ProShares Ultra Solana ETF (SLON) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SLON. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SLON
SLON charges 2.14% annually. There are 104 ETFs in the Cryptocurrency category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | 281.21M | Apr 2026 | SLON vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.37B | Jul 2024 | SLON vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.48B | Jul 2024 | SLON vs ETH | |
| Franklin Bitcoin ETF | 0.19% | 358.90M | Jan 2024 | SLON vs EZBC | |
| Franklin Ethereum ETF | 0.19% | 34.62M | Jul 2024 | SLON vs EZET |
Best Risk-Adjusted Alternatives to SLON
Among 65 ETFs in the Cryptocurrency category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 91 | — | Oct 2017 | SLON vs ZCSH | |
| Valkyrie Bitcoin Miners ETF | 82 | 395.17M | Feb 2022 | SLON vs WGMI | |
| ProShares Shrt Bitcoin ETF | 33 | 127.37M | Jun 2022 | SLON vs BITI | |
| REX Crypto Equity Premium Income ETF | 32 | 112.87M | Dec 2024 | SLON vs CEPI | |
| iShares Blockchain and Tech ETF | 30 | 99.02M | Apr 2022 | SLON vs IBLC |
Top Performing SLON Alternatives (YTD)
SLON is at -77.64% YTD. There are 100 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 85.47%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Valkyrie Bitcoin Miners ETF | 85.47% | 395.17M | Feb 2022 | SLON vs WGMI | |
| ProShares UltraShort Ether ETF | 75.32% | 76.32M | Jun 2024 | SLON vs ETHD | |
| ProShares Short Ether Strategy ETF | 48.48% | 20.27M | Nov 2023 | SLON vs SETH | |
| Proshares Ultrashort Bitcoin ETF | 45.97% | 188.94M | Apr 2024 | SLON vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 40.86% | — | Jul 2024 | SLON vs BTCZ |
Lowest Volatility Alternatives to SLON
SLON has 148.14% 1-year volatility. There are 110 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 2.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.07% | — | Oct 2025 | SLON vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.83% | — | Oct 2025 | SLON vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.94% | — | Oct 2025 | SLON vs CBXO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.31% | 7.61M | Sep 2025 | SLON vs BFOC | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 12.38% | — | Oct 2025 | SLON vs CBTO |
Lowest Drawdown Alternatives to SLON
Among 65 ETFs in the Cryptocurrency category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -10.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -10.70% | 22.14M | Aug 2022 | SLON vs BCDF | |
| REX Crypto Equity Premium Income ETF | -22.47% | 112.87M | Dec 2024 | SLON vs CEPI | |
| ProShares Shrt Bitcoin ETF | -25.28% | 127.37M | Jun 2022 | SLON vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.71% | 1.50M | Mar 2024 | SLON vs BTRN | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -26.51% | 17.91M | Mar 2023 | SLON vs BITC |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 10 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 53 | 41.43% | 39.74B | Feb 2010 | SLON vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -29.93% | 1.42B | Oct 2021 | SLON vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 53 | 29.58% | 14.59B | Jun 2006 | SLON vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 49 | 17.21% | 5.36B | Jun 2009 | SLON vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 50 | 12.95% | 8.02B | Jun 2006 | SLON vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 29 | 6.48% | 11.27B | Oct 2013 | SLON vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 82 | 84.65% | 3.28B | Jan 2007 | SLON vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.31% | 1.83B | Feb 2010 | SLON vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -22.07% | 265.17M | Oct 2011 | SLON vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -58.07% | 340.85M | Apr 2024 | SLON vs BITU |
Often Compared With SLON
Investors most often compare SLON with SOLZ, MSTX, AGZ. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare SLON with Any Fund or Stock
Compare SLON with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SLON with funds that move differently
ProShares Ultra Solana ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SLON.
Explore SLON Diversifiers