ZSL vs SMAX
Comparison between ProShares UltraShort Silver -2x Shares (ZSL, ETF) and ISHARES LARGE CAP MAX BUFFER SEP ETF (SMAX, ETF).
ZSL vs SMAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ZSL
$91M
Winner
SMAX
$91M
Expense Ratio
ZSL
N/A
SMAX
0.50%
Max Drawdown
ZSL
100.00%
Winner
SMAX
3.90%
Sharpe Ratio
ZSL
-1.06
Winner
SMAX
1.37
5Y Beta
Winner
ZSL
0.00
SMAX
0.19
ZSL vs SMAX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ZSL
+18.13%
SMAX
+0.55%
3M
Winner
ZSL
+41.61%
SMAX
+2.28%
6M
Winner
ZSL
+9.00%
SMAX
+3.62%
1Y
ZSL
-86.05%
Winner
SMAX
+7.62%
5Y(CAGR)
ZSL
-50.13%
SMAX
N/A
10Y(CAGR)
ZSL
-39.20%
SMAX
N/A
Max(CAGR)
ZSL
-41.77%
Winner
SMAX
+7.14%
ZSL vs SMAX - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | ZSL | SMAX |
|---|---|---|
| 2026 | -39.82% | +3.79% |
| 2025 | -86.72% | +7.88% |
| 2024 | -43.09% | +1.02% |
| 2023 | -5.49% | N/A |
| 2022 | -30.40% | N/A |
| 2021 | +4.68% | N/A |
| 2020 | -74.00% | N/A |
| 2019 | -27.59% | N/A |
| 2018 | +21.59% | N/A |
| 2017 | -15.16% | N/A |
| 2016 | -39.52% | N/A |
| 2015 | +9.60% | N/A |
| 2014 | +39.77% | N/A |
| 2013 | +87.70% | N/A |
| 2012 | -27.38% | N/A |
| 2011 | -60.21% | N/A |
| 2010 | -77.73% | N/A |
| 2009 | -71.91% | N/A |
| 2008 | -33.81% | N/A |
ZSL vs SMAX 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 SMAX was -3.90%, occurring on Apr 8, 2025. Recovery took 60 trading sessions.
The current ZSL drawdown is -99.99%. The current SMAX drawdown is -0.01%.
| Rank | ZSL | SMAX |
|---|---|---|
| #1 | -100.00% Dec 5, 2008 - May 13, 2026 | -3.90% Feb 20, 2025 - May 16, 2025 |
| #2 | N/A | -1.91% Feb 25, 2026 - Apr 13, 2026 |
| #3 | N/A | -0.81% Oct 28, 2025 - Nov 26, 2025 |
| #4 | N/A | -0.72% May 19, 2025 - Jun 2, 2025 |
| #5 | N/A | -0.71% Dec 11, 2024 - Dec 24, 2024 |
| #6 | N/A | -0.63% Jun 2, 2026 - Jun 15, 2026 |
| #7 | N/A | -0.61% Jan 9, 2026 - Jan 26, 2026 |
| #8 | N/A | -0.57% Dec 24, 2024 - Jan 15, 2025 |
| #9 | N/A | -0.56% Oct 22, 2024 - Nov 6, 2024 |
| #10 | N/A | -0.54% Feb 2, 2026 - Feb 9, 2026 |
| #11 | N/A | -0.53% Jul 28, 2025 - Aug 8, 2025 |
| #12 | N/A | -0.52% Nov 8, 2024 - Nov 29, 2024 |
| #13 | N/A | -0.48% Feb 9, 2026 - Feb 25, 2026 |
| #14 | N/A | -0.45% Oct 8, 2025 - Oct 20, 2025 |
| #15 | N/A | -0.39% Dec 11, 2025 - Dec 22, 2025 |
Correlation
Correlation between ZSL and SMAX 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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