AGQ vs. TQQQ
AGQ (ProShares Ultra Silver) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - AGQ is a Silver fund tracking the Bloomberg Silver Subindex (200%), while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, AGQ returned 11.35%/yr vs 45.33%/yr for TQQQ. At a 0.17 correlation, their price movements are largely independent. AGQ charges 0.93%/yr vs 0.95%/yr for TQQQ.
Performance
AGQ vs. TQQQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AGQ achieves a -30.83% return, which is significantly lower than TQQQ's 64.46% return. Over the past 10 years, AGQ has underperformed TQQQ with an annualized return of 11.35%, while TQQQ has yielded a comparatively higher 45.33% annualized return.
AGQ
- 1D
- -5.25%
- 1M
- -1.76%
- YTD
- -30.83%
- 6M
- -5.75%
- 1Y
- 142.76%
- 3Y*
- 54.17%
- 5Y*
- 15.27%
- 10Y*
- 11.35%
TQQQ
- 1D
- -0.76%
- 1M
- 33.35%
- YTD
- 64.46%
- 6M
- 55.93%
- 1Y
- 137.89%
- 3Y*
- 69.49%
- 5Y*
- 28.37%
- 10Y*
- 45.33%
AGQ vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGQ ProShares Ultra Silver | -30.83% | 360.71% | 23.92% | -15.09% | -7.89% | -32.25% | 62.02% | 20.02% | -22.10% | 5.49% |
TQQQ ProShares UltraPro QQQ | 64.46% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Correlation
The correlation between AGQ and TQQQ is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010 | 0.17 |
The correlation between AGQ and TQQQ shifts across timeframes, from 0.17 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AGQ vs. TQQQ — Risk / Return Rank
AGQ
TQQQ
AGQ vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and ProShares UltraPro QQQ (TQQQ). 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 | TQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 2.92 | -1.73 |
Sortino ratioReturn per unit of downside risk | 1.91 | 3.09 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 3.75 | -1.87 |
Martin ratioReturn relative to average drawdown | 3.59 | 12.27 | -8.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AGQ | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 2.92 | -1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.43 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.69 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.74 | -0.66 |
Drawdowns
AGQ vs. TQQQ - Drawdown Comparison
The maximum AGQ drawdown since its inception was -98.16%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for AGQ and TQQQ.
Loading charts...
Drawdown Indicators
| AGQ | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -81.66% | -16.50% |
Max Drawdown (1Y)Largest decline over 1 year | -76.21% | -36.97% | -39.24% |
Max Drawdown (3Y)Largest decline over 3 years | -76.21% | -58.04% | -18.17% |
Max Drawdown (5Y)Largest decline over 5 years | -76.21% | -81.66% | +5.45% |
Max Drawdown (10Y)Largest decline over 10 years | -76.25% | -81.66% | +5.41% |
Current DrawdownCurrent decline from peak | -85.31% | -0.76% | -84.55% |
Average DrawdownAverage peak-to-trough decline | -79.86% | -18.52% | -61.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.92% | 11.28% | +28.64% |
Volatility
AGQ vs. TQQQ - Volatility Comparison
ProShares Ultra Silver (AGQ) has a higher volatility of 33.51% compared to ProShares UltraPro QQQ (TQQQ) at 13.29%. This indicates that AGQ's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AGQ | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.51% | 13.29% | +20.22% |
Volatility (6M)Calculated over the trailing 6-month period | 133.70% | 36.04% | +97.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 120.79% | 47.60% | +73.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.68% | 66.53% | +8.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.66% | 65.96% | -0.30% |
AGQ vs. TQQQ - Expense Ratio Comparison
AGQ has a 0.93% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Dividends
AGQ vs. TQQQ - Dividend Comparison
AGQ has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TQQQ ProShares UltraPro QQQ | 0.36% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
AGQ and TQQQ have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGQ has higher volatility (33.51%) compared to TQQQ (13.29%). In terms of maximum drawdown, AGQ dropped -98.16% vs TQQQ's -81.66%.
On 10-year performance, TQQQ leads with 45.33% vs 11.35% for AGQ. On fees, AGQ is cheaper at 0.93% per year. On volatility, TQQQ has been the lower-risk option at 13.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TQQQ has performed better with a 45.33% return vs 11.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGQ is cheaper with a 0.93% expense ratio, compared with 0.95% for TQQQ.
TQQQ has the higher dividend yield at 0.36%, compared with 0.00% for AGQ.
AGQ is categorized as Silver, while TQQQ is Leveraged Equities. AGQ tracks Bloomberg Silver Subindex (200%), while TQQQ tracks NASDAQ-100 Index (300%). Their fees differ too: 0.93% for AGQ and 0.95% for TQQQ.
TQQQ currently has the higher Sharpe Ratio (2.92 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AGQ and TQQQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer