SLON vs. BFJL

Last updated Jul 14, 2026

SLON (ProShares Ultra Solana ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - SLON is a Cryptocurrency fund tracking the Bloomberg Solana Index, while BFJL is a Defined Outcome fund managed by First Trust. A 0.78 correlation means they provide meaningful diversification when combined. SLON charges 2.14%/yr vs 0.90%/yr for BFJL.

Performance

SLON vs. BFJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Solana ETF (SLON) and FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLON achieves a -73.75% return, which is significantly lower than BFJL's -5.93% return.

SLON

• 1D: -7.63%
• 1M: 21.56%
• 6M: -79.21%
• YTD: -73.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFJL

• 1D: -1.13%
• 1M: 1.85%
• 6M: -7.31%
• YTD: -5.93%
• 1Y: -16.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SLON vs. BFJL - Yearly Performance Comparison

	2026 (YTD)	2025
SLON ProShares Ultra Solana ETF	-73.75%	-62.89%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-5.93%	-12.32%

Correlation

The correlation between SLON and BFJL is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.78

Return for Risk

SLON vs. BFJL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SLON

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BFJL

BFJL Risk / Return Rank: 2
BFJL Sharpe Ratio Rank: 0
BFJL Sortino Ratio Rank: 1
BFJL Omega Ratio Rank: 1
BFJL Calmar Ratio Rank: 3
BFJL Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SLON vs. BFJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Solana ETF (SLON) and FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL). 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.

	SLON	BFJL	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.28	—
Sortino ratio: Return per unit of downside risk	—	-1.73	—
Omega ratio: Gain probability vs. loss probability	—	0.79	—
Calmar ratio: Return relative to maximum drawdown	—	-0.79	—
Martin ratio: Return relative to average drawdown	—	-1.11	—

Drawdowns

SLON vs. BFJL - Drawdown Comparison

The maximum SLON drawdown since its inception was -96.31%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for SLON and BFJL.

Drawdown Indicators

	SLON	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-96.31%	-21.27%	-75.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.27%	—
Current Drawdown Current decline from peak	-95.07%	-19.71%	-75.36%
Average Drawdown Average peak-to-trough decline	-66.86%	-12.61%	-54.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.15%	—

Volatility

Volatility by Period

	SLON	BFJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	147.87%	13.18%	+134.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	147.87%	13.24%	+134.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	147.87%	13.24%	+134.63%

SLON vs. BFJL - Expense Ratio Comparison

SLON has a 2.14% expense ratio, which is higher than BFJL's 0.90% expense ratio.

Dividends

SLON vs. BFJL - Dividend Comparison

SLON's dividend yield for the trailing twelve months is around 21.87%, more than BFJL's 1.43% yield.

Position	TTM	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.43%	1.35%
SLON ProShares Ultra Solana ETF	21.87%	5.74%

Frequently Asked Questions

Can I hold both SLON and BFJL in my portfolio?

SLON and BFJL have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SLON or BFJL?

On fees, BFJL is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLON or BFJL?

BFJL is cheaper with a 0.90% expense ratio, compared with 2.14% for SLON.

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

SLON has the higher dividend yield at 21.87%, compared with 1.43% for BFJL.

What is the main difference between SLON and BFJL?

SLON is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: ProShares and First Trust. Their fees differ too: 2.14% for SLON and 0.90% for BFJL.