TSLL vs. AGQ
TSLL (Direxion Daily TSLA Bull 2X ETF) and AGQ (ProShares Ultra Silver) are both exchange-traded funds - TSLL is a Leveraged Equities fund actively managed by Direxion, while AGQ is a Silver fund tracking the Bloomberg Silver Subindex (200%). TSLL is actively managed, while AGQ is passively managed. Over the past 3 years, TSLL returned -10.06%/yr vs 24.96%/yr for AGQ. At a 0.15 correlation, their price movements are largely independent. TSLL charges 0.83%/yr vs 0.93%/yr for AGQ.
Performance
TSLL vs. AGQ - Performance Comparison
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Returns By Period
In the year-to-date period, TSLL achieves a -43.03% return, which is significantly higher than AGQ's -60.66% return.
TSLL
- 1D
- -5.84%
- 1M
- -17.90%
- 6M
- -39.21%
- YTD
- -43.03%
- 1Y
- -8.68%
- 3Y*
- -10.06%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -16.14%
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%
TSLL vs. AGQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 2X ETF | -43.03% | -26.80% | 99.63% | 139.86% | -74.99% |
AGQ ProShares Ultra Silver | -60.66% | 360.71% | 23.92% | -15.09% | 27.08% |
Correlation
The correlation between TSLL and AGQ is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.15 |
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Return for Risk
TSLL vs. AGQ — Risk / Return Rank
TSLL
AGQ
TSLL vs. AGQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) 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.
| TSLL | AGQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.17 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 0.18 | -0.34 |
| Martin ratioReturn relative to average drawdown | -0.30 | 0.31 | -0.61 |
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Drawdowns
TSLL vs. AGQ - Drawdown Comparison
The maximum TSLL drawdown since its inception was -82.88%, smaller than the maximum AGQ drawdown of -98.16%. Use the drawdown chart below to compare losses from any high point for TSLL and AGQ.
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Drawdown Indicators
| TSLL | AGQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.88% | -98.16% | +15.28% |
Max Drawdown (1Y)Largest decline over 1 year | -54.75% | -85.13% | +30.38% |
Max Drawdown (3Y)Largest decline over 3 years | -82.88% | -85.13% | +2.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -85.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -85.13% | — |
Current DrawdownCurrent decline from peak | -71.23% | -91.65% | +20.42% |
Average DrawdownAverage peak-to-trough decline | -54.15% | -79.91% | +25.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.30% | 48.99% | -19.69% |
Volatility
TSLL vs. AGQ - Volatility Comparison
Direxion Daily TSLA Bull 2X ETF (TSLL) has a higher volatility of 34.06% compared to ProShares Ultra Silver (AGQ) at 25.72%. This indicates that TSLL'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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Volatility by Period
| TSLL | AGQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.06% | 25.72% | +8.34% |
Volatility (6M)Calculated over the trailing 6-month period | 62.66% | 129.62% | -66.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.18% | 125.29% | -36.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.08% | 76.07% | +31.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.08% | 66.33% | +40.75% |
TSLL vs. AGQ - Expense Ratio Comparison
TSLL has a 0.83% expense ratio, which is lower than AGQ's 0.93% expense ratio.
Dividends
TSLL vs. AGQ - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 9.19%, while AGQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AGQ ProShares Ultra Silver | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSLL Direxion Daily TSLA Bull 2X ETF | 9.19% | 5.00% | 2.47% | 4.44% | 1.57% |
Frequently Asked Questions
TSLL and AGQ have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLL has higher volatility (34.06%) compared to AGQ (25.72%). In terms of maximum drawdown, TSLL dropped -82.88% vs AGQ's -98.16%.
On 3-year performance, AGQ leads with 24.96% vs -10.06% for TSLL. On fees, TSLL is cheaper at 0.83% 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.
Over the 3-year period, AGQ has performed better with a 24.96% return vs -10.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLL is cheaper with a 0.83% expense ratio, compared with 0.93% for AGQ.
TSLL has the higher dividend yield at 9.19%, compared with 0.00% for AGQ.
TSLL is categorized as Leveraged Equities, while AGQ is Silver. They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.83% for TSLL and 0.93% for AGQ.
AGQ currently has the higher Sharpe Ratio (0.12 vs -0.10), 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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