AGQ vs. SQQQ
Compare and contrast key facts about ProShares Ultra Silver (AGQ) and ProShares UltraPro Short QQQ (SQQQ).
AGQ and SQQQ 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. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010. Both AGQ and SQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
AGQ vs. SQQQ - Performance Comparison
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AGQ vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGQ ProShares Ultra Silver | -23.34% | 360.71% | 23.92% | -15.09% | -7.89% | -32.25% | 62.02% | 20.02% | -22.10% | 5.49% |
SQQQ ProShares UltraPro Short QQQ | 13.99% | -53.05% | -49.79% | -73.61% | 82.40% | -60.87% | -86.40% | -65.92% | -20.83% | -58.67% |
Returns By Period
In the year-to-date period, AGQ achieves a -23.34% return, which is significantly lower than SQQQ's 13.99% return. Over the past 10 years, AGQ has outperformed SQQQ with an annualized return of 14.25%, while SQQQ has yielded a comparatively lower -52.71% annualized return.
AGQ
- 1D
- -0.50%
- 1M
- -32.70%
- YTD
- -23.34%
- 6M
- 51.96%
- 1Y
- 163.54%
- 3Y*
- 56.15%
- 5Y*
- 22.66%
- 10Y*
- 14.25%
SQQQ
- 1D
- -3.78%
- 1M
- 10.61%
- YTD
- 13.99%
- 6M
- 6.42%
- 1Y
- -56.13%
- 3Y*
- -49.39%
- 5Y*
- -42.70%
- 10Y*
- -52.71%
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AGQ vs. SQQQ - Expense Ratio Comparison
AGQ has a 0.93% expense ratio, which is lower than SQQQ's 0.95% expense ratio.
Return for Risk
AGQ vs. SQQQ — Risk / Return Rank
AGQ
SQQQ
AGQ vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and ProShares UltraPro Short QQQ (SQQQ). 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 | SQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | -0.84 | +2.23 |
Sortino ratioReturn per unit of downside risk | 2.00 | -1.14 | +3.14 |
Omega ratioGain probability vs. loss probability | 1.35 | 0.84 | +0.51 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | -0.76 | +2.83 |
Martin ratioReturn relative to average drawdown | 5.57 | -0.87 | +6.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGQ | SQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | -0.84 | +2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | -0.64 | +0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | -0.80 | +1.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | -0.85 | +0.93 |
Correlation
The correlation between AGQ and SQQQ is -0.17. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
AGQ vs. SQQQ - Dividend Comparison
AGQ has not paid dividends to shareholders, while SQQQ's dividend yield for the trailing twelve months is around 5.99%.
| TTM | 2025 | 2024 | 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% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 5.99% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
AGQ vs. SQQQ - Drawdown Comparison
The maximum AGQ drawdown since its inception was -98.16%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for AGQ and SQQQ.
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Drawdown Indicators
| AGQ | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -100.00% | +1.84% |
Max Drawdown (1Y)Largest decline over 1 year | -76.21% | -75.23% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -76.21% | -95.36% | +19.15% |
Max Drawdown (10Y)Largest decline over 10 years | -76.25% | -99.96% | +23.71% |
Current DrawdownCurrent decline from peak | -83.72% | -100.00% | +16.28% |
Average DrawdownAverage peak-to-trough decline | -79.83% | -92.32% | +12.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.27% | 65.40% | -37.13% |
Volatility
AGQ vs. SQQQ - Volatility Comparison
ProShares Ultra Silver (AGQ) has a higher volatility of 34.37% compared to ProShares UltraPro Short QQQ (SQQQ) at 19.98%. This indicates that AGQ's price experiences larger fluctuations and is considered to be riskier than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGQ | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.37% | 19.98% | +14.39% |
Volatility (6M)Calculated over the trailing 6-month period | 132.42% | 38.23% | +94.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 117.90% | 67.38% | +50.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.01% | 66.65% | +6.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.67% | 65.97% | -1.30% |