SLON vs. BTCZ

Last updated Jun 24, 2026

SLON (ProShares Ultra Solana ETF) and BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) are both Cryptocurrency funds. SLON is passively managed, while BTCZ is actively managed. At a correlation of -0.87, they often move in opposite directions. SLON charges 2.14%/yr vs 0.95%/yr for BTCZ.

Performance

SLON vs. BTCZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Solana ETF (SLON) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLON achieves a -77.64% return, which is significantly lower than BTCZ's 40.86% return.

SLON

• 1D: -11.08%
• 1M: -37.46%
• YTD: -77.64%
• 6M: -77.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCZ

• 1D: 6.37%
• 1M: 40.52%
• YTD: 40.86%
• 6M: 41.38%
• 1Y: 59.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SLON vs. BTCZ - Yearly Performance Comparison

	2026 (YTD)	2025
SLON ProShares Ultra Solana ETF	-77.64%	-62.89%
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	40.86%	54.80%

Correlation

The correlation between SLON and BTCZ 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 15, 2025	-0.87

Return for Risk

SLON vs. BTCZ — 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.

BTCZ

BTCZ Risk / Return Rank: 24
BTCZ Sharpe Ratio Rank: 21
BTCZ Sortino Ratio Rank: 27
BTCZ Omega Ratio Rank: 26
BTCZ Calmar Ratio Rank: 27
BTCZ Martin Ratio Rank: 21

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. BTCZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Solana ETF (SLON) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). 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	BTCZ	Difference
Sharpe ratio: Return per unit of total volatility	—	0.67	—
Sortino ratio: Return per unit of downside risk	—	1.43	—
Omega ratio: Gain probability vs. loss probability	—	1.17	—
Calmar ratio: Return relative to maximum drawdown	—	1.21	—
Martin ratio: Return relative to average drawdown	—	2.49	—

Drawdowns

SLON vs. BTCZ - Drawdown Comparison

The maximum SLON drawdown since its inception was -96.31%, which is greater than BTCZ's maximum drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for SLON and BTCZ.

Drawdown Indicators

	SLON	BTCZ	Difference
Max Drawdown Largest peak-to-trough decline	-96.31%	-91.06%	-5.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.02%	—
Current Drawdown Current decline from peak	-95.80%	-77.28%	-18.52%
Average Drawdown Average peak-to-trough decline	-65.32%	-73.68%	+8.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	24.87%	—

Volatility

Volatility by Period

	SLON	BTCZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	26.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	68.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	148.14%	88.72%	+59.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.14%	97.08%	+51.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.14%	97.08%	+51.06%

SLON vs. BTCZ - Expense Ratio Comparison

SLON has a 2.14% expense ratio, which is higher than BTCZ's 0.95% expense ratio.

Dividends

SLON vs. BTCZ - Dividend Comparison

SLON's dividend yield for the trailing twelve months is around 25.68%, more than BTCZ's 0.01% yield.

Position	TTM	2025	2024
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	0.01%	0.02%	0.08%
SLON ProShares Ultra Solana ETF	25.68%	5.74%	0.00%

Frequently Asked Questions

Can I hold both SLON and BTCZ in my portfolio?

SLON and BTCZ 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 BTCZ?

On fees, BTCZ is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLON or BTCZ?

BTCZ is cheaper with a 0.95% expense ratio, compared with 2.14% for SLON.

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

SLON has the higher dividend yield at 25.68%, compared with 0.01% for BTCZ.

What is the main difference between SLON and BTCZ?

They also come from different issuers: ProShares and T-Rex. Their fees differ too: 2.14% for SLON and 0.95% for BTCZ.