.55 | 0.80 |
| Martin Ratio | 3.21 | 4.57 |
| Ulcer Index | 16.72% | 10.39% |
| Daily Std Dev | 63.12% | 40.27% |
| Max Drawdown | -98.16% | -79.04% |
| Current Drawdown | -94.87% | -39.45% |
Correlation
The correlation between AGQ and SILJ is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AGQ vs. SILJ - Performance Comparison
In the year-to-date period, AGQ achieves a 38.02% return, which is significantly higher than SILJ's 17.50% return. Over the past 10 years, AGQ has underperformed SILJ with an annualized return of -1.01%, while SILJ has yielded a comparatively higher 3.87% 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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AGQ vs. SILJ - Expense Ratio Comparison
AGQ has a 0.93% expense ratio, which is higher than SILJ's 0.69% expense ratio.
Risk-Adjusted Performance
AGQ vs. SILJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and ETFMG Prime 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.
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 0.01%.
| 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% |
SILJ ETFMG Prime Junior Silver Miners ETF | 0.01% | 0.01% | 0.06% | 0.36% | 1.23% | 1.45% | 1.65% | 0.00% | 0.52% | 2.45% | 0.00% | 0.10% |
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. For additional features, visit the drawdowns tool.
Volatility
AGQ vs. SILJ - Volatility Comparison
ProShares Ultra Silver (AGQ) has a higher volatility of 21.76% compared to ETFMG Prime Junior Silver Miners ETF (SILJ) at 13.58%. 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.