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KOLDvsZSLETF Comparison

ETF 1

KOLD

ProShares UltraShort BLOOMBERG NATURAL GAS - Distributing - USD

This fund is part of

Inverse Commodity

-3.02%

Full KOLD fund page

VS

ETF 2

ZSL

ProShares UltraShort SILVER ETF - USD

This fund is part of

Inverse Commodity

-3.02%

Full ZSL fund page

ProShares UltraShort BLOOMBERG NATURAL GAS - Distributing - USD (KOLD) and ProShares UltraShort SILVER ETF - USD (ZSL) belong to the same industry segment: Inverse Commodity. KOLD is less expensive with a Total Expense Ratio (TER) of 0.95%, versus 1.33% for ZSL. KOLD is down -11.54% year-to-date (YTD) with -$207M in YTD flows. ZSL performs worse with -35.22% YTD performance, and -$185M in YTD flows. Run a side-by-side ETF comparison of KOLD and ZSL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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KOLD vs ZSL performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	KOLD ZSL	+18.49%+28.74%	+3.19%+7.63%	-11.54%-35.22%	-12.28%-75.47%	+21.77%-95.55%	-52.03%-96.66%
Flows	KOLD ZSL	-$136M-$22M	-$79M-$10M	-$207M-$185M	-$242M+$82M	-$421M+$141M	-$703M+$111M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	KOLD ZSL	+66.83%+70.25%	+112.44%+130.83%	+106.97%+90.64%	+121.09%+79.48%
Max drawdown	KOLD ZSL	-28.28%-33.46%	-72.25%-89.30%	-84.39%-98.23%	-96.38%-99.07%
Max drawdown duration	KOLD ZSL	83d77d	290d365d	981d1081d	1787d1518d

Trading data

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	KOLD	ZSL
Last sale 10/29/2026 at 5:50 PM	$33.21	$36.47
Previous close 10/28/2026	$31.73	$33.56
Consolidated volume 10/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 29, 2026

1-year trailing difference

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	KOLD	ZSL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/29/2026 at 5:50 PM

Live

Closed

	KOLD	ZSL
Last price	$33.21	$36.47
1D performance	+4.66%	+8.67%
AuM	$61.22 M	$68.65 M
E/R	0.95%	1.33%

Characteristics

	KOLD	ZSL
Management strategy	Passive	Passive
Provider	ProShares	ProShares
Benchmark	Bloomberg Natural Gas Subindex	Bloomberg Silver Subindex
N° of holdings	-	-
Asset class	Commodities	Commodities
Trailing 12m distribution yield	Join	Join
Inception date	October 4, 2011	December 1, 2008
ESG	No	No

More KOLD data on Trackinsight

More ZSL data on Trackinsight

Exposure

Exposure data will be available soon

Frequently asked questions about KOLD and ZSL

How have the KOLD and ZSL ETFs performed in 2026?

As of October 28, 2026, KOLD is down -11.54% year-to-date (YTD), while ZSL has lost -35.22%. That puts KOLD better performer ahead so far this year.

Which ETF is attracting more investor money: KOLD or ZSL?

Year-to-date, the KOLD ETF saw -$207M in flows, compared to -$185M for ZSL.

Which ETF is more volatile: KOLD or ZSL?

Over the past year, KOLD had a volatility of 112.44%, while ZSL experienced 130.83%.

Which ETF is bigger: KOLD or ZSL?

As of October 28, 2026, KOLD holds $61.22 M in assets under management (AUM), while ZSL manages $68.65 M.

Tony's ETF Buyer's Guide: Silver ETFs

May 23, 2024

ZSL

KOLDvsZSLETF Comparison

ProShares UltraShort BLOOMBERG NATURAL GAS - Distributing - USD

ProShares UltraShort SILVER ETF - USD

KOLD vs ZSL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

How have the KOLD and ZSL ETFs performed in 2026?

As of October 28, 2026, KOLD is down -11.54% year-to-date (YTD), while ZSL has lost -35.22%. That puts KOLD better performer ahead so far this year.

Which ETF is attracting more investor money: KOLD or ZSL?

Year-to-date, the KOLD ETF saw -$207M in flows, compared to -$185M for ZSL.

Which ETF is more volatile: KOLD or ZSL?

Over the past year, KOLD had a volatility of 112.44%, while ZSL experienced 130.83%.

Which ETF is bigger: KOLD or ZSL?

As of October 28, 2026, KOLD holds $61.22 M in assets under management (AUM), while ZSL manages $68.65 M.

Tony's ETF Buyer's Guide: Silver ETFs

ETFs’ Next Act: From Access to Selection