ProShares UltraShort Silver (ZSL) belongs to the Silver category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZSL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ZSL
ZSL charges 1.32% annually. There are 13 ETFs in the Silver category with lower expense ratios, going as low as 0.30%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Physical Silver Shares ETF | 0.30% | 3.90B | Jul 2009 | ZSL vs SIVR | |
| Themes Silver Miners ETF | 0.35% | 10.47M | May 2024 | ZSL vs AGMI | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.39% | 775.29M | Jan 2012 | ZSL vs SLVP | |
| iShares Silver Trust | 0.50% | 28.08B | Apr 2006 | ZSL vs SLV | |
| Sprott Physical Silver Trust | 0.51% | — | Oct 2010 | ZSL vs PSLV |
Best Risk-Adjusted Alternatives to ZSL
ZSL has a PortfoliosLab risk / return rank of 2. There are 11 ETFs in the Silver category with higher risk-adjusted ranks, going as high as 55.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Themes Silver Miners ETF | 55 | 10.47M | May 2024 | ZSL vs AGMI | |
| iShares MSCI Global Silver and Metals Miners ETF | 50 | 775.29M | Jan 2012 | ZSL vs SLVP | |
| Amplify Junior Silver Miners ETF | 47 | 3.28B | Nov 2012 | ZSL vs SILJ | |
| Sprott Active Gold & Silver Miners ETF | 45 | 141.51M | Feb 2025 | ZSL vs GBUG | |
| Global X Silver Miners ETF | 42 | 3.96B | Apr 2010 | ZSL vs SIL |
Top Performing ZSL Alternatives (YTD)
ZSL is at -41.40% YTD. There are 11 ETFs in the Silver category with higher YTD returns, going as high as -4.57%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| UBS ETRACS Silver Shares Covered Call ETN | -4.57% | 391.81M | Apr 2013 | ZSL vs SLVO | |
| Themes Silver Miners ETF | -7.42% | 10.47M | May 2024 | ZSL vs AGMI | |
| Global X Silver Miners ETF | -9.13% | 3.96B | Apr 2010 | ZSL vs SIL | |
| Amplify Junior Silver Miners ETF | -10.26% | 3.28B | Nov 2012 | ZSL vs SILJ | |
| iShares MSCI Global Silver and Metals Miners ETF | -10.94% | 775.29M | Jan 2012 | ZSL vs SLVP |
Lowest Volatility Alternatives to ZSL
ZSL has 124.38% 1-year volatility. There are 12 ETFs in the Silver category with lower 1-year volatility, going as low as 33.51%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| UBS ETRACS Silver Shares Covered Call ETN | 33.51% | 391.81M | Apr 2013 | ZSL vs SLVO | |
| Sprott Active Gold & Silver Miners ETF | 51.46% | 141.51M | Feb 2025 | ZSL vs GBUG | |
| Themes Silver Miners ETF | 52.89% | 10.47M | May 2024 | ZSL vs AGMI | |
| Global X Silver Miners ETF | 53.55% | 3.96B | Apr 2010 | ZSL vs SIL | |
| iShares MSCI Global Silver and Metals Miners ETF | 56.52% | 775.29M | Jan 2012 | ZSL vs SLVP |
Lowest Drawdown Alternatives to ZSL
ZSL has a 1-year max drawdown of -93.72%. There are 11 ETFs in the Silver category with shallower 1-year drawdowns, going as shallow as -22.21%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| UBS ETRACS Silver Shares Covered Call ETN | -22.21% | 391.81M | Apr 2013 | ZSL vs SLVO | |
| Themes Silver Miners ETF | -35.67% | 10.47M | May 2024 | ZSL vs AGMI | |
| Sprott Active Gold & Silver Miners ETF | -37.35% | 141.51M | Feb 2025 | ZSL vs GBUG | |
| iShares MSCI Global Silver and Metals Miners ETF | -38.97% | 775.29M | Jan 2012 | ZSL vs SLVP | |
| Global X Silver Miners ETF | -39.41% | 3.96B | Apr 2010 | ZSL vs SIL |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 45 | 29.42% | 32.83B | Feb 2010 | ZSL vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 48 | 23.13% | 12.76B | Jun 2006 | ZSL vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -28.40% | 1.41B | Oct 2021 | ZSL vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 65 | 26.96% | 5.15B | Jun 2009 | ZSL vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 67 | 19.52% | 7.81B | Jun 2006 | ZSL vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 51 | 11.50% | 11.68B | Oct 2013 | ZSL vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 58 | 55.27% | 2.47B | Jan 2007 | ZSL vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -38.05% | 2.00B | Feb 2010 | ZSL vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 52 | 11.89% | 394.37M | Mar 2024 | ZSL vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -36.18% | 244.68M | Oct 2011 | ZSL vs UVXY |
Often Compared With ZSL
Investors most often compare ZSL with AGQ, UVIX, DUST. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare ZSL with Any Fund or Stock
Compare ZSL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ZSL with funds that move differently
ProShares UltraShort Silver alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZSL.
Explore ZSL Diversifiers