AGQ vs. SPXL
Compare and contrast key facts about ProShares Ultra Silver (AGQ) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
AGQ and SPXL 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. SPXL is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (300%). It was launched on Nov 5, 2008. Both AGQ and SPXL 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 SPXL.
Key characteristics
| AGQ | SPXL | |
|---|---|---|
| YTD Return | 38.02% | 75.37% |
| 1Y Return | 43.40% | 107.18% |
| 3Y Return (Ann) | -3.49% | 10.61% |
| 5Y Return (Ann) | 5.43% | 25.62% |
| 10Y Return (Ann) | -1.01% | 24.92% |
| Sharpe Ratio | 0.85 | 3.29 |
| Sortino Ratio | 1.50 | 3.54 |
| Omega Ratio | 1.18 | 1.49 |
| Calmar Ratio | 0.55 | 3.08 |
| Martin Ratio | 3.21 | 19.76 |
| Ulcer Index | 16.72% | 6.04% |
| Daily Std Dev | 63.12% | 36.31% |
| Max Drawdown | -98.16% | -76.86% |
| Current Drawdown | -94.87% | -0.84% |
Correlation
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
In the year-to-date period, AGQ achieves a 38.02% return, which is significantly lower than SPXL's 75.37% return. Over the past 10 years, AGQ has underperformed SPXL with an annualized return of -1.01%, while SPXL has yielded a comparatively higher 24.92% 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. SPXL - Expense Ratio Comparison
AGQ has a 0.93% expense ratio, which is lower than SPXL's 1.02% expense ratio.
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.
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 0.68%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
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 | 0.68% | 0.98% | 0.33% | 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.
Volatility
AGQ vs. SPXL - Volatility Comparison
ProShares Ultra Silver (AGQ) has a higher volatility of 21.76% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 11.27%. 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.