ZSL vs JPXN

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

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

ZSL vs JPXN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

ZSL

$145M

JPXN

$145M

Expense Ratio

ZSL

N/A

JPXN

0.48%

Max Drawdown

ZSL

100.00%

Winner

JPXN

56.49%

Sharpe Ratio

ZSL

-1.48

Winner

JPXN

1.14

5Y Beta

Winner

ZSL

0.00

JPXN

0.81

5Y Dividends CAGR

ZSL

N/A

JPXN

17.12%

ZSL vs JPXN - Historical Returns

Returns include dividend reinvestment.

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

Winner

ZSL

+6.68%

JPXN

+0.90%

Winner

ZSL

+19.08%

JPXN

+4.27%

ZSL

-72.18%

Winner

JPXN

+12.32%

ZSL

-90.62%

Winner

JPXN

+27.77%

5Y(CAGR)

ZSL

-50.59%

Winner

JPXN

+8.02%

10Y(CAGR)

ZSL

-42.93%

Winner

JPXN

+8.70%

Max(CAGR)

ZSL

-42.72%

Winner

JPXN

+5.29%

ZSL vs JPXN - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

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

ZSL vs JPXN Drawdown Comparison

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

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

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

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

Correlation

Correlation between ZSL and JPXN 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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