NNRG.NEO vs. AGQ
NNRG.NEO (Ninepoint Energy ETF) and AGQ (ProShares Ultra Silver) are both exchange-traded funds - NNRG.NEO is a Energy Equities fund tracking the S&P/TSX Capped Energy Total Return Index, while AGQ is a Silver fund tracking the Bloomberg Silver Subindex (200%). Both are passively managed. Over the past 5 years, NNRG.NEO returned 34.11%/yr vs 19.15%/yr for AGQ. At a 0.16 correlation, their price movements are largely independent. NNRG.NEO charges 1.79%/yr vs 0.93%/yr for AGQ.
Performance
NNRG.NEO vs. AGQ - Performance Comparison
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Different Trading Currencies
NNRG.NEO is traded in CAD, while AGQ is traded in USD. To make them comparable, the AGQ values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NNRG.NEO achieves a 47.23% return, which is significantly higher than AGQ's -28.21% return.
NNRG.NEO
- 1D
- 1.12%
- 1M
- -0.66%
- YTD
- 47.23%
- 6M
- 39.75%
- 1Y
- 71.20%
- 3Y*
- 26.98%
- 5Y*
- 34.11%
- 10Y*
- —
AGQ
- 1D
- 2.48%
- 1M
- 2.77%
- YTD
- -28.21%
- 6M
- 0.96%
- 1Y
- 154.13%
- 3Y*
- 57.37%
- 5Y*
- 19.15%
- 10Y*
- 12.43%
NNRG.NEO vs. AGQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NNRG.NEO Ninepoint Energy ETF | 47.23% | 19.14% | 13.26% | -4.21% | 66.18% | 55.91% |
AGQ ProShares Ultra Silver | -28.21% | 339.58% | 34.57% | -16.96% | -1.32% | -30.73% |
Correlation
The correlation between NNRG.NEO and AGQ is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 12, 2021 | 0.16 |
The correlation between NNRG.NEO and AGQ shifts across timeframes, from -0.00 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NNRG.NEO vs. AGQ — Risk / Return Rank
NNRG.NEO
AGQ
NNRG.NEO vs. AGQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ninepoint Energy ETF (NNRG.NEO) 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.
| NNRG.NEO | AGQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.33 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 6.60 | 2.05 | +4.55 |
| Martin ratioReturn relative to average drawdown | 13.91 | 3.87 | +10.03 |
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
| NNRG.NEO | AGQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.92 | 1.30 | +1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.26 | +0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.04 | +1.03 |
Drawdowns
NNRG.NEO vs. AGQ - Drawdown Comparison
The maximum NNRG.NEO drawdown since its inception was -35.78%, smaller than the maximum AGQ drawdown of -97.19%. Use the drawdown chart below to compare losses from any high point for NNRG.NEO and AGQ.
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Drawdown Indicators
| NNRG.NEO | AGQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.78% | -97.19% | +61.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -75.68% | +64.84% |
Max Drawdown (3Y)Largest decline over 3 years | -23.52% | -75.68% | +52.16% |
Max Drawdown (5Y)Largest decline over 5 years | -35.78% | -75.68% | +39.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.68% | — |
Current DrawdownCurrent decline from peak | -3.63% | -77.99% | +74.36% |
Average DrawdownAverage peak-to-trough decline | -9.58% | -80.05% | +70.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.14% | 39.95% | -34.81% |
Volatility
NNRG.NEO vs. AGQ - Volatility Comparison
The current volatility for Ninepoint Energy ETF (NNRG.NEO) is 10.30%, while ProShares Ultra Silver (AGQ) has a volatility of 33.37%. This indicates that NNRG.NEO 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
| NNRG.NEO | AGQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.30% | 33.37% | -23.07% |
Volatility (6M)Calculated over the trailing 6-month period | 20.65% | 132.23% | -111.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 119.55% | -95.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.60% | 72.66% | -38.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.55% | 63.70% | -29.15% |
NNRG.NEO vs. AGQ - Expense Ratio Comparison
NNRG.NEO has a 1.79% expense ratio, which is higher than AGQ's 0.93% expense ratio.
Dividends
NNRG.NEO vs. AGQ - Dividend Comparison
NNRG.NEO's dividend yield for the trailing twelve months is around 0.51%, while AGQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AGQ ProShares Ultra Silver | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NNRG.NEO Ninepoint Energy ETF | 0.51% | 0.37% | 0.39% | 0.38% | 9.08% | 1.92% |
Frequently Asked Questions
NNRG.NEO and AGQ have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGQ is cheaper at 0.93% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGQ is cheaper with a 0.93% expense ratio, compared with 1.79% for NNRG.NEO.
NNRG.NEO is categorized as Energy Equities, while AGQ is Silver. NNRG.NEO tracks S&P/TSX Capped Energy Total Return Index, while AGQ tracks Bloomberg Silver Subindex (200%). They also come from different issuers: Ninepoint and ProShares. Their fees differ too: 1.79% for NNRG.NEO and 0.93% for AGQ.
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