ZSL vs. PLTZ
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. Over the past year, ZSL returned -87.23% vs -31.77% for PLTZ. Their 0.15 correlation means their historical movements had little consistent relationship. ZSL charges 1.32%/yr vs 1.29%/yr for PLTZ.
Performance
ZSL vs. PLTZ - Performance Comparison
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Returns By Period
In the year-to-date period, ZSL achieves a -41.40% return, which is significantly lower than PLTZ's 21.54% return.
ZSL
- 1D
- 4.44%
- 1M
- 7.53%
- 6M
- 32.58%
- YTD
- -41.40%
- 1Y
- -87.23%
- 3Y*
- -64.77%
- 5Y*
- -49.69%
- 10Y*
- -38.53%
- ALL TIME*
- -41.76%
PLTZ
- 1D
- -1.50%
- 1M
- 4.58%
- 6M
- -13.72%
- YTD
- 21.54%
- 1Y
- -31.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -54.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.99M | $15.04M | $15.41M | |
| $62.12M | $66.02M | $102.33M |
ZSL vs. PLTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZSL ProShares UltraShort Silver | -41.40% | -79.63% |
PLTZ Defiance Daily Target 2X Short PLTR ETF | 21.54% | -67.07% |
Correlation
The correlation between ZSL and PLTZ 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
ZSL vs. PLTZ — Risk / Return Rank
ZSL
PLTZ
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.
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 | PLTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.03 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.53 | -0.40 |
| Martin ratioReturn relative to average drawdown | -1.18 | -0.84 | -0.34 |
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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 -72.51%. Use the drawdown chart below to compare losses from any high point for ZSL and PLTZ.
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Drawdown Indicators
| ZSL | PLTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -72.51% | -27.49% |
Max Drawdown (1Y)Largest decline over 1 year | -93.72% | -53.15% | -40.57% |
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 | -99.99% | -59.97% | -40.02% |
Average DrawdownAverage peak-to-trough decline | -96.40% | -56.02% | -40.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.55% | 33.87% | +40.68% |
Volatility
ZSL vs. PLTZ - Volatility Comparison
The current volatility for ProShares UltraShort Silver (ZSL) is 22.62%, while Defiance Daily Target 2X Short PLTR ETF (PLTZ) has a volatility of 27.39%. This indicates that ZSL experiences smaller price fluctuations and is considered to be less risky than PLTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZSL | PLTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.62% | 27.39% | -4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 96.58% | 80.71% | +15.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 124.38% | 104.74% | +19.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.74% | 102.47% | -26.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.98% | 102.47% | -36.49% |
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.
Frequently Asked Questions
ZSL and PLTZ 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 (27.39%) compared to ZSL (22.62%). In terms of maximum drawdown, ZSL dropped -100.00% vs PLTZ's -72.51%.
On 1-year performance, PLTZ leads with -31.77% vs -87.23% for ZSL. On fees, PLTZ is cheaper at 1.29% per year. On volatility, ZSL has been the lower-risk option at 22.62%. 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 -31.77% return vs -87.23%. 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.
ZSL and PLTZ have nearly identical dividend yields, around 0.00%.
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.
PLTZ currently has the higher Sharpe Ratio (-0.27 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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