- Issuer
- ProShares
- Inception Date
- Jul 14, 2025
- Category
- Cryptocurrency, Leveraged Cryptocurrency
- Leveraged
- 2x
- Index Tracked
- Bloomberg Solana Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Cryptocurrency
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $18M
Share Price Chart
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Performance
SLON Performance Chart
ProShares Ultra Solana ETF (SLON) is down 74.4% since the beginning of the year. SLON is currently trading at $18 per share.
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Returns By Period
ProShares Ultra Solana ETF
- 1D
- -9.37%
- 1M
- -30.10%
- YTD
- -74.41%
- 6M
- -81.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
SLON Monthly Returns History
Based on dividend-adjusted daily data since Jul 15, 2025, SLON's average daily return is -0.62%, while the average monthly return is -14.21%.
Historically, 17% of months were positive and 83% were negative. The best month was Aug 2025 with a return of +23.7%, while the worst month was Feb 2026 at -57.3%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 10 months.
On a daily basis, SLON closed higher 47% of trading days. The best single day was Feb 25, 2026 with a return of +27.1%, while the worst single day was Feb 5, 2026 at -30.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -15.21% | -57.33% | -0.98% | -1.39% | -4.95% | -23.79% | -74.41% | ||||||
| 2025 | 10.36% | 23.65% | -0.77% | -25.11% | -52.29% | -22.65% | -62.58% |
Benchmark Metrics
ProShares Ultra Solana ETF has an annualized alpha of -93.68%, beta of 5.37, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since July 16, 2025.
- This ETF participated in 555.79% of S&P 500 Index downside but only -163.11% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.20 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -93.68%
- Beta
- 5.37
- R²
- 0.20
- Upside Capture
- -163.11%
- Downside Capture
- 555.79%
Expense Ratio
SLON has a high expense ratio of 2.14%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra Solana ETF (SLON) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
ProShares Ultra Solana ETF provided a 22.44% dividend yield over the last twelve months, with an annual payout of $4.04 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $4.04 | $4.04 |
Dividend yield | 22.44% | 5.74% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra Solana ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $4.04 | $0.00 | $0.00 | $4.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Ultra Solana ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares Ultra Solana ETF was 95.19%, occurring on Jun 3, 2026. The portfolio has not yet recovered.
The current ProShares Ultra Solana ETF drawdown is 95.19%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -95.19%Jun 2026 | 8mo 17d | — | 8mo 18dSep 2025 - now |
2025 bear market2025 | -37.23%Aug 2025 | 13d | 1mo 4d | 1mo 17dJul 2025 - Sep 2025 |
2025 pullback2025 | -7.49%Sep 2025 | 0s | 3d | 3dSep 2025 - Sep 2025 |
2025 pullback2025 | -1.30%Jul 2025 | 0s | 1d | 1dJul 2025 - Jul 2025 |
2025 pullback2025 | -0.24%Sep 2025 | 0s | 1d | 1dSep 2025 - Sep 2025 |
Drawdown Indicators
| SLON | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.19% | -56.78% | -38.41% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -95.19% | -0.74% | -94.45% |
Average DrawdownAverage peak-to-trough decline | -63.84% | -10.72% | -53.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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