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ZSL

ProShares UltraShort Silver
ETF.com segment:
Inverse Commodities: Precious Metals Silver
Competing ETFs: DSLV
Related ETF Channels: Global, Precious Metals, Silver, Inverse, Front Month, Vanilla, Commodities
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*Unless otherwise stated, data provided by FactSet.

ZSL Fund Description

ZSL provides -2x the daily performance of silver bullion as measured by the fixing price, in US Dollars, for delivery in London.

ZSL Factset Analytics Insight

ZSL is an inverse product, which attempts to deliver -2x the daily return of silver prices. ZSL invests in silver futures, meaning it’s structured as a commodities pool—so investors will have to deal with a K-1 form for tax reporting. ZSL is a short-term product and not appropriate for buy-and-hold investors because daily compounding can cause the fund's performance to differ greatly from the headline -2x exposure over holding periods greater than one day. You must rebalance your positions to receive the -2x multiple over longer time horizons. In addition to those obstacles, actually holding onto ZSL is quite expensive due to its large fee, which is typical of levered products. Liquidity is paramount for traders' tools like ZSL. The fund has typically traded with decent volume, but spreads can be wide at times.

ZSL Charts And Performance

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  • 3 Months
  • YTD
  • 1 Year
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Select ETFs to compare their performance:
PERFORMANCE [as of 05/28/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ZSL -29.56% -29.69% -20.56% -51.31% -12.22% -15.22% -24.33%
ticker (NAV) -29.50% -31.41% -20.89% -51.65% -12.58% -15.36% -24.25%
Bloomberg Silver Subindex 17.23% 8.28% -0.78% 22.90% 0.33% 0.92% -24.25%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ZSL Summary Data

ProShares
12/03/08
Commodities Pool
0.95%
$13.64M
0.44%
Fund Home Page

ZSL Portfolio Data

0.00%
06/24/20

ZSL Index Data

Bloomberg Silver Subindex
Single Asset
Single Asset
N/A

ZSL Fund Structure

Yes
N/A
No Policy
N/A
N/A
High
-2
Daily

ZSL Tax Exposures

27.84% / 27.84%
--
Yes
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

ZSL Factset Analytics Block Liquidity

As of 05/29/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of ZSL. ZSL is rated a 5 out of 5.

ZSL Tradability

45,641
$1.33M
31,457
$989.49K
0.44%
$0.14
-0.01%
4.49% / -4.69%
None
0.00%
50,000
0.63
0.02%
--
916
$21.17
5

Options Strategies for Outcome Investing

Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.

  • Collar Strategy
    Protection Strategy
  • Covered Call Strategy
    Income Strategy

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.