ProShares Ultra Silver (AGQ) Performance
AGQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −66.1% since Dec 31, 2025
- 1 year
- −34.6% total return
- 5 years
- +6.3% a year
- 10 years
- +2.8% a year
- Since first price
- +0.8% a year since 2008
AGQ trailing returns vs SPY, QQQ, AGG
| Period | AGQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −31.4% | −31.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −17.0% | −17.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −55.6% | −55.6% | +7.8% | +8.4% | −1.5% |
| YTD | −66.1% | −66.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −34.6% | −34.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +101.3%+26.3%/yr | +101.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +36.0%+6.3%/yr | +36.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +31.5%+2.8%/yr | +31.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −76.7%−9.2%/yr | −76.7% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionDec 4, 2008 | +15.4%+0.8%/yr | +15.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: AGQ vs SPY
From Dec 4, 2008: AGQ grew to $11,535, SPY to $123,444.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
AGQ returns by calendar year
9 of 17 full years positive. Best 2025 (+360.7%), worst 2013 (−64.3%). 2026 is year to date.
AGQ annual returns table
| Year | AGQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −66.1% | −86.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +360.7% | −30.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +23.9% | −34.3% | +24.9% | +25.6% | +1.3% |
| 2023 | −15.1% | −39.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.9% | −60.3% | −18.2% | −32.6% | −13.0% |
| 2021 | −32.3% | −49.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +62.0% | −60.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +20.0% | −31.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −22.1% | −39.7% | −4.6% | −0.1% | +0.1% |
| 2017 | +5.5% | −31.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +18.5% | −44.5% | +12.0% | +7.1% | +2.4% |
| 2015 | −28.8% | −48.4% | +1.2% | +9.4% | +0.5% |
| 2014 | −39.6% | −54.0% | +13.5% | +19.2% | +6.0% |
| 2013 | −64.3% | −69.3% | +32.3% | +36.6% | −2.0% |
| 2012 | +5.9% | −51.3% | +16.0% | +18.1% | +3.8% |
| 2011 | −47.5% | −78.0% | +1.9% | +3.4% | +7.7% |
| 2010 | +182.4% | −37.0% | +15.1% | +19.9% | +6.4% |
| 2009 | +78.3% | −38.6% | +26.4% | +54.7% | +3.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
AGQ largest drawdowns
Now 92.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 28, 2011 | −98.2% | Mar 18, 2020 | not yet | 8.9 years | 15.5 years so far |
| Dec 2, 2009 | −40.9% | Feb 8, 2010 | Sep 14, 2010 | 2 months | 9 months |
| Jun 2, 2009 | −38.6% | Jul 10, 2009 | Sep 10, 2009 | 38 days | 3 months |
| Feb 23, 2009 | −35.6% | Apr 17, 2009 | May 28, 2009 | 53 days | 3 months |
| Dec 31, 2010 | −25.4% | Jan 25, 2011 | Feb 17, 2011 | 25 days | 48 days |
| Dec 17, 2008 | −19.5% | Dec 23, 2008 | Jan 2, 2009 | 6 days | 16 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
AGQ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | +39.6% | +15.9% | +3.4% | +0.3% |
| Volatility (annualized) | 66.6% | 62.5% | 60.6% | 65.3% |
| Sharpe ratio | 0.77 | 0.49 | 0.30 | 0.30 |
| Sortino ratio | 1.32 | 0.81 | 0.52 | 0.51 |
| Best month | +44.5% | +44.5% | +70.2% | +70.2% |
| Worst month | −40.6% | −40.6% | −40.6% | −53.9% |
| Best 12 months | +403.2% | +403.2% | +403.2% | +452.7% |
| Worst 12 months | −12.3% | −44.4% | −51.1% | −72.2% |
| Positive months | 58% | 52% | 48% | 49% |
| Beta vs S&P 500 | 0.87 | 1.02 | 1.14 | — |
| Correlation with S&P 500 | 0.16 | 0.26 | 0.29 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
AGQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 203 | −72.2% | −6.3% | +452.7% | 48% |
| 3-year (a year) | 179 | −56.3% | −6.8% | +101.1% | 37% |
| 5-year (a year) | 155 | −42.9% | −4.7% | +31.7% | 33% |
| 10-year (a year) | 95 | −24.1% | −10.8% | +20.1% | 22% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
AGQ performance overview
ProShares Ultra Silver (AGQ) returned −34.6% over the past year and +2.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned +0.8% a year, turning $10,000 into about $11,535. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −98.2%, from Apr 28, 2011 to Mar 18, 2020; the fund has not yet regained that high. AGQ finished 9 of its 17 full calendar years with a gain; the best year was 2025 (+360.7%) and the worst 2013 (−64.3%). Volatility has been 65.3% a year.
Related: AGQ chart. See the AGQ overview for the latest quote and fund facts.
AGQ performance FAQ
What is the AGQ return over the past year?
AGQ returned −34.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 34.6%.
What is the average annual return of AGQ?
AGQ has returned +6.3% a year over 5 years, +2.8% a year over 10 years, +0.8% a year since December 4, 2008 (total return, distributions reinvested).
How much would $10,000 invested in AGQ be worth?
$10,000 invested in AGQ at its first recorded close on December 4, 2008 would be worth about $11,535 on October 23, 2026 with distributions reinvested.
What was the worst year for AGQ?
The worst calendar year was 2013, with a total return of −64.3%. The best was 2025 at +360.7%.
What is the biggest drawdown of AGQ?
The largest peak-to-trough decline was −98.2% between April 28, 2011 and March 18, 2020. It has not yet recovered to that high; it is 92.8% below its peak.
How volatile is AGQ?
Over the past 3 years AGQ had an annualized volatility of 66.6% and a Sharpe ratio of 0.77 (excess return over 1–3 month T-bills per unit of risk).