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

Key characteristics


AGQSPXL
YTD Return40.85%41.55%
1Y Return46.40%71.50%
3Y Return (Ann)-5.62%13.33%
5Y Return (Ann)9.07%23.82%
10Y Return (Ann)-6.08%23.90%
Sharpe Ratio0.752.18
Daily Std Dev57.07%33.55%
Max Drawdown-98.16%-76.86%
Current Drawdown-94.76%-1.54%

Correlation

-0.50.00.51.00.2

The correlation between AGQ and SPXL is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

AGQ vs. SPXL - Performance Comparison

The year-to-date returns for both investments are quite close, with AGQ having a 40.85% return and SPXL slightly higher at 41.55%. Over the past 10 years, AGQ has underperformed SPXL with an annualized return of -6.08%, while SPXL has yielded a comparatively higher 23.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2,000.00%4,000.00%6,000.00%8,000.00%2024FebruaryMarchAprilMayJune
-16.07%
7,309.24%
AGQ
SPXL

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ProShares Ultra Silver

Direxion Daily S&P 500 Bull 3X Shares

AGQ vs. SPXL - Expense Ratio Comparison

AGQ has a 0.93% expense ratio, which is lower than SPXL's 1.02% expense ratio.


SPXL
Direxion Daily S&P 500 Bull 3X Shares
Expense ratio chart for SPXL: current value at 1.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.02%
Expense ratio chart for AGQ: current value at 0.93% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.93%

Risk-Adjusted Performance

AGQ vs. SPXL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). 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
SPXL
Sharpe ratio
The chart of Sharpe ratio for SPXL, currently valued at 2.18, compared to the broader market0.002.004.006.002.18
Sortino ratio
The chart of Sortino ratio for SPXL, currently valued at 2.74, compared to the broader market0.005.0010.002.74
Omega ratio
The chart of Omega ratio for SPXL, currently valued at 1.34, compared to the broader market0.501.001.502.002.503.003.501.34
Calmar ratio
The chart of Calmar ratio for SPXL, currently valued at 1.39, compared to the broader market0.005.0010.0015.0020.001.39
Martin ratio
The chart of Martin ratio for SPXL, currently valued at 7.62, compared to the broader market0.0020.0040.0060.0080.00100.00120.007.62

AGQ vs. SPXL - Sharpe Ratio Comparison

The current AGQ Sharpe Ratio is 0.75, which is lower than the SPXL Sharpe Ratio of 2.18. The chart below compares the 12-month rolling Sharpe Ratio of AGQ and SPXL.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.002024FebruaryMarchAprilMayJune
0.75
2.18
AGQ
SPXL

Dividends

AGQ vs. SPXL - Dividend Comparison

AGQ has not paid dividends to shareholders, while SPXL's dividend yield for the trailing twelve months is around 0.61%.


TTM2023202220212020201920182017
AGQ
ProShares Ultra Silver
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPXL
Direxion Daily S&P 500 Bull 3X Shares
0.61%0.98%0.32%0.11%0.22%0.84%1.02%3.88%

Drawdowns

AGQ vs. SPXL - Drawdown Comparison

The maximum AGQ drawdown since its inception was -98.16%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for AGQ and SPXL. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%2024FebruaryMarchAprilMayJune
-94.76%
-1.54%
AGQ
SPXL

Volatility

AGQ vs. SPXL - Volatility Comparison

ProShares Ultra Silver (AGQ) has a higher volatility of 27.79% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 7.22%. This indicates that AGQ's price experiences larger fluctuations and is considered to be riskier than SPXL 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%
7.22%
AGQ
SPXL