PLTZ vs. ZSL
PLTZ (Defiance Daily Target 2X Short PLTR ETF) and ZSL (ProShares UltraShort Silver) are both exchange-traded funds - PLTZ is a Inverse Equities fund actively managed by Defiance, while ZSL is a Silver fund tracking the Bloomberg Silver Subindex (-2x). PLTZ is actively managed, while ZSL is passively managed. Over the past year, PLTZ returned -34.90% vs -87.28% for ZSL. Their 0.15 correlation means their historical movements had little consistent relationship. PLTZ charges 1.29%/yr vs 1.32%/yr for ZSL.
Performance
PLTZ vs. ZSL - Performance Comparison
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Returns By Period
In the year-to-date period, PLTZ achieves a 15.97% return, which is significantly higher than ZSL's -41.63% return.
PLTZ
- 1D
- -4.58%
- 1M
- -0.21%
- 6M
- -16.38%
- YTD
- 15.97%
- 1Y
- -34.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -56.44%
ZSL
- 1D
- -0.38%
- 1M
- 7.11%
- 6M
- 21.76%
- YTD
- -41.63%
- 1Y
- -87.28%
- 3Y*
- -65.53%
- 5Y*
- -49.79%
- 10Y*
- -39.09%
- ALL TIME*
- -41.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.83M | $15.82M | $15.17M | |
| $62.16M | $64.01M | $98.74M |
PLTZ vs. ZSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PLTZ Defiance Daily Target 2X Short PLTR ETF | 15.97% | -67.07% |
ZSL ProShares UltraShort Silver | -41.63% | -79.63% |
Correlation
The correlation between PLTZ and ZSL is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025 | 0.15 |
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Return for Risk
PLTZ vs. ZSL — Risk / Return Rank
PLTZ
ZSL
PLTZ vs. ZSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short PLTR ETF (PLTZ) and ProShares UltraShort Silver (ZSL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PLTZ | ZSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.83 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.93 | +0.24 |
| Martin ratioReturn relative to average drawdown | -1.14 | -1.18 | +0.04 |
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Drawdowns
PLTZ vs. ZSL - Drawdown Comparison
The maximum PLTZ drawdown since its inception was -72.51%, smaller than the maximum ZSL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for PLTZ and ZSL.
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Drawdown Indicators
| PLTZ | ZSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.51% | -100.00% | +27.49% |
Max Drawdown (1Y)Largest decline over 1 year | -50.50% | -93.62% | +43.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -98.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.82% | — |
Current DrawdownCurrent decline from peak | -61.81% | -99.99% | +38.18% |
Average DrawdownAverage peak-to-trough decline | -56.04% | -96.40% | +40.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.94% | 74.51% | -40.57% |
Volatility
PLTZ vs. ZSL - Volatility Comparison
Defiance Daily Target 2X Short PLTR ETF (PLTZ) has a higher volatility of 27.15% compared to ProShares UltraShort Silver (ZSL) at 21.97%. This indicates that PLTZ's price experiences larger fluctuations and is considered to be riskier than ZSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLTZ | ZSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.15% | 21.97% | +5.18% |
Volatility (6M)Calculated over the trailing 6-month period | 80.55% | 87.96% | -7.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.93% | 124.62% | -19.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.37% | 75.77% | +26.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.37% | 66.00% | +36.37% |
PLTZ vs. ZSL - Expense Ratio Comparison
PLTZ has a 1.29% expense ratio, which is lower than ZSL's 1.32% expense ratio.
Dividends
PLTZ vs. ZSL - Dividend Comparison
Neither PLTZ nor ZSL has paid dividends to shareholders.
Frequently Asked Questions
PLTZ and ZSL have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTZ has higher volatility (27.15%) compared to ZSL (21.97%). In terms of maximum drawdown, PLTZ dropped -72.51% vs ZSL's -100.00%.
On 1-year performance, PLTZ leads with -34.90% vs -87.28% for ZSL. On fees, PLTZ is cheaper at 1.29% per year. On volatility, ZSL has been the lower-risk option at 21.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PLTZ has performed better with a -34.90% return vs -87.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PLTZ is cheaper with a 1.29% expense ratio, compared with 1.32% for ZSL.
PLTZ and ZSL have nearly identical dividend yields, around 0.00%.
PLTZ is categorized as Inverse Equities, while ZSL is Silver. They also come from different issuers: Defiance and ProShares. Their fees differ too: 1.29% for PLTZ and 1.32% for ZSL.
PLTZ currently has the higher Sharpe Ratio (-0.33 vs -0.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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