PTIR vs. AGQ

Last updated Jun 10, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) and AGQ (ProShares Ultra Silver) are both exchange-traded funds - PTIR is a Leveraged Equities fund actively managed by GraniteShares, while AGQ is a Silver fund tracking the Bloomberg Silver Subindex (200%). PTIR is actively managed, while AGQ is passively managed. Over the past year, PTIR returned -30.45% vs 69.32% for AGQ. At a 0.09 correlation, their price movements are largely independent. PTIR charges 1.15%/yr vs 0.93%/yr for AGQ.

Performance

PTIR vs. AGQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PLTR Daily ETF (PTIR) 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, PTIR achieves a -53.83% return, which is significantly lower than AGQ's -45.64% return.

PTIR

• 1D: -6.30%
• 1M: -11.41%
• YTD: -53.83%
• 6M: -56.61%
• 1Y: -30.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AGQ

• 1D: -8.53%
• 1M: -36.83%
• YTD: -45.64%
• 6M: -31.28%
• 1Y: 69.32%
• 3Y*: 39.74%
• 5Y*: 9.46%
• 10Y*: 7.54%

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

PTIR vs. AGQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTIR GraniteShares 2x Long PLTR Daily ETF	-53.83%	221.36%	425.36%
AGQ ProShares Ultra Silver	-45.64%	360.71%	1.51%

Correlation

The correlation between PTIR and AGQ is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	0.09

Return for Risk

PTIR vs. AGQ — Risk / Return Rank

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

PTIR

PTIR Risk / Return Rank: 8
PTIR Sharpe Ratio Rank: 7
PTIR Sortino Ratio Rank: 10
PTIR Omega Ratio Rank: 10
PTIR Calmar Ratio Rank: 6
PTIR Martin Ratio Rank: 6

AGQ

AGQ Risk / Return Rank: 27
AGQ Sharpe Ratio Rank: 20
AGQ Sortino Ratio Rank: 31
AGQ Omega Ratio Rank: 43
AGQ Calmar Ratio Rank: 22
AGQ Martin Ratio Rank: 18

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.

PTIR vs. AGQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) 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.

	PTIR	AGQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	0.57	-0.87
Sortino ratio: Return per unit of downside risk	0.22	1.51	-1.29
Omega ratio: Gain probability vs. loss probability	1.03	1.25	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.45	0.88	-1.33
Martin ratio: Return relative to average drawdown	-0.75	1.69	-2.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTIR vs. AGQ - Sharpe Ratio Comparison

The current PTIR Sharpe Ratio is -0.30, which is lower than the AGQ Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of PTIR 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.

Sharpe Ratios by Period

	PTIR	AGQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.30	0.57	-0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.13	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	0.06	+1.67

Drawdowns

PTIR vs. AGQ - Drawdown Comparison

The maximum PTIR drawdown since its inception was -69.10%, smaller than the maximum AGQ drawdown of -98.16%. Use the drawdown chart below to compare losses from any high point for PTIR and AGQ.

Drawdown Indicators

	PTIR	AGQ	Difference
Max Drawdown Largest peak-to-trough decline	-69.10%	-98.16%	+29.06%
Max Drawdown (1Y) Largest decline over 1 year	-68.18%	-78.94%	+10.76%
Max Drawdown (3Y) Largest decline over 3 years	—	-78.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-78.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-78.94%	—
Current Drawdown Current decline from peak	-68.18%	-88.46%	+20.28%
Average Drawdown Average peak-to-trough decline	-27.75%	-79.85%	+52.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.39%	41.07%	-0.68%

Volatility

PTIR vs. AGQ - Volatility Comparison

GraniteShares 2x Long PLTR Daily ETF (PTIR) and ProShares Ultra Silver (AGQ) have volatilities of 34.63% and 35.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTIR	AGQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.63%	35.33%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	77.29%	134.97%	-57.68%
Volatility (1Y) Calculated over the trailing 1-year period	101.53%	122.14%	-20.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	129.15%	75.13%	+54.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	129.15%	65.88%	+63.27%

PTIR vs. AGQ - Expense Ratio Comparison

PTIR has a 1.15% expense ratio, which is higher than AGQ's 0.93% expense ratio.

Dividends

PTIR vs. AGQ - Dividend Comparison

PTIR's dividend yield for the trailing twelve months is around 12.59%, while AGQ has not paid dividends to shareholders.

Position	TTM	2025
AGQ ProShares Ultra Silver	0.00%	0.00%
PTIR GraniteShares 2x Long PLTR Daily ETF	12.59%	5.81%

Frequently Asked Questions

Can I hold both PTIR and AGQ in my portfolio?

PTIR and AGQ have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTIR or AGQ?

AGQ has higher volatility (35.33%) compared to PTIR (34.63%). In terms of maximum drawdown, PTIR dropped -69.10% vs AGQ's -98.16%.

Which ETF is better, PTIR or AGQ?

On 1-year performance, AGQ leads with 69.32% vs -30.45% for PTIR. On fees, AGQ is cheaper at 0.93% per year. On volatility, PTIR has been the lower-risk option at 34.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTIR or AGQ?

Over the 1-year period, AGQ has performed better with a 69.32% return vs -30.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTIR or AGQ?

AGQ is cheaper with a 0.93% expense ratio, compared with 1.15% for PTIR.

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

PTIR has the higher dividend yield at 12.59%, compared with 0.00% for AGQ.

What is the main difference between PTIR and AGQ?

PTIR is categorized as Leveraged Equities, while AGQ is Silver. They also come from different issuers: GraniteShares and ProShares. Their fees differ too: 1.15% for PTIR and 0.93% for AGQ.

Which has better risk-adjusted returns?

AGQ currently has the higher Sharpe Ratio (0.57 vs -0.30), 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.