AGQ vs SLV: Differences, Returns & Fees
Over the year AGQ returned −35.5% to SLV's +7.3%, and SLV charges 0.50% to AGQ's 0.95%. Net assets on Oct 14, 2026: $1.1bn for ProShares Ultra Silver and $28.9bn for iShares Silver Trust.
SLV costs 0.45 points a year less; their one-year returns differ by 42.8 points; SLV is far larger, $28.9bn against $1.1bn.
| AGQ | SLV | |
|---|---|---|
| Expense ratio | 0.95% | 0.50% |
| Net assets | $1.1bn | $28.9bn |
| Total return, 1 year | −35.5% | +7.3% |
| What it tracks | Silver | Silver |
| Holdings in common | not published | |
| Below its high | 52.4%, high on Jan 28, 2026 | |
| What its daily multiple gave, 3 months | −11.1% | |
| Against its daily multiple, 3 months | 1.1 points short | |
| What the underlying did, 3 months | SLV −3.8% | |
| The multiple over the whole window | 2 times gives −7.6% | |
| Against the whole-window multiple | 4.6 points short | |
AGQ and SLV do different jobs. What does each one do in a portfolio?
- One-year total return. Over 1 year to Oct 14, 2026 AGQ returned −35.5% and SLV +7.3% with distributions reinvested, a gap of 42.8 points.
- Cost. AGQ charges 0.95% of assets a year and SLV 0.50%, a gap of 0.45 points.
- Size. AGQ has $1.1bn in net assets and SLV $28.9bn (Net assets); SLV is 26.3 times larger.
Data as of Oct 14, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
Take this comparison to a client
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.
On the same fields
AGQ and SLV on the fields both publish, as of Oct 14, 2026. Source: ETFIQ.
About AGQ
Read the multiple against the whole window instead and 2 times SLV's −3.8% implies −7.6%, which makes AGQ look 4.6 points short. AGQ aims to return +2 times SLV's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not +2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. The more it moves, the further the two figures separate.
Three months to Oct 14, 2026: AGQ returned −12.2% where its own daily promise gave −11.1%, 1.1 points short. Of that 4.6, daily compounding is −3.5 points, which any 2 times fund would show over the same path, and the fund itself is −1.1 points against its own daily promise. SLV moved at 39% annualized over that window.
About SLV
SLV holds silver. Over the year to Oct 14, 2026 it returned +7.3% with distributions reinvested, against +7.6% for its benchmark, the price of silver. It sat 52.4% below its high of Jan 28, 2026 on Oct 14, 2026.
Its expense ratio is 0.50% a year, for the three months to Jun 30, 2026, as its 10-Q states.
Questions people ask
- Are AGQ and SLV in the same category?
- AGQ is a leveraged ETF and SLV is a commodity ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, AGQ or SLV?
- In the year to Oct 14, 2026, with distributions reinvested, AGQ returned −35.5% and SLV +7.3%.
- Which is cheaper, AGQ or SLV?
- SLV is cheaper, by 0.45 percentage points a year. That is about $45 on $10,000 held for a year. Fees come from each fund's own filings.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
Cite this pageCitation, APA and Markdown
ETFIQ, AGQ against SLV, data as of Oct 14, 2026. https://etfiq.com/compare/any/agq-vs-slv
ETFIQ. (Oct 14, 2026). AGQ against SLV. Retrieved from https://etfiq.com/compare/any/agq-vs-slv
[AGQ against SLV (ETFIQ, Oct 14, 2026)](https://etfiq.com/compare/any/agq-vs-slv)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.