SIVR vs. ZSL
Compare and contrast key facts about Aberdeen Standard Physical Silver Shares ETF (SIVR) and ProShares UltraShort Silver (ZSL).
SIVR and ZSL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIVR is a passively managed fund by Aberdeen that tracks the performance of the LBMA Silver Price ($/ozt). It was launched on Jul 24, 2009. ZSL is a passively managed fund by ProShares that tracks the performance of the Bloomberg Silver (-200%). It was launched on Dec 1, 2008. Both SIVR and ZSL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SIVR vs. ZSL - Performance Comparison
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SIVR vs. ZSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIVR Aberdeen Standard Physical Silver Shares ETF | 5.81% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
ZSL ProShares UltraShort Silver | -57.72% | -87.29% | -42.43% | -5.49% | -28.09% | -2.04% | -74.44% | -27.76% | 18.15% | -18.99% |
Returns By Period
In the year-to-date period, SIVR achieves a 5.81% return, which is significantly higher than ZSL's -57.72% return. Over the past 10 years, SIVR has outperformed ZSL with an annualized return of 17.10%, while ZSL has yielded a comparatively lower -44.57% annualized return.
SIVR
- 1D
- -0.06%
- 1M
- -16.47%
- YTD
- 5.81%
- 6M
- 58.90%
- 1Y
- 123.03%
- 3Y*
- 45.76%
- 5Y*
- 24.34%
- 10Y*
- 17.10%
ZSL
- 1D
- 0.31%
- 1M
- 30.60%
- YTD
- -57.72%
- 6M
- -84.89%
- 1Y
- -92.48%
- 3Y*
- -68.79%
- 5Y*
- -53.83%
- 10Y*
- -44.57%
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SIVR vs. ZSL - Expense Ratio Comparison
SIVR has a 0.30% expense ratio, which is lower than ZSL's 1.32% expense ratio.
Return for Risk
SIVR vs. ZSL — Risk / Return Rank
SIVR
ZSL
SIVR vs. ZSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Silver Shares ETF (SIVR) 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.
| SIVR | ZSL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.17 | -0.80 | +2.97 |
Sortino ratioReturn per unit of downside risk | 2.24 | -2.53 | +4.77 |
Omega ratioGain probability vs. loss probability | 1.40 | 0.72 | +0.68 |
Calmar ratioReturn relative to maximum drawdown | 2.83 | -0.96 | +3.79 |
Martin ratioReturn relative to average drawdown | 8.74 | -1.44 | +10.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SIVR | ZSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | -0.80 | +2.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | -0.75 | +1.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | -0.70 | +1.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | -0.68 | +1.00 |
Correlation
The correlation between SIVR and ZSL is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
SIVR vs. ZSL - Dividend Comparison
Neither SIVR nor ZSL has paid dividends to shareholders.
Drawdowns
SIVR vs. ZSL - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, smaller than the maximum ZSL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SIVR and ZSL.
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Drawdown Indicators
| SIVR | ZSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -100.00% | +24.15% |
Max Drawdown (1Y)Largest decline over 1 year | -42.42% | -95.92% | +53.50% |
Max Drawdown (5Y)Largest decline over 5 years | -42.42% | -99.04% | +56.62% |
Max Drawdown (10Y)Largest decline over 10 years | -42.42% | -99.81% | +57.39% |
Current DrawdownCurrent decline from peak | -35.45% | -99.99% | +64.54% |
Average DrawdownAverage peak-to-trough decline | -47.99% | -96.35% | +48.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.75% | 64.00% | -50.25% |
Volatility
SIVR vs. ZSL - Volatility Comparison
The current volatility for Aberdeen Standard Physical Silver Shares ETF (SIVR) is 16.98%, while ProShares UltraShort Silver (ZSL) has a volatility of 33.81%. This indicates that SIVR experiences smaller price fluctuations and is considered to be less risky 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
| SIVR | ZSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.98% | 33.81% | -16.83% |
Volatility (6M)Calculated over the trailing 6-month period | 57.26% | 104.14% | -46.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.02% | 116.32% | -59.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.30% | 72.40% | -37.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.39% | 64.22% | -32.83% |