JMSI vs. SLON

Last updated Aug 2, 2026

JMSI (J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund) and SLON (ProShares Ultra Solana ETF) are both exchange-traded funds - JMSI is a Municipal Bonds fund actively managed by JPMorgan, while SLON is a Cryptocurrency fund tracking the Bloomberg Solana Index. JMSI is actively managed, while SLON is passively managed. Over the past year, JMSI returned 3.90% vs -90.71% for SLON. Their 0.11 correlation means their historical movements had little consistent relationship. JMSI charges 0.18%/yr vs 2.14%/yr for SLON.

Performance

JMSI vs. SLON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) and ProShares Ultra Solana ETF (SLON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMSI achieves a -0.08% return, which is significantly higher than SLON's -75.40% return.

JMSI

• 1D: -0.13%
• 1M: -1.81%
• 6M: -0.76%
• YTD: -0.08%
• 1Y: 3.90%
• 3Y*: 3.43%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.22%

SLON

• 1D: -3.99%
• 1M: -18.94%
• 6M: -70.99%
• YTD: -75.40%
• 1Y: -90.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -89.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JMSI J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund	$2.74M	$1.90M	$1.78M
SLON ProShares Ultra Solana ETF	$682.69K	$868.60K	$1.20M

JMSI vs. SLON - Yearly Performance Comparison

	2026 (YTD)	2025
JMSI J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund	-0.08%	4.43%
SLON ProShares Ultra Solana ETF	-75.40%	-62.89%

Correlation

The correlation between JMSI and SLON is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.12
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.11

Return for Risk

JMSI vs. SLON — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JMSI

JMSI Risk / Return Rank: 56
JMSI Sharpe Ratio Rank: 64
JMSI Sortino Ratio Rank: 64
JMSI Omega Ratio Rank: 69
JMSI Calmar Ratio Rank: 43
JMSI Martin Ratio Rank: 43

SLON

SLON Risk / Return Rank: 3
SLON Sharpe Ratio Rank: 4
SLON Sortino Ratio Rank: 2
SLON Omega Ratio Rank: 3
SLON Calmar Ratio Rank: 1
SLON Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JMSI vs. SLON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) 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.

	JMSI	SLON	Difference
Sharpe ratio: Return per unit of total volatility	1.49	-0.63	+2.13
Sortino ratio: Return per unit of downside risk	2.13	-1.36	+3.49
Omega ratio: Gain probability vs. loss probability	1.29	0.85	+0.44
Calmar ratio: Return relative to maximum drawdown	1.52	-0.95	+2.47
Martin ratio: Return relative to average drawdown	4.75	-1.19	+5.93

JMSI vs. SLON - Sharpe Ratio Comparison

The current JMSI Sharpe Ratio is 1.49, which is higher than the SLON Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of JMSI and SLON, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JMSI vs. SLON - Drawdown Comparison

The maximum JMSI drawdown since its inception was -4.57%, smaller than the maximum SLON drawdown of -96.31%. Use the drawdown chart below to compare losses from any high point for JMSI and SLON.

Drawdown Indicators

	JMSI	SLON	Difference
Max Drawdown Largest peak-to-trough decline	-4.57%	-96.31%	+91.74%
Max Drawdown (1Y) Largest decline over 1 year	-2.98%	-96.31%	+93.33%
Max Drawdown (3Y) Largest decline over 3 years	-3.64%	—	—
Current Drawdown Current decline from peak	-1.98%	-95.38%	+93.40%
Average Drawdown Average peak-to-trough decline	-0.92%	-68.35%	+67.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	77.06%	-76.10%

Volatility

JMSI vs. SLON - Volatility Comparison

The current volatility for J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) is 1.13%, while ProShares Ultra Solana ETF (SLON) has a volatility of 23.28%. This indicates that JMSI 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.

Volatility by Period

	JMSI	SLON	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	23.28%	-22.15%
Volatility (6M) Calculated over the trailing 6-month period	2.45%	100.99%	-98.54%
Volatility (1Y) Calculated over the trailing 1-year period	3.04%	144.72%	-141.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.71%	144.74%	-141.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.71%	144.74%	-141.03%

JMSI vs. SLON - Expense Ratio Comparison

JMSI has a 0.18% expense ratio, which is lower than SLON's 2.14% expense ratio.

Dividends

JMSI vs. SLON - Dividend Comparison

JMSI's dividend yield for the trailing twelve months is around 3.71%, less than SLON's 23.34% yield.

Position	TTM	2025	2024	2023
JMSI J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund	3.42%	3.65%	3.66%	1.79%
SLON ProShares Ultra Solana ETF	23.34%	5.74%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JMSI and SLON in my portfolio?

JMSI and SLON have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMSI or SLON?

SLON has higher volatility (23.28%) compared to JMSI (1.13%). In terms of maximum drawdown, JMSI dropped -4.57% vs SLON's -96.31%.

Which ETF is better, JMSI or SLON?

On 1-year performance, JMSI leads with 3.90% vs -90.71% for SLON. On fees, JMSI is cheaper at 0.18% per year. On volatility, JMSI has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JMSI or SLON?

Over the 1-year period, JMSI has performed better with a 3.90% return vs -90.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMSI or SLON?

JMSI is cheaper with a 0.18% expense ratio, compared with 2.14% for SLON.

Which ETF pays a higher dividend yield, JMSI or SLON?

SLON has the higher dividend yield at 23.34%, compared with 3.42% for JMSI.

What is the main difference between JMSI and SLON?

JMSI is categorized as Municipal Bonds, while SLON is Cryptocurrency. They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.18% for JMSI and 2.14% for SLON.

Which has better risk-adjusted returns?

JMSI currently has the higher Sharpe Ratio (1.49 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.