{"url":"https://etfiq.com/compare/leverage/agq-vs-uslv","section":"compare","title":"AGQ vs USLV: which held to its multiple? | ETFIQ","description":"AGQ sets out to return +2 times SLV each day and USLV +2 times. Over the three months to Sep 30, 2026 they finished \u22125.6 pts and \u22127.0 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, AGQ or USLV?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, AGQ finished 5.6 points from what its multiple implies and USLV finished 7.0 points from its own, so AGQ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are AGQ and USLV levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on silver, AGQ at +2 times and USLV at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, AGQ or USLV?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window AGQ\u2019s moved at 39% annualized and USLV\u2019s at 39%, so AGQ has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold AGQ or USLV for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, AGQ or USLV?","acceptedAnswer":{"@type":"Answer","text":"AGQ charges 0.95% a year and USLV charges 1.10%, so AGQ is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"AGQ vs USLV","item":"https://etfiq.com/compare/leverage/agq-vs-uslv"}]},{"@type":"WebPage","name":"AGQ vs USLV: which held to its multiple?","description":"AGQ sets out to return +2 times SLV each day and USLV +2 times. Over the three months to Sep 30, 2026 they finished \u22125.6 pts and \u22127.0 pts away.","url":"https://etfiq.com/compare/leverage/agq-vs-uslv","dateModified":"2026-09-30","abstract":"Over the days both have traded, AGQ finished 5.6 points from its stated multiple and USLV 7.0.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AGQ and USLV","description":"AGQ sets out to return +2 times SLV each day and USLV +2 times. Over the three months to Sep 30, 2026 they finished \u22125.6 pts and \u22127.0 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/agq-vs-uslv","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6406,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / AGQ vs USLV \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n AGQ vs USLV: which held to its multiple?\n\n Over the days both have traded, AGQ finished 5.6 points from its stated multiple and USLV 7.0.\n Copy this for sharing \n \n ProShares Ultra Silver and Direxion Daily Silver Bull 2X ETF.\n\n Download as PDF \n\n \u22122.1% AGQ returned, 3 months \n \u22123.5% USLV returned, 3 months \n \u22125.6 pts AGQ from its stated multiple \n \u22127.0 pts USLV from its stated multiple \n\n ETFIQ Decay Resistance Score: AGQ scores higher\n Did it keep up with its own daily ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/agq-vs-uslv","a":{"ticker":"AGQ","name":"ProShares Ultra Silver","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: AGQ returned \u22122.1% where its own daily promise gave \u22120.4%, 1.7 points short.","url":"https://etfiq.com/funds/agq","key_facts":[{"label":"What SLV did","value":"+1.7%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u22120.4%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22122.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1.3bn","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"issuer page"}]},"b":{"ticker":"USLV","name":"Direxion Daily Silver Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: USLV returned \u22123.5% where its own daily promise gave \u22120.4%, 3.0 points short.","url":"https://etfiq.com/funds/uslv","key_facts":[{"label":"What SLV did","value":"+1.7%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u22120.4%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22123.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$14m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.10%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 29, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/agq-vs-uslv"}