SLON vs. BITI

Last updated Jun 4, 2026

SLON (ProShares Ultra Solana ETF) and BITI (ProShares Shrt Bitcoin ETF) are both Cryptocurrency funds from ProShares - SLON tracks the Bloomberg Solana Index while BITI tracks the Bloomberg Bitcoin Index (-100%). Both are passively managed. At a correlation of -0.87, they often move in opposite directions. SLON charges 2.14%/yr vs 1.03%/yr for BITI.

Performance

SLON vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Solana ETF (SLON) and ProShares Shrt Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLON achieves a -74.41% return, which is significantly lower than BITI's 24.06% return.

SLON

• 1D: -9.37%
• 1M: -30.10%
• YTD: -74.41%
• 6M: -81.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITI

• 1D: 2.69%
• 1M: 22.00%
• YTD: 24.06%
• 6M: 31.50%
• 1Y: 45.79%
• 3Y*: -34.09%
• 5Y*: —
• 10Y*: —

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

SLON vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025
SLON ProShares Ultra Solana ETF	-74.41%	-62.58%
BITI ProShares Shrt Bitcoin ETF	24.06%	29.02%

Correlation

The correlation between SLON and BITI is -0.87, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	-0.87

Return for Risk

SLON vs. BITI — Risk / Return Rank

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

BITI

BITI Risk / Return Rank: 30
BITI Sharpe Ratio Rank: 29
BITI Sortino Ratio Rank: 30
BITI Omega Ratio Rank: 28
BITI Calmar Ratio Rank: 36
BITI Martin Ratio Rank: 27

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. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Solana ETF (SLON) and ProShares Shrt Bitcoin ETF (BITI). 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.

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

Sharpe Ratios by Period

	SLON	BITI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	-0.72	+0.09

Drawdowns

SLON vs. BITI - Drawdown Comparison

The maximum SLON drawdown since its inception was -95.19%, roughly equal to the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for SLON and BITI.

Drawdown Indicators

	SLON	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-95.19%	-92.16%	-3.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-95.19%	-86.46%	-8.73%
Average Drawdown Average peak-to-trough decline	-63.84%	-67.95%	+4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.80%	—

Volatility

Volatility by Period

	SLON	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	146.78%	43.52%	+103.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.78%	52.50%	+94.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.78%	52.50%	+94.28%

SLON vs. BITI - Expense Ratio Comparison

SLON has a 2.14% expense ratio, which is higher than BITI's 1.03% expense ratio.

Dividends

SLON vs. BITI - Dividend Comparison

SLON's dividend yield for the trailing twelve months is around 22.44%, more than BITI's 9.52% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Shrt Bitcoin ETF	9.52%	1.60%	3.91%	3.33%	0.06%
SLON ProShares Ultra Solana ETF	22.44%	5.74%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SLON and BITI in my portfolio?

SLON and BITI have a correlation of -0.87, 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 BITI?

On fees, BITI is cheaper at 1.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLON or BITI?

BITI is cheaper with a 1.03% expense ratio, compared with 2.14% for SLON.

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

SLON has the higher dividend yield at 22.44%, compared with 9.52% for BITI.

What is the main difference between SLON and BITI?

SLON tracks Bloomberg Solana Index, while BITI tracks Bloomberg Bitcoin Index (-100%). Their fees differ too: 2.14% for SLON and 1.03% for BITI.