SLON vs. BITO
SLON (ProShares Ultra Solana ETF) and BITO (ProShares Bitcoin Strategy ETF) are both Cryptocurrency funds from ProShares. SLON is passively managed, while BITO is actively managed. Their correlation of 0.87 suggests significant overlap in exposure. SLON charges 2.14%/yr vs 0.95%/yr for BITO.
Performance
SLON vs. BITO - 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 BITO's -29.93% return.
SLON
- 1D
- -11.08%
- 1M
- -37.46%
- YTD
- -77.64%
- 6M
- -77.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- -3.31%
- 1M
- -18.05%
- YTD
- -29.93%
- 6M
- -30.03%
- 1Y
- -42.09%
- 3Y*
- 18.00%
- 5Y*
- —
- 10Y*
- —
SLON vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLON ProShares Ultra Solana ETF | -77.64% | -62.89% |
BITO ProShares Bitcoin Strategy ETF | -29.93% | -28.60% |
Correlation
The correlation between SLON and BITO is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.87 |
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Return for Risk
SLON vs. BITO — Risk / Return Rank
SLON
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITO
SLON vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Solana ETF (SLON) and ProShares Bitcoin Strategy ETF (BITO). 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 | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.85 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.80 | — |
| Martin ratioReturn relative to average drawdown | — | -1.35 | — |
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Drawdowns
SLON vs. BITO - Drawdown Comparison
The maximum SLON drawdown since its inception was -96.31%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for SLON and BITO.
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Drawdown Indicators
| SLON | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.31% | -77.86% | -18.45% |
Max Drawdown (1Y)Largest decline over 1 year | — | -53.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.10% | — |
Current DrawdownCurrent decline from peak | -95.80% | -51.67% | -44.13% |
Average DrawdownAverage peak-to-trough decline | -65.32% | -36.86% | -28.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 31.28% | — |
Volatility
SLON vs. BITO - Volatility Comparison
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Volatility by Period
| SLON | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 148.14% | 44.08% | +104.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 148.14% | 55.02% | +93.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 148.14% | 55.02% | +93.12% |
SLON vs. BITO - Expense Ratio Comparison
SLON has a 2.14% expense ratio, which is higher than BITO's 0.95% expense ratio.
Dividends
SLON vs. BITO - Dividend Comparison
SLON's dividend yield for the trailing twelve months is around 25.68%, less than BITO's 71.07% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 71.07% | 78.29% | 61.59% | 15.14% |
SLON ProShares Ultra Solana ETF | 25.68% | 5.74% | 0.00% | 0.00% |
Frequently Asked Questions
SLON and BITO 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.
On fees, BITO is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BITO is cheaper with a 0.95% expense ratio, compared with 2.14% for SLON.
BITO has the higher dividend yield at 71.07%, compared with 25.68% for SLON.
Their fees differ too: 2.14% for SLON and 0.95% for BITO.
Find the right allocation for SLON and BITO
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