ZSL vs. PLTZ

Last updated Jun 4, 2026

ZSL (ProShares UltraShort Silver) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both exchange-traded funds - ZSL is a Silver fund tracking the Bloomberg Silver Subindex (-2x), while PLTZ is a Inverse Equities fund actively managed by Defiance. ZSL is passively managed, while PLTZ is actively managed. At a 0.11 correlation, their price movements are largely independent. ZSL charges 1.32%/yr vs 1.29%/yr for PLTZ.

Performance

ZSL vs. PLTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Silver (ZSL) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZSL achieves a -59.81% return, which is significantly lower than PLTZ's 4.28% return.

ZSL

• 1D: 5.33%
• 1M: -6.86%
• YTD: -59.81%
• 6M: -75.78%
• 1Y: -92.31%
• 3Y*: -69.67%
• 5Y*: -51.93%
• 10Y*: -43.74%

PLTZ

• 1D: 13.03%
• 1M: -4.65%
• YTD: 4.28%
• 6M: -1.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZSL vs. PLTZ - Yearly Performance Comparison

	2026 (YTD)	2025
ZSL ProShares UltraShort Silver	-59.81%	-79.30%
PLTZ Defiance Daily Target 2X Short PLTR ETF	4.28%	-64.39%

Correlation

The correlation between ZSL and PLTZ is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	0.11

Return for Risk

ZSL vs. PLTZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZSL

ZSL Risk / Return Rank: 1
ZSL Sharpe Ratio Rank: 3
ZSL Sortino Ratio Rank: 0
ZSL Omega Ratio Rank: 0
ZSL Calmar Ratio Rank: 1
ZSL Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZSL vs. PLTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Silver (ZSL) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). 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.

	ZSL	PLTZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.77	—	—
Sortino ratio: Return per unit of downside risk	-2.38	—	—
Omega ratio: Gain probability vs. loss probability	0.74	—	—
Calmar ratio: Return relative to maximum drawdown	-0.98	—	—
Martin ratio: Return relative to average drawdown	-1.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ZSL	PLTZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.77	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.70	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.67	-0.62	-0.05

Drawdowns

ZSL vs. PLTZ - Drawdown Comparison

The maximum ZSL drawdown since its inception was -100.00%, which is greater than PLTZ's maximum drawdown of -70.28%. Use the drawdown chart below to compare losses from any high point for ZSL and PLTZ.

Drawdown Indicators

	ZSL	PLTZ	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-70.28%	-29.72%
Max Drawdown (1Y) Largest decline over 1 year	-94.55%	—	—
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 Drawdown Current decline from peak	-100.00%	-62.87%	-37.13%
Average Drawdown Average peak-to-trough decline	-96.39%	-52.02%	-44.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	68.23%	—	—

Volatility

Volatility by Period

	ZSL	PLTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	105.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	119.48%	101.99%	+17.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.07%	101.99%	-27.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.20%	101.99%	-36.79%

ZSL vs. PLTZ - Expense Ratio Comparison

ZSL has a 1.32% expense ratio, which is higher than PLTZ's 1.29% expense ratio.

Dividends

ZSL vs. PLTZ - Dividend Comparison

Neither ZSL nor PLTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ZSL and PLTZ in my portfolio?

ZSL and PLTZ have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZSL or PLTZ?

On fees, PLTZ is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZSL or PLTZ?

PLTZ is cheaper with a 1.29% expense ratio, compared with 1.32% for ZSL.

Which ETF pays a higher dividend yield, ZSL or PLTZ?

ZSL and PLTZ have nearly identical dividend yields, around 0.00%.

What is the main difference between ZSL and PLTZ?

ZSL is categorized as Silver, while PLTZ is Inverse Equities. They also come from different issuers: ProShares and Defiance. Their fees differ too: 1.32% for ZSL and 1.29% for PLTZ.