DPST vs. AGQ
DPST (Direxion Daily Regional Banks Bull 3X Shares) and AGQ (ProShares Ultra Silver) are both exchange-traded funds - DPST is a Leveraged Equities fund tracking the Solactive US Regional Banks Total Return Index (300%), while AGQ is a Silver fund tracking the Bloomberg Silver Subindex (200%). Both are passively managed. Over the past 10 years, DPST returned -11.82%/yr vs 8.24%/yr for AGQ. At a 0.05 correlation, their price movements are largely independent. DPST charges 0.99%/yr vs 0.93%/yr for AGQ.
Performance
DPST vs. AGQ - Performance Comparison
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Returns By Period
In the year-to-date period, DPST achieves a 31.95% return, which is significantly higher than AGQ's -41.54% return. Over the past 10 years, DPST has underperformed AGQ with an annualized return of -11.82%, while AGQ has yielded a comparatively higher 8.24% annualized return.
DPST
- 1D
- 4.45%
- 1M
- 28.35%
- YTD
- 31.95%
- 6M
- 20.81%
- 1Y
- 70.24%
- 3Y*
- 27.84%
- 5Y*
- -21.69%
- 10Y*
- -11.82%
AGQ
- 1D
- 1.44%
- 1M
- -42.34%
- YTD
- -41.54%
- 6M
- -27.69%
- 1Y
- 86.62%
- 3Y*
- 45.61%
- 5Y*
- 11.26%
- 10Y*
- 8.24%
DPST vs. AGQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DPST Direxion Daily Regional Banks Bull 3X Shares | 31.95% | -5.90% | 15.48% | -55.79% | -54.10% | 108.31% | -76.53% | 70.65% | -56.75% | 7.28% |
AGQ ProShares Ultra Silver | -41.54% | 360.71% | 23.92% | -15.09% | -7.89% | -32.25% | 62.02% | 20.02% | -22.10% | 5.49% |
Correlation
The correlation between DPST and AGQ is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | 0.05 |
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Return for Risk
DPST vs. AGQ — Risk / Return Rank
DPST
AGQ
DPST vs. AGQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Regional Banks Bull 3X Shares (DPST) and ProShares Ultra Silver (AGQ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DPST | AGQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.09 | +0.66 |
| Martin ratioReturn relative to average drawdown | 3.89 | 2.07 | +1.82 |
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Drawdowns
DPST vs. AGQ - Drawdown Comparison
The maximum DPST drawdown since its inception was -97.73%, roughly equal to the maximum AGQ drawdown of -98.16%. Use the drawdown chart below to compare losses from any high point for DPST and AGQ.
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Drawdown Indicators
| DPST | AGQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.73% | -98.16% | +0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -40.44% | -79.89% | +39.45% |
Max Drawdown (3Y)Largest decline over 3 years | -68.38% | -79.89% | +11.51% |
Max Drawdown (5Y)Largest decline over 5 years | -93.99% | -79.89% | -14.10% |
Max Drawdown (10Y)Largest decline over 10 years | -97.73% | -79.89% | -17.84% |
Current DrawdownCurrent decline from peak | -91.92% | -87.59% | -4.33% |
Average DrawdownAverage peak-to-trough decline | -64.19% | -79.85% | +15.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.15% | 41.95% | -23.80% |
Volatility
DPST vs. AGQ - Volatility Comparison
The current volatility for Direxion Daily Regional Banks Bull 3X Shares (DPST) is 18.15%, while ProShares Ultra Silver (AGQ) has a volatility of 33.96%. This indicates that DPST experiences smaller price fluctuations and is considered to be less risky than AGQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DPST | AGQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.15% | 33.96% | -15.81% |
Volatility (6M)Calculated over the trailing 6-month period | 47.26% | 135.10% | -87.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.42% | 122.60% | -53.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.39% | 75.28% | +14.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.58% | 65.96% | +28.62% |
DPST vs. AGQ - Expense Ratio Comparison
DPST has a 0.99% expense ratio, which is higher than AGQ's 0.93% expense ratio.
Dividends
DPST vs. AGQ - Dividend Comparison
DPST's dividend yield for the trailing twelve months is around 1.60%, while AGQ has not paid dividends to shareholders.
| Position | 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% |
DPST Direxion Daily Regional Banks Bull 3X Shares | 1.60% | 2.18% | 1.55% | 1.78% | 1.51% | 0.58% | 0.90% | 1.29% | 2.18% | 0.30% |
Frequently Asked Questions
DPST and AGQ have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGQ has higher volatility (33.96%) compared to DPST (18.15%). In terms of maximum drawdown, DPST dropped -97.73% vs AGQ's -98.16%.
On 10-year performance, AGQ leads with 8.24% vs -11.82% for DPST. On fees, AGQ is cheaper at 0.93% per year. On volatility, DPST has been the lower-risk option at 18.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AGQ has performed better with a 8.24% return vs -11.82%. 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 0.99% for DPST.
DPST has the higher dividend yield at 1.60%, compared with 0.00% for AGQ.
DPST is categorized as Leveraged Equities, while AGQ is Silver. DPST tracks Solactive US Regional Banks Total Return Index (300%), while AGQ tracks Bloomberg Silver Subindex (200%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.99% for DPST and 0.93% for AGQ.
DPST currently has the higher Sharpe Ratio (1.02 vs 0.71), 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.
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