ZPRI.DE vs. AGQ
ZPRI.DE (SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF) and AGQ (ProShares Ultra Silver) are both exchange-traded funds - ZPRI.DE is a Diversified Portfolio fund tracking the Morningstar Global Multi-Asset Infrastructure, while AGQ is a Silver fund tracking the Bloomberg Silver Subindex (200%). Both are passively managed. Over the past 10 years, ZPRI.DE returned 4.91%/yr vs 11.01%/yr for AGQ. At a 0.04 correlation, their price movements are largely independent. ZPRI.DE charges 0.40%/yr vs 0.93%/yr for AGQ.
Performance
ZPRI.DE vs. AGQ - Performance Comparison
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Different Trading Currencies
ZPRI.DE is traded in EUR, while AGQ is traded in USD. To make them comparable, the AGQ values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPRI.DE achieves a 5.11% return, which is significantly higher than AGQ's -30.00% return. Over the past 10 years, ZPRI.DE has underperformed AGQ with an annualized return of 4.91%, while AGQ has yielded a comparatively higher 11.01% annualized return.
ZPRI.DE
- 1D
- -0.55%
- 1M
- -0.71%
- YTD
- 5.11%
- 6M
- 4.65%
- 1Y
- 8.87%
- 3Y*
- 6.15%
- 5Y*
- 3.55%
- 10Y*
- 4.91%
AGQ
- 1D
- 0.00%
- 1M
- -1.00%
- YTD
- -30.00%
- 6M
- -0.72%
- 1Y
- 140.13%
- 3Y*
- 50.31%
- 5Y*
- 16.36%
- 10Y*
- 11.01%
ZPRI.DE vs. AGQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRI.DE SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF | 5.11% | 1.93% | 8.86% | 3.55% | -7.87% | 14.34% | -1.90% | 20.85% | 1.57% | -1.34% |
AGQ ProShares Ultra Silver | -28.38% | 306.03% | 32.10% | -17.64% | -2.18% | -27.19% | 48.67% | 22.73% | -18.44% | -7.48% |
Correlation
The correlation between ZPRI.DE and AGQ is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2015 | 0.04 |
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Return for Risk
ZPRI.DE vs. AGQ — Risk / Return Rank
ZPRI.DE
AGQ
ZPRI.DE vs. AGQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE) 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.
| ZPRI.DE | AGQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 1.87 | +0.75 |
| Martin ratioReturn relative to average drawdown | 7.25 | 3.54 | +3.71 |
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
| ZPRI.DE | AGQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.18 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.23 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.17 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.09 | +0.26 |
Drawdowns
ZPRI.DE vs. AGQ - Drawdown Comparison
The maximum ZPRI.DE drawdown since its inception was -22.84%, smaller than the maximum AGQ drawdown of -97.50%. Use the drawdown chart below to compare losses from any high point for ZPRI.DE and AGQ.
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Drawdown Indicators
| ZPRI.DE | AGQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.84% | -97.50% | +74.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -75.35% | +71.98% |
Max Drawdown (3Y)Largest decline over 3 years | -11.11% | -75.35% | +64.24% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -75.35% | +60.53% |
Max Drawdown (10Y)Largest decline over 10 years | -22.84% | -75.58% | +52.74% |
Current DrawdownCurrent decline from peak | -1.86% | -81.24% | +79.38% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -78.02% | +73.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 39.73% | -38.51% |
Volatility
ZPRI.DE vs. AGQ - Volatility Comparison
The current volatility for SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE) is 1.70%, while ProShares Ultra Silver (AGQ) has a volatility of 32.75%. This indicates that ZPRI.DE 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
| ZPRI.DE | AGQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 32.75% | -31.05% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 131.92% | -126.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.91% | 119.26% | -112.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.93% | 72.63% | -62.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.37% | 63.73% | -53.36% |
ZPRI.DE vs. AGQ - Expense Ratio Comparison
ZPRI.DE has a 0.40% expense ratio, which is lower than AGQ's 0.93% expense ratio.
Dividends
ZPRI.DE vs. AGQ - Dividend Comparison
ZPRI.DE's dividend yield for the trailing twelve months is around 2.91%, while AGQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZPRI.DE SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF | 2.91% | 2.99% | 2.76% | 2.78% | 2.54% | 1.89% | 2.23% | 2.29% | 2.18% | 2.36% | 2.21% | 1.19% |
Frequently Asked Questions
ZPRI.DE and AGQ have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRI.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRI.DE is cheaper with a 0.40% expense ratio, compared with 0.93% for AGQ.
ZPRI.DE is categorized as Diversified Portfolio, while AGQ is Silver. ZPRI.DE tracks Morningstar Global Multi-Asset Infrastructure, while AGQ tracks Bloomberg Silver Subindex (200%). They also come from different issuers: State Street and ProShares. Their fees differ too: 0.40% for ZPRI.DE and 0.93% for AGQ.
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