AGQ vs. UUP
Compare and contrast key facts about ProShares Ultra Silver (AGQ) and Invesco DB US Dollar Index Bullish Fund (UUP).
AGQ and UUP 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. UUP is a passively managed fund by Invesco that tracks the performance of the Deutsche Bank Long US Dollar Index (USDX) Futures Index. It was launched on Feb 20, 2007. Both AGQ and UUP 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 UUP.
Key characteristics
| AGQ | UUP | |
|---|---|---|
| YTD Return | 38.02% | 10.71% |
| 1Y Return | 43.40% | 8.78% |
| 3Y Return (Ann) | -3.49% | 8.09% |
| 5Y Return (Ann) | 5.43% | 4.15% |
| 10Y Return (Ann) | -1.01% | 3.64% |
| Sharpe Ratio | 0.85 | 1.15 |
| Sortino Ratio | 1.50 | 1.68 |
| Omega Ratio | 1.18 | 1.21 |
| Calmar Ratio | 0.55 | 1.24 |
| Martin Ratio | 3.21 | 4.48 |
| Ulcer Index | 16.72% | 1.57% |
| Daily Std Dev | 63.12% | 6.16% |
| Max Drawdown | -98.16% | -22.19% |
| Current Drawdown | -94.87% | 0.00% |
Correlation
The correlation between AGQ and UUP is -0.43. 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.
Performance
AGQ vs. UUP - Performance Comparison
In the year-to-date period, AGQ achieves a 38.02% return, which is significantly higher than UUP's 10.71% return. Over the past 10 years, AGQ has underperformed UUP with an annualized return of -1.01%, while UUP has yielded a comparatively higher 3.64% 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. UUP - Expense Ratio Comparison
AGQ has a 0.93% expense ratio, which is higher than UUP's 0.75% expense ratio.
Risk-Adjusted Performance
AGQ vs. UUP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and Invesco DB US Dollar Index Bullish Fund (UUP). 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. UUP - Dividend Comparison
AGQ has not paid dividends to shareholders, while UUP's dividend yield for the trailing twelve months is around 5.82%.
| 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% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.82% | 6.45% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
Drawdowns
AGQ vs. UUP - Drawdown Comparison
The maximum AGQ drawdown since its inception was -98.16%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for AGQ and UUP. For additional features, visit the drawdowns tool.
Volatility
AGQ vs. UUP - Volatility Comparison
ProShares Ultra Silver (AGQ) has a higher volatility of 21.76% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 2.36%. This indicates that AGQ's price experiences larger fluctuations and is considered to be riskier than UUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.