AGQ vs. UVXY
Compare and contrast key facts about ProShares Ultra Silver (AGQ) and ProShares Ultra VIX Short-Term Futures ETF (UVXY).
AGQ and UVXY 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. UVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX SHORT-TERM FUTURES TR (150%). It was launched on Oct 3, 2011. Both AGQ and UVXY 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. UVXY - Performance Comparison
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AGQ vs. UVXY - 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% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 40.61% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -84.23% | 60.10% | -94.17% |
Returns By Period
In the year-to-date period, AGQ achieves a -23.34% return, which is significantly lower than UVXY's 40.61% return. Over the past 10 years, AGQ has outperformed UVXY with an annualized return of 14.25%, while UVXY has yielded a comparatively lower -72.80% 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%
UVXY
- 1D
- -3.40%
- 1M
- 25.05%
- YTD
- 40.61%
- 6M
- -2.75%
- 1Y
- -57.00%
- 3Y*
- -64.84%
- 5Y*
- -67.28%
- 10Y*
- -72.80%
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AGQ vs. UVXY - Expense Ratio Comparison
AGQ has a 0.93% expense ratio, which is lower than UVXY's 0.95% expense ratio.
Return for Risk
AGQ vs. UVXY — Risk / Return Rank
AGQ
UVXY
AGQ vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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 | UVXY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | -0.51 | +1.90 |
Sortino ratioReturn per unit of downside risk | 2.00 | -0.30 | +2.30 |
Omega ratioGain probability vs. loss probability | 1.35 | 0.96 | +0.39 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | -0.66 | +2.73 |
Martin ratioReturn relative to average drawdown | 5.57 | -0.80 | +6.37 |
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 | UVXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | -0.51 | +1.90 |
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 | -0.64 | +0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | -0.67 | +0.76 |
Correlation
The correlation between AGQ and UVXY is -0.14. 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. UVXY - Dividend Comparison
Neither AGQ nor UVXY has paid dividends to shareholders.
Drawdowns
AGQ vs. UVXY - Drawdown Comparison
The maximum AGQ drawdown since its inception was -98.16%, roughly equal to the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for AGQ and UVXY.
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Drawdown Indicators
| AGQ | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -100.00% | +1.84% |
Max Drawdown (1Y)Largest decline over 1 year | -76.21% | -85.64% | +9.43% |
Max Drawdown (5Y)Largest decline over 5 years | -76.21% | -99.77% | +23.56% |
Max Drawdown (10Y)Largest decline over 10 years | -76.25% | -100.00% | +23.75% |
Current DrawdownCurrent decline from peak | -83.72% | -100.00% | +16.28% |
Average DrawdownAverage peak-to-trough decline | -79.83% | -98.53% | +18.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.27% | 71.09% | -42.82% |
Volatility
AGQ vs. UVXY - Volatility Comparison
The current volatility for ProShares Ultra Silver (AGQ) is 34.37%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 45.03%. This indicates that AGQ experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGQ | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.37% | 45.03% | -10.66% |
Volatility (6M)Calculated over the trailing 6-month period | 132.42% | 71.80% | +60.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 117.90% | 113.07% | +4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.01% | 105.47% | -32.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.67% | 114.51% | -49.84% |