# AGQ (ProShares Ultra Silver)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: AGQ returned −15.3% where its own daily promise gave −13.9%, 1.4 points short.

## Key facts

- AGQ, what SLV did: −5.2%, as of Sep 11, 2026.
- AGQ, what +2 times a day gives: −13.9%, as of Sep 11, 2026.
- AGQ, what the fund returned: −15.3%, as of Sep 11, 2026.
- AGQ, the fund itself cost: −1.4 pts, as of Sep 11, 2026.
- AGQ, expense ratio: not read by ETFIQ, as of Sep 11, 2026.
- AGQ, underlying: SLV, as of Sep 11, 2026.

## AGQ over each window to Sep 11, 2026

| Window | Fund | SLV | +2x the move | Difference | SLV moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −5.2% | −1.6% | −3.2% | −2.0 pts | 40% |
| 3 months | −15.3% | −5.2% | −10.3% | −5.0 pts | 42% |
| 6 months | −44.4% | −20.0% | −40.1% | −4.3 pts | 48% |
| 1 year | +24.3% | +53.8% | +107.6% | −83.3 pts | 62% |
| 3 years | +186.2% | +175.1% | not meaningful over this window | not meaningful over this window | 43% |
| Since launch | −36.8% | +237.3% | not meaningful over this window | not meaningful over this window | 32% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SLV, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.96 times, against +2 stated | ETFIQ |
| Underlying | SLV | ETFIQ |
| Segment | asset class, metal | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 42% annualized | ETFIQ |

## Questions

### Did AGQ return +2 times SLV?

Over the window to Sep 11, 2026, SLV moved −5.2% and AGQ returned −15.3%. 2 times that move is −10.3%, so the fund came out 5.0 points short of it.

### Why does AGQ not return +2 times over a year?

Because it resets daily. AGQ aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x SLV ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, AGQ, data as of Sep 11, 2026. https://etfiq.com/funds/AGQ
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/AGQ  ·  JSON: https://etfiq.com/funds/AGQ.json