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ZSLvsKOLDETF Comparison

ETF 1

ZSL

ProShares UltraShort SILVER ETF - USD

This fund is part of

Inverse Commodity

-1.82%

Full ZSL fund page

VS

ETF 2

KOLD

ProShares UltraShort BLOOMBERG NATURAL GAS - Distributing - USD

This fund is part of

Inverse Commodity

-1.82%

Full KOLD fund page

ProShares UltraShort SILVER ETF - USD (ZSL) and ProShares UltraShort BLOOMBERG NATURAL GAS - Distributing - USD (KOLD) belong to the same industry segment: Inverse Commodity. ZSL is more expensive with a Total Expense Ratio (TER) of 1.33%, versus 0.95% for KOLD. ZSL is down -35.86% year-to-date (YTD) with -$185M in YTD flows. KOLD performs better with -13.31% YTD performance, and -$187M in YTD flows. Run a side-by-side ETF comparison of ZSL and KOLD 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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ZSL vs KOLD 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 10/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ZSL KOLD	+40.19%+16.80%	+8.36%+17.43%	-35.86%-13.31%	-74.39%-6.82%	-95.67%+13.57%	-96.57%-49.22%
Flows	ZSL KOLD	-$28M-$45M	-$12M-$50M	-$185M-$187M	+$73M-$220M	+$141M-$438M	+$111M-$633M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ZSL KOLD	+70.61%+69.04%	+131.03%+112.57%	+90.54%+106.96%	+79.49%+121.25%
Max drawdown	ZSL KOLD	-33.46%-28.28%	-89.56%-72.25%	-98.23%-84.39%	-99.07%-96.38%
Max drawdown duration	ZSL KOLD	77d78d	361d285d	1076d976d	1513d1782d

Trading data

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	ZSL	KOLD
Last sale 10/23/2026 at 1:30 PM	$34.03	$30.94
Previous close 10/22/2026	$33.23	$29.99
Consolidated volume 10/22/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 25, 2026

1-year trailing difference

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

Main metrics

Last update 10/23/2026 at 1:30 PM

Live

Closed

	ZSL	KOLD
Last price	$34.03	$30.94
1D performance	+2.41%	+3.17%
AuM	$67.98 M	$80.16 M
E/R	1.33%	0.95%

Characteristics

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

More ZSL data on Trackinsight

More KOLD data on Trackinsight

Exposure

Exposure data will be available soon

Frequently asked questions about ZSL and KOLD

How have the ZSL and KOLD ETFs performed in 2026?

As of October 23, 2026, ZSL is down -35.86% year-to-date (YTD), while KOLD has lost -13.31%. That puts KOLD better performer ahead so far this year.

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

Year-to-date, the ZSL ETF saw -$185M in flows, compared to -$187M for KOLD.

Which ETF is more volatile: ZSL or KOLD?

Over the past year, ZSL had a volatility of 131.03%, while KOLD experienced 112.57%.

Which ETF is bigger: ZSL or KOLD?

As of October 23, 2026, ZSL holds $67.98 M in assets under management (AUM), while KOLD manages $80.16 M.

Tony's ETF Buyer's Guide: Silver ETFs

May 23, 2024

ZSL

ZSLvsKOLDETF Comparison

ProShares UltraShort SILVER ETF - USD

ProShares UltraShort BLOOMBERG NATURAL GAS - Distributing - USD

ZSL vs KOLD 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 ZSL and KOLD ETFs performed in 2026?

As of October 23, 2026, ZSL is down -35.86% year-to-date (YTD), while KOLD has lost -13.31%. That puts KOLD better performer ahead so far this year.

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

Year-to-date, the ZSL ETF saw -$185M in flows, compared to -$187M for KOLD.

Which ETF is more volatile: ZSL or KOLD?

Over the past year, ZSL had a volatility of 131.03%, while KOLD experienced 112.57%.

Which ETF is bigger: ZSL or KOLD?

As of October 23, 2026, ZSL holds $67.98 M in assets under management (AUM), while KOLD manages $80.16 M.

Tony's ETF Buyer's Guide: Silver ETFs

ETFs’ Next Act: From Access to Selection