AGZ vs. SLON
AGZ (iShares Agency Bond ETF) and SLON (ProShares Ultra Solana ETF) are both exchange-traded funds - AGZ is a Government Bonds fund tracking the Bloomberg U.S. Agency Bond Index (USD), while SLON is a Cryptocurrency fund tracking the Bloomberg Solana Index. Both are passively managed. Over the past year, AGZ returned 3.46% vs -91.50% for SLON. At a 0.09 correlation, their price movements are largely independent. AGZ charges 0.20%/yr vs 2.14%/yr for SLON.
Performance
AGZ vs. SLON - Performance Comparison
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Returns By Period
In the year-to-date period, AGZ achieves a 0.34% return, which is significantly higher than SLON's -73.34% return.
AGZ
- 1D
- -0.26%
- 1M
- -0.25%
- 6M
- 0.35%
- YTD
- 0.34%
- 1Y
- 3.46%
- 3Y*
- 4.11%
- 5Y*
- 1.07%
- 10Y*
- 1.79%
SLON
- 1D
- -3.36%
- 1M
- 2.08%
- 6M
- -79.21%
- YTD
- -73.34%
- 1Y
- -91.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGZ vs. SLON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AGZ iShares Agency Bond ETF | 0.34% | 3.12% |
SLON ProShares Ultra Solana ETF | -73.34% | -62.89% |
Correlation
The correlation between AGZ and SLON is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.09 |
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Return for Risk
AGZ vs. SLON — Risk / Return Rank
AGZ
SLON
AGZ vs. SLON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agency Bond ETF (AGZ) and ProShares Ultra Solana ETF (SLON). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AGZ | SLON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +3.34 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.86 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | -0.95 | +3.52 |
| Martin ratioReturn relative to average drawdown | 7.94 | -1.22 | +9.16 |
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Drawdowns
AGZ vs. SLON - Drawdown Comparison
The maximum AGZ drawdown since its inception was -11.01%, smaller than the maximum SLON drawdown of -96.31%. Use the drawdown chart below to compare losses from any high point for AGZ and SLON.
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Drawdown Indicators
| AGZ | SLON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.01% | -96.31% | +85.30% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -96.31% | +94.96% |
Max Drawdown (3Y)Largest decline over 3 years | -1.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -11.01% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -94.99% | +94.38% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -67.19% | +65.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 74.75% | -74.31% |
Volatility
AGZ vs. SLON - Volatility Comparison
The current volatility for iShares Agency Bond ETF (AGZ) is 0.82%, while ProShares Ultra Solana ETF (SLON) has a volatility of 36.69%. This indicates that AGZ experiences smaller price fluctuations and is considered to be less risky than SLON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGZ | SLON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 36.69% | -35.87% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 105.49% | -103.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.59% | 147.41% | -144.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.55% | 147.12% | -143.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.03% | 147.12% | -144.09% |
AGZ vs. SLON - Expense Ratio Comparison
AGZ has a 0.20% expense ratio, which is lower than SLON's 2.14% expense ratio.
Dividends
AGZ vs. SLON - Dividend Comparison
AGZ's dividend yield for the trailing twelve months is around 3.71%, less than SLON's 21.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 3.71% | 3.75% | 3.48% | 3.14% | 1.56% | 0.96% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% |
SLON ProShares Ultra Solana ETF | 21.54% | 5.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGZ and SLON have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLON has higher volatility (36.69%) compared to AGZ (0.82%). In terms of maximum drawdown, AGZ dropped -11.01% vs SLON's -96.31%.
On 1-year performance, AGZ leads with 3.46% vs -91.50% for SLON. On fees, AGZ is cheaper at 0.20% per year. On volatility, AGZ has been the lower-risk option at 0.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AGZ has performed better with a 3.46% return vs -91.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGZ is cheaper with a 0.20% expense ratio, compared with 2.14% for SLON.
SLON has the higher dividend yield at 21.54%, compared with 3.71% for AGZ.
AGZ is categorized as Government Bonds, while SLON is Cryptocurrency. AGZ tracks Bloomberg U.S. Agency Bond Index (USD), while SLON tracks Bloomberg Solana Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.20% for AGZ and 2.14% for SLON.
AGZ currently has the higher Sharpe Ratio (1.35 vs -0.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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