AGQ vs QQQ
ProShares Ultra Silver vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. AGQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | AGQ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.18% | |
| AUM | $1.4B | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 7 | 108 | |
| YTD Return | -44.31% | +16.64% | |
| 1Y Return | +74.17% | +27.27% | |
| 3Y Return (annualized) | +48.20% | +25.96% | |
| 5Y Return (annualized) | +19.69% | +14.54% | |
| Volatility (annualized) | 65.6% | 30.6% | |
| Max Drawdown | -98.2% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 1, 2008 | Mar 10, 1999 |
AGQ vs QQQ Performance
ProShares Ultra Silver (AGQ) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AGQ returned +74.17% while QQQ returned +27.27%. Year to date, AGQ is down 44.31% versus a gain of 16.64% for QQQ.
Over three years, AGQ compounded at +48.20% per year against +25.96% for QQQ; over five years the annualized figures are +19.69% and +14.54% respectively. Across the full 18-year window we track, QQQ has the edge at +13.03% annualized vs +3.95%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AGQ has been the more volatile fund, with annualized monthly volatility of 65.6% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -98.2% for AGQ and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.23. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AGQ charges 0.95% per year while QQQ charges 0.18%. On a $10,000 position that is $95 vs $18 annually, a gap of $77 per year that compounds over a long holding period. On income, AGQ currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
AGQ and QQQ share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AGQ or QQQ?
AGQ has an expense ratio of 0.95% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, AGQ or QQQ?
Over the past year AGQ returned +74.17% vs +27.27% for QQQ, so AGQ leads on 1-year performance. Over the longest common window we track (18 years), AGQ annualized +3.95% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, AGQ or QQQ?
AGQ has been the more volatile fund at 65.6% annualized versus 30.6% for QQQ. Worst drawdown: AGQ -98.2% vs QQQ -83.0%.
Should I hold both AGQ and QQQ?
AGQ and QQQ have a monthly-return correlation of 0.23, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AGQ and QQQ?
AGQ and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, AGQ or QQQ?
AGQ yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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