Correlation
The correlation between PAAS and AGQ is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
PAAS vs. AGQ
Compare and contrast key facts about Pan American Silver Corp. (PAAS) and ProShares Ultra Silver (AGQ).
AGQ is a passively managed fund by ProShares that tracks the performance of the Bloomberg Silver (-200%). It was launched on Dec 1, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAAS or AGQ.
Performance
PAAS vs. AGQ - Performance Comparison
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Key characteristics
PAAS:
0.42
AGQ:
0.13
PAAS:
0.89
AGQ:
0.38
PAAS:
1.11
AGQ:
1.05
PAAS:
0.42
AGQ:
-0.03
PAAS:
1.70
AGQ:
-0.14
PAAS:
11.93%
AGQ:
18.31%
PAAS:
51.13%
AGQ:
63.00%
PAAS:
-85.10%
AGQ:
-98.16%
PAAS:
-26.51%
AGQ:
-93.89%
Returns By Period
In the year-to-date period, PAAS achieves a 30.48% return, which is significantly lower than AGQ's 32.67% return. Over the past 10 years, PAAS has outperformed AGQ with an annualized return of 12.59%, while AGQ has yielded a comparatively lower 1.50% annualized return.
PAAS
30.48%
11.61%
23.64%
21.08%
5.97%
0.82%
12.59%
AGQ
32.67%
17.09%
18.05%
8.19%
15.20%
9.64%
1.50%
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Risk-Adjusted Performance
PAAS vs. AGQ — Risk-Adjusted Performance Rank
PAAS
AGQ
PAAS vs. AGQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pan American Silver Corp. (PAAS) 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.
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Dividends
PAAS vs. AGQ - Dividend Comparison
PAAS's dividend yield for the trailing twelve months is around 1.53%, while AGQ has not paid dividends to shareholders.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
PAAS Pan American Silver Corp. | 1.53% | 1.98% | 2.45% | 2.75% | 1.36% | 0.64% | 0.59% | 0.96% | 0.64% | 0.34% | 4.23% | 5.43% |
AGQ ProShares Ultra Silver | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PAAS vs. AGQ - Drawdown Comparison
The maximum PAAS drawdown since its inception was -85.10%, smaller than the maximum AGQ drawdown of -98.16%. Use the drawdown chart below to compare losses from any high point for PAAS and AGQ.
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Volatility
PAAS vs. AGQ - Volatility Comparison
Pan American Silver Corp. (PAAS) has a higher volatility of 22.13% compared to ProShares Ultra Silver (AGQ) at 17.08%. This indicates that PAAS'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.
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