JPXN vs ZSL

Comparison between ISHARES JPX-NIKKEI 400 ETF (JPXN, ETF) and ProShares UltraShort Silver -2x Shares (ZSL, ETF).

5-Year PerformanceJPXN has outperformed ZSL, delivering a return of +8.0% compared to -50.6%

JPXN vs ZSL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JPXN(ETF)	ZSL(ETF)
Net Assets	$145M	$145M
Expense Ratio	0.48%	N/A
Max Drawdown	56.49%	100.00%
Sharpe Ratio	1.14	-1.48
5Y Beta	0.81	0.00
5Y Dividends CAGR	17.12%	N/A

Net Assets

JPXN

$145M

Winner

ZSL

$145M

Expense Ratio

JPXN

0.48%

ZSL

N/A

Max Drawdown

Winner

JPXN

56.49%

ZSL

100.00%

Sharpe Ratio

Winner

JPXN

1.14

ZSL

-1.48

5Y Beta

JPXN

0.81

Winner

ZSL

0.00

5Y Dividends CAGR

JPXN

17.12%

ZSL

N/A

JPXN vs ZSL - Historical Returns

Returns include dividend reinvestment.

Period	JPXN	ZSL
1 month	+0.90%	+6.68%
3 months	+4.27%	+19.08%
6 months	+12.32%	-72.18%
1 year	+27.77%	-90.62%
5 years(CAGR)	+8.02%	-50.59%
10 years(CAGR)	+8.70%	-42.93%
Max(CAGR)	+5.29%	-42.72%

JPXN

+0.90%

Winner

ZSL

+6.68%

JPXN

+4.27%

Winner

ZSL

+19.08%

Winner

JPXN

+12.32%

ZSL

-72.18%

Winner

JPXN

+27.77%

ZSL

-90.62%

5Y(CAGR)

Winner

JPXN

+8.02%

ZSL

-50.59%

10Y(CAGR)

Winner

JPXN

+8.70%

ZSL

-42.93%

Max(CAGR)

Winner

JPXN

+5.29%

ZSL

-42.72%

JPXN vs ZSL - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

Year	JPXN	ZSL
2026	+11.29%	-51.69%
2025	+26.24%	-86.72%
2024	+7.51%	-43.09%
2023	+19.38%	-5.49%
2022	-16.26%	-30.40%
2021	+1.29%	+4.68%
2020	+13.93%	-74.00%
2019	+18.54%	-27.59%
2018	-15.31%	+21.59%
2017	+24.39%	-15.16%
2016	+4.90%	-39.52%
2015	+10.41%	+9.60%
2014	-5.18%	+39.77%
2013	+21.40%	+87.70%
2012	+9.44%	-27.38%
2011	-17.23%	-60.21%
2010	+11.09%	-77.73%
2009	+2.75%	-71.91%
2008	-27.57%	-33.81%
2007	-6.43%	N/A
2006	+5.08%	N/A
2005	+24.52%	N/A
2004	+11.06%	N/A
2003	+35.19%	N/A
2002	-9.93%	N/A
2001	-10.01%	N/A

JPXN vs ZSL Drawdown Comparison

The maximum drawdown for JPXN was -55.53%, occurring on Mar 9, 2009. Recovery took 2783 trading sessions.

The maximum drawdown for ZSL was -100.00%, occurring on May 13, 2026. This drawdown has not yet recovered.

The current JPXN drawdown is -4.04%. The current ZSL drawdown is -99.99%.

Rank	JPXN	ZSL
#1	-55.53% May 9, 2006 - May 30, 2017	-100.00% Dec 5, 2008 - May 13, 2026
#2	-33.49% May 24, 2002 - Oct 3, 2003	N/A
#3	-33.20% Sep 15, 2021 - Mar 6, 2024	N/A
#4	-31.62% Jan 26, 2018 - Nov 9, 2020	N/A
#5	-19.95% Oct 26, 2001 - Mar 7, 2002	N/A
#6	-19.35% Apr 5, 2004 - Sep 1, 2005	N/A
#7	-13.95% Sep 26, 2024 - May 5, 2025	N/A
#8	-13.11% Feb 11, 2026 - Mar 20, 2026	N/A
#9	-11.60% Jul 16, 2024 - Aug 23, 2024	N/A
#10	-10.81% Oct 21, 2003 - Jan 2, 2004	N/A
#11	-9.79% Mar 11, 2002 - May 17, 2002	N/A
#12	-8.85% Feb 17, 2021 - Sep 3, 2021	N/A
#13	-7.46% Jan 9, 2006 - Mar 20, 2006	N/A
#14	-6.96% Mar 21, 2024 - Jul 10, 2024	N/A
#15	-6.89% Sep 29, 2005 - Nov 7, 2005	N/A

Correlation

Correlation between JPXN and ZSL is -0.42 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.42

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