SMAX vs ZSL
Comparison between ISHARES LARGE CAP MAX BUFFER SEP ETF (SMAX, ETF) and ProShares UltraShort Silver -2x Shares (ZSL, ETF).
SMAX vs ZSL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SMAX
$91M
ZSL
$91M
Expense Ratio
SMAX
0.50%
ZSL
N/A
Max Drawdown
Winner
SMAX
3.90%
ZSL
100.00%
Sharpe Ratio
Winner
SMAX
1.37
ZSL
-1.06
5Y Beta
SMAX
0.19
Winner
ZSL
0.00
SMAX vs ZSL - Historical Returns
Returns include dividend reinvestment.
1M
SMAX
+0.55%
Winner
ZSL
+18.13%
3M
SMAX
+2.28%
Winner
ZSL
+41.61%
6M
SMAX
+3.62%
Winner
ZSL
+9.00%
1Y
Winner
SMAX
+7.62%
ZSL
-86.05%
5Y(CAGR)
SMAX
N/A
ZSL
-50.13%
10Y(CAGR)
SMAX
N/A
ZSL
-39.20%
Max(CAGR)
Winner
SMAX
+7.14%
ZSL
-41.77%
SMAX vs ZSL - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | SMAX | ZSL |
|---|---|---|
| 2026 | +3.79% | -39.82% |
| 2025 | +7.88% | -86.72% |
| 2024 | +1.02% | -43.09% |
| 2023 | N/A | -5.49% |
| 2022 | N/A | -30.40% |
| 2021 | N/A | +4.68% |
| 2020 | N/A | -74.00% |
| 2019 | N/A | -27.59% |
| 2018 | N/A | +21.59% |
| 2017 | N/A | -15.16% |
| 2016 | N/A | -39.52% |
| 2015 | N/A | +9.60% |
| 2014 | N/A | +39.77% |
| 2013 | N/A | +87.70% |
| 2012 | N/A | -27.38% |
| 2011 | N/A | -60.21% |
| 2010 | N/A | -77.73% |
| 2009 | N/A | -71.91% |
| 2008 | N/A | -33.81% |
SMAX vs ZSL Drawdown Comparison
The maximum drawdown for SMAX was -3.90%, occurring on Apr 8, 2025. Recovery took 60 trading sessions.
The maximum drawdown for ZSL was -100.00%, occurring on May 13, 2026. This drawdown has not yet recovered.
The current SMAX drawdown is -0.01%. The current ZSL drawdown is -99.99%.
| Rank | SMAX | ZSL |
|---|---|---|
| #1 | -3.90% Feb 20, 2025 - May 16, 2025 | -100.00% Dec 5, 2008 - May 13, 2026 |
| #2 | -1.91% Feb 25, 2026 - Apr 13, 2026 | N/A |
| #3 | -0.81% Oct 28, 2025 - Nov 26, 2025 | N/A |
| #4 | -0.72% May 19, 2025 - Jun 2, 2025 | N/A |
| #5 | -0.71% Dec 11, 2024 - Dec 24, 2024 | N/A |
| #6 | -0.63% Jun 2, 2026 - Jun 15, 2026 | N/A |
| #7 | -0.61% Jan 9, 2026 - Jan 26, 2026 | N/A |
| #8 | -0.57% Dec 24, 2024 - Jan 15, 2025 | N/A |
| #9 | -0.56% Oct 22, 2024 - Nov 6, 2024 | N/A |
| #10 | -0.54% Feb 2, 2026 - Feb 9, 2026 | N/A |
| #11 | -0.53% Jul 28, 2025 - Aug 8, 2025 | N/A |
| #12 | -0.52% Nov 8, 2024 - Nov 29, 2024 | N/A |
| #13 | -0.48% Feb 9, 2026 - Feb 25, 2026 | N/A |
| #14 | -0.45% Oct 8, 2025 - Oct 20, 2025 | N/A |
| #15 | -0.39% Dec 11, 2025 - Dec 22, 2025 | N/A |
Correlation
Correlation between SMAX and ZSL is -0.95 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.
-0.95
-101
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