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 124 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% | 392.19M | Apr 2026 | SLON vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.71B | Jul 2024 | SLON vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.57B | Jul 2024 | SLON vs ETH | |
| Franklin Bitcoin ETF | 0.19% | 354.69M | Jan 2024 | SLON vs EZBC | |
| Franklin Ethereum ETF | 0.19% | 38.20M | Jul 2024 | SLON vs EZET |
Best Risk-Adjusted Alternatives to SLON
SLON has a PortfoliosLab risk / return rank of 3. There are 43 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 96 | — | Oct 2017 | SLON vs ZCSH | |
| CoinShares Bitcoin Miners ETF | 62 | 240.40M | Feb 2022 | SLON vs WGMI | |
| ProShares Short Bitcoin ETF | 51 | 129.73M | Jun 2022 | SLON vs BITI | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 48 | — | Jul 2024 | SLON vs BTCZ | |
| Proshares Ultrashort Bitcoin ETF | 45 | 176.54M | Apr 2024 | SLON vs SBIT |
Top Performing SLON Alternatives (YTD)
SLON is at -75.40% YTD. There are 110 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 43.06%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| CoinShares Bitcoin Miners ETF | 43.06% | 240.40M | Feb 2022 | SLON vs WGMI | |
| Proshares Ultrashort Bitcoin ETF | 35.42% | 176.54M | Apr 2024 | SLON vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 34.44% | — | Jul 2024 | SLON vs BTCZ | |
| ProShares Short Ether Strategy ETF | 29.72% | 16.03M | Nov 2023 | SLON vs SETH | |
| ProShares UltraShort Ether ETF | 29.25% | 60.61M | Jun 2024 | SLON vs ETHD |
Lowest Volatility Alternatives to SLON
SLON has 144.72% 1-year volatility. There are 137 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 1.95%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 1.95% | — | Oct 2025 | SLON vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.65% | — | Oct 2025 | SLON vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.49% | — | Oct 2025 | SLON vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.56% | — | Oct 2025 | SLON vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.68% | 7.65M | Sep 2025 | SLON vs BFOC |
Lowest Drawdown Alternatives to SLON
SLON has a 1-year max drawdown of -96.31%. There are 77 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 23.25M | Aug 2022 | SLON vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.44M | Jun 2025 | SLON vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 111.94M | Dec 2024 | SLON vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 129.73M | Jun 2022 | SLON vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.73% | 735.02K | Mar 2024 | SLON vs BTRN |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 45 | 29.42% | 32.83B | Feb 2010 | SLON vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 48 | 23.13% | 12.76B | Jun 2006 | SLON vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -28.40% | 1.41B | Oct 2021 | SLON vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 65 | 26.96% | 5.15B | Jun 2009 | SLON vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 67 | 19.52% | 7.81B | Jun 2006 | SLON vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 51 | 11.50% | 11.68B | Oct 2013 | SLON vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 58 | 55.27% | 2.47B | Jan 2007 | SLON vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -38.05% | 2.00B | Feb 2010 | SLON vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 52 | 11.89% | 394.37M | Mar 2024 | SLON vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -36.18% | 244.68M | Oct 2011 | SLON vs UVXY |
Often Compared With SLON
Investors most often compare SLON with AGZ, CGSD, SOLZ. These 20 comparison targets span 13 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