AGQ vs. SPY
Compare and contrast key facts about ProShares Ultra Silver (AGQ) and SPDR S&P 500 ETF (SPY).
AGQ and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both AGQ and SPY 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 SPY.
Key characteristics
| AGQ | SPY | |
|---|---|---|
| YTD Return | 38.02% | 26.83% |
| 1Y Return | 43.40% | 34.88% |
| 3Y Return (Ann) | -3.49% | 10.16% |
| 5Y Return (Ann) | 5.43% | 15.71% |
| 10Y Return (Ann) | -1.01% | 13.33% |
| Sharpe Ratio | 0.85 | 3.08 |
| Sortino Ratio | 1.50 | 4.10 |
| Omega Ratio | 1.18 | 1.58 |
| Calmar Ratio | 0.55 | 4.46 |
| Martin Ratio | 3.21 | 20.22 |
| Ulcer Index | 16.72% | 1.85% |
| Daily Std Dev | 63.12% | 12.18% |
| Max Drawdown | -98.16% | -55.19% |
| Current Drawdown | -94.87% | -0.26% |
Correlation
The correlation between AGQ and SPY 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. SPY - Performance Comparison
In the year-to-date period, AGQ achieves a 38.02% return, which is significantly higher than SPY's 26.83% return. Over the past 10 years, AGQ has underperformed SPY with an annualized return of -1.01%, while SPY has yielded a comparatively higher 13.33% 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. SPY - Expense Ratio Comparison
AGQ has a 0.93% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AGQ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
AGQ has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| 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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AGQ vs. SPY - Drawdown Comparison
The maximum AGQ drawdown since its inception was -98.16%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AGQ and SPY. For additional features, visit the drawdowns tool.
Volatility
AGQ vs. SPY - Volatility Comparison
ProShares Ultra Silver (AGQ) has a higher volatility of 21.76% compared to SPDR S&P 500 ETF (SPY) at 3.77%. This indicates that AGQ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.