Performance & Risk: AGQ

PROSHARES ULTRA SILVER

40.13up3.00 (8.08%)

 as of 4:00:00pm ET 04/27/2015

Premium / Discount to NAV as of 03/31/2015

Premium Chart
Date Average
03/2015 0.39%
02/2015 -0.56%
01/2015 1.38%
12/2014 -0.25%
11/2014 0.53%
10/2014 -0.14%
09/2014 -0.37%
08/2014 -0.54%
07/2014 -0.15%
06/2014 1.23%
05/2014 -0.12%
04/2014 0.23%
1 Year Average0.17%

Growth of Hypothetical $10,000 * as of 03/31/2015

Growth Chart
Date Value
03/31/2015 $7,250.12
12/31/2014 $6,880.56
12/31/2013 $11,068.99
12/31/2012 $30,042.33
12/31/2011 $30,199.18
12/31/2010 $54,604.58
12/31/2009 $19,955.78
12/31/2008 $10,000.00

Cumulative Total Returns As of 04/24/2015

NAV Return Market Return S&P 500 Index
YTD -4.63% -2.42% +3.47%
5 Day -6.47% -6.33% +1.77%
4 Week -13.52% -14.86% +1.38%
13 Week -26.18% -27.45% +3.74%
6 Month -19.47% -20.25% +8.89%
52 Week -36.58% -41.09% +15.04%

Month-End Average Annual Total Returns And Risks As of 03/31/2015

Returns Volatility (vs. Market Benchmark)
Average NAV Return Market Return Benchmark Index
(LBMA Silver Price USD)
Market Benchmark
(Morningstar Metals Commodity TR)
Alpha R2 Beta Standard
Deviation
Sharpe
Ratio
1 Year -36.41% -34.98% -- -10.27% -30.50 0.63 0.19 37.90 -1.00
3 Year -42.62% -42.37% -- -12.97% -19.58 20.36 1.66 55.92 -0.70
5 Year -18.60% -18.44% -- -0.48% 12.93 35.43 2.70 76.94 0.12
10 Year -- -- -- +11.04% -- -- -- -- --
Life -2.91% -1.47% -- +1.94% -- -- -- -- --
Life as of inception date: 12/01/2008

Quarter-End Average Annual Total Returns As of 03/31/2015

Return Before Taxes Return After Taxes On Distribution Return After Taxes On Distribution
& Sale of Fund Shares
Average NAV Return Market Return NAV Return Market Return NAV Return Market Return
1 Year -36.41% -34.98% -36.41% -34.98% -20.61% -19.80%
3 Year -42.62% -42.37% -42.62% -42.37% -27.45% -27.33%
5 Year -18.60% -18.44% -18.60% -18.44% -12.59% -12.50%
10 Year -- -- -- -- -- --
Life -2.91% -1.47% -2.91% -1.47% -2.17% -1.11%
Life as of inception date: 12/01/2008
Gross Expense Ratio: 1.69%

Tax-adjusted returns and tax cost ratio are estimates of the impact taxes have had on a fund. Assumes the highest tax rate in calculating and follow the SEC guidelines for calculating returns before sale of shares. Click here to learn more.

Risk

Leveraged and Inverse ETPs entail unique risks and are intended for sophisticated investors. They are not designed for investors who seek to track an index over a long period of time. An inverse ETP attempts to mimic the opposite of the performance of its stated benchmark. A leveraged ETP seeks to generate a return that is a multiple of its benchmark index's performance. Both seek results over a pre-set time period indicated in the prospectus or offering circular. That time period is often one day. As a result, their returns can differ significantly, both positively and negatively, from that of their benchmark index, especially over investment periods lasting longer than one day. Investors should, therefore, monitor their holdings consistent with their strategies, as frequently as daily.

Commodity ETPs generally involve greater risk than broad-based ETFs due to the volatile nature of commodities prices and indexes and can be significantly impacted by changes in supply and demand relationships, interest rates, monetary and other governmental policies or factors affecting a particular sector or commodity. ETPs that track a single sector or commodity may exhibit even greater volatility. Commodity ETPs which use futures, options, or other derivative instruments may involve still greater risk, and performance can deviate significantly from the spot price performance of the referenced commodity, particularly over longer holding periods. The direct purchase of precious metals and other collectibles in an IRA or other retirement plan account can result in a taxable distribution from that account (except as specifically provided under IRS rules). If precious metals or other collectibles are held in an ETF or other underlying investment vehicle, you should first confirm that such an investment is appropriate for a retirement account by reviewing the prospectus or other issuing documentation and/or checking with your tax advisor. Some ETF sponsors include a statement in the prospectus that an IRS ruling was obtained providing that the purchase of the ETF in an IRA or retirement plan account will not constitute the acquisition of a collectible and as a result will not be treated as a taxable distribution.

Entities that are pass-throughs for tax purposes have special tax considerations. Pass-through entities may generate unrelated business taxable income (UBTI) that may have undesirable tax consequences for retirement accounts and other tax exempt investors. If you hold units of an investment vehicle taxed as a partnership, you are treated as a partner for tax purposes and will be issues a Schedule K-1 (Form 1065) rather than a Form 1099 form for use in filling out your tax return. A K-1 lists the partner's share of income, deductions, credits, and other tax items. Speak with your tax advisor to determine how this may affect you.

Exchange traded products (ETPs) are subject to market volatility and the risks of their underlying securities which may include the risks associated with investing in smaller companies, foreign securities, commodities and fixed income investments. Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of which are magnified in emerging markets. ETPs that target a small universe of securities, such as a specific region or market sector are generally subject to greater market volatility as well as the specific risks associated with that sector, region or other focus. ETPs which use derivatives, leverage, or complex investment strategies are subject to additional risks. The return of an index ETP is usually different from that of the index it tracks because of fees, expenses and tracking error. An ETP may trade at a premium or discount to its Net Asset Value (NAV) (or Indicative Value in the case of ETNs). Each ETP has a unique risk profile which is detailed in its prospectus, offering circular or similar material, which should be considered carefully when making investment decisions.

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.

Quarter-End returns include all applicable recurring and non-recurring fees (including short-term trading or redemption fees) and charges, if any.
Free commission offer applies to online purchases of Fidelity ETFs and select iShares ETFs in a Fidelity brokerage account. Fidelity accounts may require minimum balances. The sale of ETFs is subject to an activity assessment fee (of between $0.01 to $0.03 per $1,000 of principal). iShares ETFs and Fidelity ETFs are subject to a short-term trading fee by Fidelity if held less than 30 days. *The chart illustrates the NAV performance of a hypothetical $10,000 investment made in the fund on 12/31/1999 or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

Average annual total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated. Since ETFs are bought and sold at prices set by the market - which can result in a premium or discount to NAV- the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).

For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive, long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Additional information about the sources, amounts, and terms of compensation is described in the ETFs prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate exchange traded products (ETPs), including, but limited to exchange traded funds (ETFs) and exchange traded notes (ETNs). Criteria and inputs entered, including the choice to make ETP comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating ETPs. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

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