ProShares UltraShort Silver (ZSL) — Stock Correlations & Overview
Over the past year, ZSL has moved most closely with GLL, DULL, JDST. Explore the stocks most correlated and inversely correlated with ZSL below, along with its price, financials, and company profile.
Stocks correlated with ZSL
Correlation of daily returns. Higher positive values move with ZSL; negative values move opposite it. Informational only, not investment advice.
Most correlated with ZSL
| Symbol | Company | Correlation |
|---|---|---|
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | 0.81 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | 0.81 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | 0.80 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | 0.80 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | 0.79 |
Most inversely correlated with ZSL
| Symbol | Company | Correlation |
|---|---|---|
| SIVR | abrdn Physical Silver Shares ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.97 |
| SLV | iShares Silver TrustCOMMODITY CONTRACTS BROKERS & DEALERS | -0.97 |
| KSLV | Kurv Silver Enhanced Income ETF | -0.97 |
| PSLV | Sprott Physical Silver Trust | -0.97 |
| CEF | Sprott Physical Gold and Silver Trust | -0.95 |
Frequently asked questions about ZSL correlations
- Which stocks are most correlated with ZSL?
- Based on one year of daily returns, the stocks most correlated with ProShares UltraShort Silver (ZSL) are GLL (0.81), DULL (0.81) and JDST (0.80). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ZSL?
- Over the past year, the stocks most inversely correlated with ProShares UltraShort Silver (ZSL) are SIVR (-0.97), SLV (-0.97) and KSLV (-0.97). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ZSL correlations calculated?
- We compute the correlation of daily returns between ZSL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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