Correlation
The correlation between ULE and AGQ is 0.22, 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.
ULE vs. AGQ
Compare and contrast key facts about ProShares Ultra Euro (ULE) and ProShares Ultra Silver (AGQ).
ULE and AGQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULE is a passively managed fund by ProShares that tracks the performance of the USD/EUR Exchange Rate (-200%). It was launched on Nov 25, 2008. AGQ is a passively managed fund by ProShares that tracks the performance of the Bloomberg Silver (-200%). It was launched on Dec 1, 2008. Both ULE and AGQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULE or AGQ.
Performance
ULE vs. AGQ - Performance Comparison
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Key characteristics
ULE:
0.51
AGQ:
-0.12
ULE:
0.84
AGQ:
0.13
ULE:
1.09
AGQ:
1.02
ULE:
0.12
AGQ:
-0.13
ULE:
1.04
AGQ:
-0.65
ULE:
8.03%
AGQ:
19.61%
ULE:
18.22%
AGQ:
62.34%
ULE:
-72.74%
AGQ:
-98.16%
ULE:
-62.98%
AGQ:
-94.49%
Returns By Period
The year-to-date returns for both investments are quite close, with ULE having a 19.46% return and AGQ slightly higher at 19.48%. Over the past 10 years, ULE has underperformed AGQ with an annualized return of -2.82%, while AGQ has yielded a comparatively higher -0.41% annualized return.
ULE
19.46%
0.97%
14.50%
8.62%
2.20%
-1.16%
-2.82%
AGQ
19.48%
3.00%
5.34%
-2.57%
12.69%
6.13%
-0.41%
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ULE vs. AGQ - Expense Ratio Comparison
ULE has a 0.95% expense ratio, which is higher than AGQ's 0.93% expense ratio.
Risk-Adjusted Performance
ULE vs. AGQ — Risk-Adjusted Performance Rank
ULE
AGQ
ULE vs. AGQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Euro (ULE) 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
ULE vs. AGQ - Dividend Comparison
Neither ULE nor AGQ has paid dividends to shareholders.
Drawdowns
ULE vs. AGQ - Drawdown Comparison
The maximum ULE drawdown since its inception was -72.74%, smaller than the maximum AGQ drawdown of -98.16%. Use the drawdown chart below to compare losses from any high point for ULE and AGQ.
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Volatility
ULE vs. AGQ - Volatility Comparison
The current volatility for ProShares Ultra Euro (ULE) is 5.93%, while ProShares Ultra Silver (AGQ) has a volatility of 13.66%. This indicates that ULE 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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