Correlation
The correlation between ZSL and UVIX is -0.25. 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.
ZSL vs. UVIX
Compare and contrast key facts about ProShares UltraShort Silver (ZSL) and Volatility Shares 2x Long VIX Futures ETF (UVIX).
ZSL and UVIX 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. UVIX is a passively managed fund by Volatility Shares that tracks the performance of the Long VIX Futures Index – Benchmark TR Gross (200%). It was launched on Mar 28, 2022. Both ZSL and UVIX 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 UVIX.
Performance
ZSL vs. UVIX - Performance Comparison
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Key characteristics
ZSL:
-0.40
UVIX:
-0.29
ZSL:
-0.08
UVIX:
0.87
ZSL:
0.99
UVIX:
1.11
ZSL:
-0.20
UVIX:
-0.54
ZSL:
-0.66
UVIX:
-0.76
ZSL:
29.94%
UVIX:
71.19%
ZSL:
61.55%
UVIX:
193.81%
ZSL:
-97.31%
UVIX:
-99.80%
ZSL:
-97.06%
UVIX:
-99.78%
Returns By Period
In the year-to-date period, ZSL achieves a -25.98% return, which is significantly lower than UVIX's -13.88% return.
ZSL
-25.98%
-3.81%
-18.61%
-27.70%
-35.21%
-37.27%
-27.43%
UVIX
-13.88%
-32.53%
-9.35%
-54.03%
-84.71%
N/A
N/A
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ZSL vs. UVIX - Expense Ratio Comparison
ZSL has a 1.32% expense ratio, which is lower than UVIX's 2.78% expense ratio.
Risk-Adjusted Performance
ZSL vs. UVIX — Risk-Adjusted Performance Rank
ZSL
UVIX
ZSL vs. UVIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Silver (ZSL) and Volatility Shares 2x Long VIX Futures ETF (UVIX). 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. UVIX - Dividend Comparison
Neither ZSL nor UVIX has paid dividends to shareholders.
Drawdowns
ZSL vs. UVIX - Drawdown Comparison
The maximum ZSL drawdown since its inception was -97.31%, roughly equal to the maximum UVIX drawdown of -99.80%. Use the drawdown chart below to compare losses from any high point for ZSL and UVIX.
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Volatility
ZSL vs. UVIX - Volatility Comparison
The current volatility for ProShares UltraShort Silver (ZSL) is 13.43%, while Volatility Shares 2x Long VIX Futures ETF (UVIX) has a volatility of 44.90%. This indicates that ZSL experiences smaller price fluctuations and is considered to be less risky than UVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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