SLON vs. BITI
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 -0.88, they often move in opposite directions. SLON charges 2.14%/yr vs 1.03%/yr for BITI.
Performance
SLON vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, SLON achieves a -77.64% return, which is significantly lower than BITI's 29.11% return.
SLON
- 1D
- -11.08%
- 1M
- -37.46%
- YTD
- -77.64%
- 6M
- -77.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITI
- 1D
- 3.32%
- 1M
- 20.07%
- YTD
- 29.11%
- 6M
- 29.34%
- 1Y
- 47.64%
- 3Y*
- -29.87%
- 5Y*
- —
- 10Y*
- —
SLON vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLON ProShares Ultra Solana ETF | -77.64% | -62.89% |
BITI ProShares Shrt Bitcoin ETF | 29.11% | 32.69% |
Correlation
The correlation between SLON and BITI is -0.88, 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 15, 2025 | -0.88 |
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Return for Risk
SLON vs. BITI — Risk / Return Rank
SLON
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITI
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.
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 | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.89 | — |
| Martin ratioReturn relative to average drawdown | — | 4.36 | — |
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Drawdowns
SLON vs. BITI - Drawdown Comparison
The maximum SLON drawdown since its inception was -96.31%, 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.
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Drawdown Indicators
| SLON | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.31% | -92.16% | -4.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.28% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -84.63% | — |
Current DrawdownCurrent decline from peak | -95.80% | -85.90% | -9.90% |
Average DrawdownAverage peak-to-trough decline | -65.32% | -68.12% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.39% | — |
Volatility
SLON vs. BITI - Volatility Comparison
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Volatility by Period
| SLON | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 148.14% | 44.06% | +104.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 148.14% | 52.46% | +95.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 148.14% | 52.46% | +95.68% |
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 25.68%, more than BITI's 9.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BITI ProShares Shrt Bitcoin ETF | 9.15% | 1.60% | 3.91% | 3.33% | 0.06% |
SLON ProShares Ultra Solana ETF | 25.68% | 5.74% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SLON and BITI have a correlation of -0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
BITI is cheaper with a 1.03% expense ratio, compared with 2.14% for SLON.
SLON has the higher dividend yield at 25.68%, compared with 9.15% for 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.
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