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ZSL
-121.80 · -78.28%
$33.80 · NYSE ARCA

ProShares UltraShort Silver (ZSL) ETF Analysis | Trading--Inverse Commodities

ProShares · United States
AUM:$171.8M
#– of – in Trading--Inverse Commodities ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Down 55.5% over the past year, indicating meaningful price weakness.

Cost Efficiency

Ongoing charge of 1.32% — above average for this category.

What is ZSL?

The fund seeks to meet its investment objective by investing under normal market conditions in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts and forward contracts) based on the fund"s benchmark.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Negative 12-Month Return
ZSL returned -55.5% over the past year, reflecting recent market conditions.
Higher Cost Profile
Expense ratio of 1.32% is above average. Verify whether the strategy justifies the cost.
Concentrated Holdings
Top 10 holdings account for 199.9% of the ETF — significant weight in a small number of names.
ETF Information
AUM$171.8M
Expense Ratio1.32%
Dividend Yield0.00%
Holdings5
Inception DateDec 2008
DomicileUnited States
DistributionNA
Index–
ProviderProShares
Beta-3.32
CategoryTrading--Inverse Commodities
CurrencyUSD
Portfolio Impact

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6168
+7 points · better diversified

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+46.0%
1Y
-89.3%
3Y
-96.6%
5Y
-97.8%
OpenBook InsightIf you had invested £10,000 in ZSL 5 years ago, it would have fallen to £218 — a loss of £9,782.

Annual Returns

Calendar year performance

ZSL delivered positive returns in 0 of the last 5 calendar years.
YearZSL
2026 YTD-54.3%
2025-86.7%
2024-43.1%
2023-5.5%
2022-30.4%
CAGR 4yr-52.8%
0/5 positive yearsAvg return: -44.0%Worst year: -86.7% (2025)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
75.8%
Very High
Momentum
-30.3%
30-day change
Support Level
21.33
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Momentum is downward with a 30.3% move over 30 days.
  • Elevated volatility indicates higher short-term price variability and risk.
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