Correlation
The correlation between ZSL and SIVR is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
ZSL vs. SIVR
Compare and contrast key facts about ProShares UltraShort Silver (ZSL) and Aberdeen Standard Physical Silver Shares ETF (SIVR).
ZSL and SIVR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZSL is a passively managed fund by ProShares that tracks the performance of the Bloomberg Silver (-200%). It was launched on Dec 1, 2008. SIVR is a passively managed fund by Abrdn Plc that tracks the performance of the LBMA Silver Price ($/ozt). It was launched on Jul 24, 2009. Both ZSL and SIVR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZSL or SIVR.
Performance
ZSL vs. SIVR - Performance Comparison
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Key characteristics
ZSL:
-0.40
SIVR:
0.20
ZSL:
-0.08
SIVR:
0.33
ZSL:
0.99
SIVR:
1.04
ZSL:
-0.20
SIVR:
0.06
ZSL:
-0.66
SIVR:
0.31
ZSL:
29.94%
SIVR:
8.86%
ZSL:
61.55%
SIVR:
29.49%
ZSL:
-97.31%
SIVR:
-75.85%
ZSL:
-97.06%
SIVR:
-34.75%
Returns By Period
In the year-to-date period, ZSL achieves a -25.98% return, which is significantly lower than SIVR's 14.07% return. Over the past 10 years, ZSL has underperformed SIVR with an annualized return of -27.43%, while SIVR has yielded a comparatively higher 6.66% annualized return.
ZSL
-25.98%
-3.81%
-18.61%
-27.70%
-35.21%
-37.27%
-27.43%
SIVR
14.07%
2.08%
7.48%
8.22%
14.96%
12.70%
6.66%
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ZSL vs. SIVR - Expense Ratio Comparison
ZSL has a 1.32% expense ratio, which is higher than SIVR's 0.30% expense ratio.
Risk-Adjusted Performance
ZSL vs. SIVR — Risk-Adjusted Performance Rank
ZSL
SIVR
ZSL vs. SIVR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Silver (ZSL) and Aberdeen Standard Physical Silver Shares ETF (SIVR). 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.
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Dividends
ZSL vs. SIVR - Dividend Comparison
Neither ZSL nor SIVR has paid dividends to shareholders.
Drawdowns
ZSL vs. SIVR - Drawdown Comparison
The maximum ZSL drawdown since its inception was -97.31%, which is greater than SIVR's maximum drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for ZSL and SIVR.
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Volatility
ZSL vs. SIVR - Volatility Comparison
ProShares UltraShort Silver (ZSL) has a higher volatility of 13.43% compared to Aberdeen Standard Physical Silver Shares ETF (SIVR) at 6.60%. This indicates that ZSL's price experiences larger fluctuations and is considered to be riskier than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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