ProShares UltraShort Silver (ZSL)
ZSL is a passive ETF by ProShares tracking the investment results of the Bloomberg Silver (-200%). ZSL launched on Dec 1, 2008 and has a 1.32% expense ratio.
ETF Info
US74347Y8479
Dec 1, 2008
Global (Broad)
1x
Bloomberg Silver (-200%)
Expense Ratio
ZSL has a high expense ratio of 1.32%, indicating above-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
ProShares UltraShort Silver (ZSL) returned -27.60% year-to-date (YTD) and -21.91% over the past 12 months. Over the past 10 years, ZSL returned -27.64% annually, underperforming the S&P 500 benchmark at 10.85%.
ZSL
-27.60%
-2.84%
-22.86%
-21.91%
-34.51%
-37.55%
-27.64%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of ZSL, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -18.55% | 4.56% | -18.00% | 9.07% | -4.94% | -27.60% | |||||||
| 2024 | 8.50% | 1.54% | -16.84% | -11.79% | -27.07% | 5.40% | -0.18% | -0.35% | -15.44% | -11.12% | 12.75% | 9.95% | -42.43% |
| 2023 | 1.76% | 28.97% | -26.73% | -7.97% | 13.17% | 6.47% | -15.94% | 2.25% | 21.82% | -7.01% | -18.48% | 11.66% | -5.49% |
| 2022 | 4.40% | -16.45% | -6.97% | 18.56% | 10.69% | 12.63% | -3.60% | 28.07% | -14.07% | -5.42% | -28.48% | -16.45% | -28.09% |
| 2021 | -7.45% | -4.42% | 15.68% | -11.55% | -16.21% | 12.03% | 4.21% | 11.95% | 14.03% | -15.43% | 8.78% | -5.79% | -2.04% |
| 2020 | -2.35% | 15.71% | 21.07% | -15.59% | -35.34% | -1.20% | -46.38% | -33.87% | 39.94% | -6.01% | 5.42% | -29.53% | -74.44% |
| 2019 | -6.57% | 6.11% | 6.69% | 2.48% | 5.29% | -9.82% | -11.56% | -22.00% | 12.38% | -11.35% | 12.46% | -9.18% | -27.76% |
| 2018 | -4.52% | 11.64% | 0.21% | 0.09% | -0.83% | 3.32% | 7.69% | 14.25% | -1.75% | 4.98% | 1.21% | -16.03% | 18.15% |
| 2017 | -18.40% | -8.79% | 0.17% | 11.14% | -1.77% | 8.05% | -4.14% | -9.71% | 11.09% | -1.28% | 3.28% | -6.04% | -18.99% |
| 2016 | -7.53% | -10.10% | -7.90% | -26.57% | 22.90% | -29.04% | -17.44% | 17.57% | -7.52% | 13.27% | 14.54% | 5.15% | -39.95% |
| 2015 | -19.85% | 7.19% | -1.68% | 4.65% | -8.19% | 12.01% | 13.22% | -1.54% | 0.96% | -14.55% | 20.34% | 2.77% | 8.13% |
| 2014 | 2.03% | -18.89% | 12.86% | 5.16% | 3.22% | -21.21% | 6.65% | 9.04% | 28.42% | 9.60% | 6.05% | -4.54% | 32.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ZSL is 5, meaning it’s performing worse than 95% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares UltraShort Silver (ZSL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares UltraShort Silver. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares UltraShort Silver was 97.31%, occurring on Mar 27, 2025. The portfolio has not yet recovered.
The current ProShares UltraShort Silver drawdown is 97.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -97.31% | Dec 15, 2015 | 2334 | Mar 27, 2025 | — | — | — |
| -86.92% | Dec 8, 2008 | 339 | Apr 14, 2010 | 1 | Apr 15, 2010 | 340 |
| -80.04% | May 6, 2010 | 203 | Feb 23, 2011 | 307 | May 11, 2012 | 510 |
| -46.79% | Jun 29, 2012 | 68 | Oct 4, 2012 | 129 | Apr 15, 2013 | 197 |
| -45.46% | Jun 28, 2013 | 42 | Aug 27, 2013 | 298 | Oct 31, 2014 | 340 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...