METU vs. AGQ

Last updated Jul 21, 2026

METU (Direxion Daily META Bull 2X ETF) and AGQ (ProShares Ultra Silver) are both exchange-traded funds - METU is a Leveraged Equities fund actively managed by Direxion, while AGQ is a Silver fund tracking the Bloomberg Silver Subindex (200%). METU is actively managed, while AGQ is passively managed. Over the past year, METU returned -34.85% vs 15.33% for AGQ. At a 0.14 correlation, their price movements are largely independent. METU charges 1.07%/yr vs 0.93%/yr for AGQ.

Performance

METU vs. AGQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily META Bull 2X ETF (METU) and ProShares Ultra Silver (AGQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METU achieves a -17.90% return, which is significantly higher than AGQ's -60.66% return.

METU

• 1D: -0.19%
• 1M: 21.57%
• 6M: -6.45%
• YTD: -17.90%
• 1Y: -34.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.17%

AGQ

• 1D: 0.96%
• 1M: -28.17%
• 6M: -74.91%
• YTD: -60.66%
• 1Y: 15.33%
• 3Y*: 24.96%
• 5Y*: 7.33%
• 10Y*: 1.71%
• ALL TIME*: 1.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

METU vs. AGQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
METU Direxion Daily META Bull 2X ETF	-17.90%	-1.01%	28.79%
AGQ ProShares Ultra Silver	-60.66%	360.71%	-13.67%

Correlation

The correlation between METU and AGQ is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024	0.14

Return for Risk

METU vs. AGQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

METU

METU Risk / Return Rank: 6
METU Sharpe Ratio Rank: 6
METU Sortino Ratio Rank: 7
METU Omega Ratio Rank: 7
METU Calmar Ratio Rank: 5
METU Martin Ratio Rank: 5

AGQ

AGQ Risk / Return Rank: 19
AGQ Sharpe Ratio Rank: 13
AGQ Sortino Ratio Rank: 25
AGQ Omega Ratio Rank: 33
AGQ Calmar Ratio Rank: 13
AGQ Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

METU vs. AGQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bull 2X ETF (METU) 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.

	METU	AGQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	0.12	-0.58
Sortino ratio: Return per unit of downside risk	-0.25	1.11	-1.35
Omega ratio: Gain probability vs. loss probability	0.97	1.17	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.57	0.18	-0.75
Martin ratio: Return relative to average drawdown	-0.92	0.31	-1.23

METU vs. AGQ - Sharpe Ratio Comparison

The current METU Sharpe Ratio is -0.45, which is lower than the AGQ Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of METU and AGQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

METU vs. AGQ - Drawdown Comparison

The maximum METU drawdown since its inception was -61.86%, smaller than the maximum AGQ drawdown of -98.16%. Use the drawdown chart below to compare losses from any high point for METU and AGQ.

Drawdown Indicators

	METU	AGQ	Difference
Max Drawdown Largest peak-to-trough decline	-61.86%	-98.16%	+36.30%
Max Drawdown (1Y) Largest decline over 1 year	-61.54%	-85.13%	+23.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-85.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-85.13%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-85.13%	—
Current Drawdown Current decline from peak	-47.52%	-91.65%	+44.13%
Average Drawdown Average peak-to-trough decline	-25.25%	-79.91%	+54.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.08%	48.99%	-10.91%

Volatility

METU vs. AGQ - Volatility Comparison

Direxion Daily META Bull 2X ETF (METU) has a higher volatility of 29.45% compared to ProShares Ultra Silver (AGQ) at 25.72%. This indicates that METU's price experiences larger fluctuations and is considered to be riskier than AGQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METU	AGQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.45%	25.72%	+3.73%
Volatility (6M) Calculated over the trailing 6-month period	62.20%	129.62%	-67.42%
Volatility (1Y) Calculated over the trailing 1-year period	77.46%	125.29%	-47.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.36%	76.07%	-1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.36%	66.33%	+8.03%

METU vs. AGQ - Expense Ratio Comparison

METU has a 1.07% expense ratio, which is higher than AGQ's 0.93% expense ratio.

Dividends

METU vs. AGQ - Dividend Comparison

METU's dividend yield for the trailing twelve months is around 3.38%, while AGQ has not paid dividends to shareholders.

Position	TTM	2025	2024
AGQ ProShares Ultra Silver	0.00%	0.00%	0.00%
METU Direxion Daily META Bull 2X ETF	3.38%	3.00%	1.40%

Frequently Asked Questions

Can I hold both METU and AGQ in my portfolio?

METU and AGQ have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, METU or AGQ?

METU has higher volatility (29.45%) compared to AGQ (25.72%). In terms of maximum drawdown, METU dropped -61.86% vs AGQ's -98.16%.

Which ETF is better, METU or AGQ?

On 1-year performance, AGQ leads with 15.33% vs -34.85% for METU. On fees, AGQ is cheaper at 0.93% per year. On volatility, AGQ has been the lower-risk option at 25.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METU or AGQ?

Over the 1-year period, AGQ has performed better with a 15.33% return vs -34.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METU or AGQ?

AGQ is cheaper with a 0.93% expense ratio, compared with 1.07% for METU.

Which ETF pays a higher dividend yield, METU or AGQ?

METU has the higher dividend yield at 3.38%, compared with 0.00% for AGQ.

What is the main difference between METU and AGQ?

METU is categorized as Leveraged Equities, while AGQ is Silver. They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.07% for METU and 0.93% for AGQ.

Which has better risk-adjusted returns?

AGQ currently has the higher Sharpe Ratio (0.12 vs -0.45), 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.