ProShares Ultra SilverFind Ratings Reports
- Last Ratings Update:07/31/2016
- Price as of 07/31/2016 :$55.21
- Net Assets:$357.2 Million
- Peer Rank:16 of 122
- Investment Rating:C-
We rate ProShares Ultra Silver at C-. Positive factors that influence this rating include a low price volatility and low expense structure. The fund may be considered for investors seeking a Sector - Energy/Natural Res strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The ProShares Ultra Silver has returned an annual rate of 2.23% since inception. More recently, the fund has generated a total return of -32.36% in the last five years, -7.13% in the last three years, and 73.56% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 2% of them. It has also outpaced 14% of its competitors on a three year basis and 99% of them over the last year for the period ending 7/31/2016. On a year to date basis, AGQ has returned 103.88%.
Downside risk has been above average. AGQ has a draw down risk of -63.22%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 55.9%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 7/31/2016, the fund was trading at a price of $55.21, which is 1.7% below its 52-week high of $56.15 and 11.0% above its 52-week low of $49.73.
High expense ratio hinders performance. On total assets of $357.20 million, AGQ maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 0.95% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As AGQ is an exchange traded fund, it has no front end or back end load.
The ProShares Ultra Silver is managed by Michael Neches at ProShare Advisors LLC. This fund is one of 148 ProShare Advisors LLC exchange-traded funds launched since 6/19/2006 that we track.