ZSL vs. MOOD
ZSL (ProShares UltraShort Silver) and MOOD (Relative Sentiment Tactical Allocation ETF) are both exchange-traded funds - ZSL is a Silver fund tracking the Bloomberg Silver Subindex (-2x), while MOOD is a Tactical Allocation fund actively managed by Relative Sentiment. ZSL is passively managed, while MOOD is actively managed. Over the past 3 years, ZSL returned -67.63%/yr vs 19.98%/yr for MOOD. At a correlation of -0.54, they often move in opposite directions. ZSL charges 1.32%/yr vs 0.73%/yr for MOOD.
Performance
ZSL vs. MOOD - Performance Comparison
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Returns By Period
In the year-to-date period, ZSL achieves a -46.07% return, which is significantly lower than MOOD's 12.70% return.
ZSL
- 1D
- 11.07%
- 1M
- 43.00%
- YTD
- -46.07%
- 6M
- -49.83%
- 1Y
- -88.73%
- 3Y*
- -67.63%
- 5Y*
- -50.28%
- 10Y*
- -41.09%
MOOD
- 1D
- -1.87%
- 1M
- -0.20%
- YTD
- 12.70%
- 6M
- 11.32%
- 1Y
- 33.13%
- 3Y*
- 19.98%
- 5Y*
- —
- 10Y*
- —
ZSL vs. MOOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZSL ProShares UltraShort Silver | -46.07% | -87.29% | -42.43% | -5.49% | -33.52% |
MOOD Relative Sentiment Tactical Allocation ETF | 12.70% | 30.39% | 12.53% | 12.56% | -3.31% |
Correlation
The correlation between ZSL and MOOD is -0.72, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.58 |
Correlation (All Time) Calculated using the full available price history since May 19, 2022 | -0.54 |
The correlation between ZSL and MOOD shifts across timeframes, from -0.72 (1 year) to -0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZSL vs. MOOD — Risk / Return Rank
ZSL
MOOD
ZSL vs. MOOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Silver (ZSL) and Relative Sentiment Tactical Allocation ETF (MOOD). 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.
| ZSL | MOOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.99 | ||
| Sortino ratioReturn per unit of downside risk | -4.54 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.44 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 3.43 | -4.37 |
| Martin ratioReturn relative to average drawdown | -1.27 | 10.57 | -11.84 |
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Drawdowns
ZSL vs. MOOD - Drawdown Comparison
The maximum ZSL drawdown since its inception was -100.00%, which is greater than MOOD's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for ZSL and MOOD.
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Drawdown Indicators
| ZSL | MOOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -14.34% | -85.66% |
Max Drawdown (1Y)Largest decline over 1 year | -94.11% | -9.71% | -84.40% |
Max Drawdown (3Y)Largest decline over 3 years | -98.40% | -9.71% | -88.69% |
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 | -99.99% | -2.57% | -97.42% |
Average DrawdownAverage peak-to-trough decline | -96.38% | -2.31% | -94.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 69.79% | 3.14% | +66.65% |
Volatility
ZSL vs. MOOD - Volatility Comparison
ProShares UltraShort Silver (ZSL) has a higher volatility of 28.23% compared to Relative Sentiment Tactical Allocation ETF (MOOD) at 4.67%. This indicates that ZSL's price experiences larger fluctuations and is considered to be riskier than MOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZSL | MOOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.23% | 4.67% | +23.56% |
Volatility (6M)Calculated over the trailing 6-month period | 107.93% | 12.97% | +94.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 122.46% | 14.69% | +107.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.00% | 12.18% | +62.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.73% | 12.18% | +53.55% |
ZSL vs. MOOD - Expense Ratio Comparison
ZSL has a 1.32% expense ratio, which is higher than MOOD's 0.73% expense ratio.
Dividends
ZSL vs. MOOD - Dividend Comparison
ZSL has not paid dividends to shareholders, while MOOD's dividend yield for the trailing twelve months is around 0.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MOOD Relative Sentiment Tactical Allocation ETF | 0.36% | 0.40% | 1.33% | 1.34% | 1.43% |
ZSL ProShares UltraShort Silver | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZSL and MOOD have a correlation of -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZSL has higher volatility (28.23%) compared to MOOD (4.67%). In terms of maximum drawdown, ZSL dropped -100.00% vs MOOD's -14.34%.
On 3-year performance, MOOD leads with 19.98% vs -67.63% for ZSL. On fees, MOOD is cheaper at 0.73% per year. On volatility, MOOD has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MOOD has performed better with a 19.98% return vs -67.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MOOD is cheaper with a 0.73% expense ratio, compared with 1.32% for ZSL.
MOOD has the higher dividend yield at 0.36%, compared with 0.00% for ZSL.
ZSL is categorized as Silver, while MOOD is Tactical Allocation. They also come from different issuers: ProShares and Relative Sentiment. Their fees differ too: 1.32% for ZSL and 0.73% for MOOD.
MOOD currently has the higher Sharpe Ratio (2.27 vs -0.73), 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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