{"url":"https://etfiq.com/compare/leverage/agq-vs-zsl","section":"compare","title":"AGQ vs ZSL: which held to its multiple? | ETFIQ","description":"AGQ sets out to return +2 times SLV each day and ZSL -2 times. Over the three months to Sep 30, 2026 they finished \u22125.6 pts and \u22126.2 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, AGQ or ZSL?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, AGQ finished 5.6 points from what its multiple implies and ZSL finished 6.2 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 ZSL levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on silver, AGQ at +2 times and ZSL at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, AGQ or ZSL?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window AGQ\u2019s moved at 39% annualized and ZSL\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 ZSL 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 ZSL?","acceptedAnswer":{"@type":"Answer","text":"AGQ charges 0.95% a year and ZSL charges 0.95%, 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 ZSL","item":"https://etfiq.com/compare/leverage/agq-vs-zsl"}]},{"@type":"WebPage","name":"AGQ vs ZSL: which held to its multiple?","description":"AGQ sets out to return +2 times SLV each day and ZSL -2 times. Over the three months to Sep 30, 2026 they finished \u22125.6 pts and \u22126.2 pts away.","url":"https://etfiq.com/compare/leverage/agq-vs-zsl","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, AGQ finished 1.7 points short and ZSL 4.1 points over.","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 ZSL","description":"AGQ sets out to return +2 times SLV each day and ZSL -2 times. Over the three months to Sep 30, 2026 they finished \u22125.6 pts and \u22126.2 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/agq-vs-zsl","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":6865,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / AGQ vs ZSL \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n AGQ vs ZSL: which held to its multiple?\n\n Over three months against its own daily promise, AGQ finished 1.7 points short and ZSL 4.1 points over.\n Copy this for sharing \n \n ProShares Ultra Silver and ProShares UltraShort Silver.\n\n Download as PDF \n\n \u22122.1% AGQ returned, 3 months \n \u22129.6% ZSL returned, 3 months \n \u22125.6 pts AGQ from its stated multiple \n \u22126.2 pts ZSL from its stated multiple \n\n ETFIQ Decay Resistance Score: ZSL scores higher\n Did it keep up with its own daily m","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-zsl","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":"ZSL","name":"ProShares UltraShort Silver","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: ZSL returned \u22129.6% where its own daily promise gave \u221213.8%, 4.1 points over.","url":"https://etfiq.com/funds/zsl","key_facts":[{"label":"What SLV did","value":"+1.7%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221213.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22129.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+4.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$91m","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"}]},"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-zsl"}