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

Key characteristics


AGQSPY
YTD Return40.85%15.29%
1Y Return46.40%26.49%
3Y Return (Ann)-5.62%10.42%
5Y Return (Ann)9.07%14.94%
10Y Return (Ann)-6.08%12.85%
Sharpe Ratio0.752.40
Daily Std Dev57.07%11.21%
Max Drawdown-98.16%-55.19%
Current Drawdown-94.76%-0.41%

Correlation

-0.50.00.51.00.2

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 40.85% return, which is significantly higher than SPY's 15.29% return. Over the past 10 years, AGQ has underperformed SPY with an annualized return of -6.08%, while SPY has yielded a comparatively higher 12.85% 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%200.00%400.00%600.00%800.00%2024FebruaryMarchAprilMayJune
-16.07%
761.87%
AGQ
SPY

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ProShares Ultra Silver

SPDR S&P 500 ETF

AGQ vs. SPY - Expense Ratio Comparison

AGQ has a 0.93% expense ratio, which is higher than SPY's 0.09% expense ratio.


AGQ
ProShares Ultra Silver
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%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

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.


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
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 2.40, compared to the broader market0.002.004.006.002.40
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 3.38, compared to the broader market0.005.0010.003.38
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.43, compared to the broader market0.501.001.502.002.503.003.501.43
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 2.31, compared to the broader market0.005.0010.0015.0020.002.31
Martin ratio
The chart of Martin ratio for SPY, currently valued at 9.33, compared to the broader market0.0020.0040.0060.0080.00100.00120.009.33

AGQ vs. SPY - Sharpe Ratio Comparison

The current AGQ Sharpe Ratio is 0.75, which is lower than the SPY Sharpe Ratio of 2.40. The chart below compares the 12-month rolling Sharpe Ratio of AGQ and SPY.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.002024FebruaryMarchAprilMayJune
0.75
2.40
AGQ
SPY

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 1.26%.


TTM20232022202120202019201820172016201520142013
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
1.26%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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%2024FebruaryMarchAprilMayJune
-94.76%
-0.41%
AGQ
SPY

Volatility

AGQ vs. SPY - Volatility Comparison

ProShares Ultra Silver (AGQ) has a higher volatility of 27.79% compared to SPDR S&P 500 ETF (SPY) at 2.41%. 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.


5.00%10.00%15.00%20.00%25.00%30.00%2024FebruaryMarchAprilMayJune
27.79%
2.41%
AGQ
SPY