Skip to content
etf.net

AGQ

GradeBNew York Stock Exchange Arca

ProShares - Ultra Silver

Leveraged · Leveraged & Inverse · ProShares · Inception 2008-12-01 · SEC filings

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$77.13−6.59 (−7.87%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 83.72 to 77.13. Range 76.48 to 78.88. Use the arrow keys to read each point.$78.00$79.0010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$1.5B
1Y return
+22.1%
Yield · Last 12 months
—
Holdings
6
Volume · 30D
2.7M sh
NAV per share
$82.15
52W range
low $57.65high $431.47

The ETF.net AGQ Grade

B

55/ 100

Rank 15 of 99 in Leveraged Long (2x & Other)⁠

Confidence Medium

Six-pillar profile for AGQ. Scores out of 100: Cost 65, Risk 27, Mission not scored, Tradability 59, Holdings not scored, Durability 80. Strongest: Durability (80). Weakest: Risk (27). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 65
    Category rank30/99 · top 30%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 27
    Category rank81/94 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 59
    Category rank32/99 · top 32%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 80
    Category rank4/99 · top 4%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on AGQ

ETF.net Research

BSilver with the volume turned up. Since 2008, AGQ has aimed to double silver's daily move using futures and swaps instead of bullion, and ProShares bills it as the only ETF built on 2x the Bloomberg Silver Subindex.

Stated mandate

The fund seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the Bloomberg Silver Subindex. It obtains this exposure through futures and swaps rather than directly holding silver.

Why people hold it

  1. 01ProShares bills it as the only ETF targeting 2x the daily move of the Bloomberg Silver Subindex, a mandate it has run since December 2008.proshares.com
  2. 02Fees run 0.95% a year, below the median for leveraged funds, which is notable for a strategy built on futures and swaps.
  3. 03Actively traded, which matters for a tool designed to be used day by day rather than parked.
  4. 04Sits among the stronger implementations in a crowded leveraged-bull field.

Worth knowing

  1. 01The 2x target resets each day, so multi-day results can drift well away from twice silver's move, and choppy stretches chew value even if silver ends flat.prospectus.proshares.com
  2. 02It is a commodity pool, not a 1940 Act fund, so shareholders get a Schedule K-1 at tax time instead of a 1099.proshares.com
  3. 03Exposure comes from silver futures and swaps, not metal in a vault, and the fund is not built to pay income.

AGQ Holdings

As of Sep 20, 2026, 6:50 AM
Asset class
Other
Holdings
6
Top-10 weight
100%
Largest holding
Net Other Assets (Liabilities)100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Net Other Assets (Liabilities)100.00%1,486,541,291$1.5B162

Showing 1–1 of 1 holdings

AGQ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

AGQ$12,209
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. AGQ $12,209. SPY $11,723. Use the arrow keys to read each point.$4,706$33,543$62,381Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AGQ. Periods over one year show the average yearly return.
PeriodAGQ
Year to date−46.0%
1 month−7.6%
3 months+0.5%
1 year+22.1%
3 years+44.2%per year
5 years+20.0%per year
10 years+4.9%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AGQ
YearReturn barAGQ
2026 YTD−46.0%
2025+360.7%
2024+23.9%
2023−15.1%
2022−7.9%
2021−32.3%
2020+62.0%

AGQ in the news

ETF.net Research hasn’t filed on AGQ yet — coverage lands here as it’s written.

AGQ Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

AGQ Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
66.5%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.77
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−85.1%
Trough Jul 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.85
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AGQ Cost

Expense ratio0.95%
  • The middle half of Leveraged Long (2x & Other) funds
  • Median 0.99%

29 of the 93 Leveraged Long (2x & Other) funds charge less.

AGQ costs $95.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $99.00.