SLON vs. CGSD

Last updated Aug 2, 2026

SLON (ProShares Ultra Solana ETF) and CGSD (Capital Group Short Duration Income ETF) are both exchange-traded funds - SLON is a Cryptocurrency fund tracking the Bloomberg Solana Index, while CGSD is a Short-Term Bond fund actively managed by Capital Group. SLON is passively managed, while CGSD is actively managed. Over the past year, SLON returned -90.71% vs 3.28% for CGSD. Their 0.12 correlation means their historical movements had little consistent relationship. SLON charges 2.14%/yr vs 0.25%/yr for CGSD.

Performance

SLON vs. CGSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Solana ETF (SLON) and Capital Group Short Duration Income ETF (CGSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLON achieves a -75.40% return, which is significantly lower than CGSD's 1.06% return.

SLON

• 1D: -3.99%
• 1M: -18.94%
• 6M: -70.99%
• YTD: -75.40%
• 1Y: -90.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -89.92%

CGSD

• 1D: 0.01%
• 1M: 0.05%
• 6M: 0.74%
• YTD: 1.06%
• 1Y: 3.28%
• 3Y*: 5.29%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CGSD Capital Group Short Duration Income ETF	$12.97M	$11.74M	$11.40M
SLON ProShares Ultra Solana ETF	$682.69K	$868.60K	$1.20M

SLON vs. CGSD - Yearly Performance Comparison

	2026 (YTD)	2025
SLON ProShares Ultra Solana ETF	-75.40%	-62.89%
CGSD Capital Group Short Duration Income ETF	1.06%	2.81%

Correlation

The correlation between SLON and CGSD is 0.11, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.11
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.12

Return for Risk

SLON vs. CGSD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SLON

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

CGSD

CGSD Risk / Return Rank: 92
CGSD Sharpe Ratio Rank: 94
CGSD Sortino Ratio Rank: 95
CGSD Omega Ratio Rank: 95
CGSD Calmar Ratio Rank: 86
CGSD Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SLON vs. CGSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Solana ETF (SLON) and Capital Group Short Duration Income ETF (CGSD). 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	CGSD	Difference
Sharpe ratio: Return per unit of total volatility	-0.63	2.61	-3.24
Sortino ratio: Return per unit of downside risk	-1.36	4.09	-5.45
Omega ratio: Gain probability vs. loss probability	0.85	1.53	-0.68
Calmar ratio: Return relative to maximum drawdown	-0.95	3.38	-4.33
Martin ratio: Return relative to average drawdown	-1.19	15.73	-16.92

SLON vs. CGSD - Sharpe Ratio Comparison

The current SLON Sharpe Ratio is -0.63, which is lower than the CGSD Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of SLON and CGSD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SLON vs. CGSD - Drawdown Comparison

The maximum SLON drawdown since its inception was -96.31%, which is greater than CGSD's maximum drawdown of -1.75%. Use the drawdown chart below to compare losses from any high point for SLON and CGSD.

Drawdown Indicators

	SLON	CGSD	Difference
Max Drawdown Largest peak-to-trough decline	-96.31%	-1.75%	-94.56%
Max Drawdown (1Y) Largest decline over 1 year	-96.31%	-1.11%	-95.20%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.11%	—
Current Drawdown Current decline from peak	-95.38%	-0.03%	-95.35%
Average Drawdown Average peak-to-trough decline	-68.35%	-0.28%	-68.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	77.06%	0.24%	+76.82%

Volatility

SLON vs. CGSD - Volatility Comparison

ProShares Ultra Solana ETF (SLON) has a higher volatility of 23.28% compared to Capital Group Short Duration Income ETF (CGSD) at 0.42%. This indicates that SLON's price experiences larger fluctuations and is considered to be riskier than CGSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLON	CGSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.28%	0.42%	+22.86%
Volatility (6M) Calculated over the trailing 6-month period	100.99%	1.10%	+99.89%
Volatility (1Y) Calculated over the trailing 1-year period	144.72%	1.45%	+143.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.74%	2.14%	+142.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.74%	2.14%	+142.60%

SLON vs. CGSD - Expense Ratio Comparison

SLON has a 2.14% expense ratio, which is higher than CGSD's 0.25% expense ratio.

Dividends

SLON vs. CGSD - Dividend Comparison

SLON's dividend yield for the trailing twelve months is around 23.34%, more than CGSD's 4.46% yield.

Position	TTM	2025	2024	2023	2022
CGSD Capital Group Short Duration Income ETF	4.46%	4.48%	4.57%	4.43%	0.64%
SLON ProShares Ultra Solana ETF	23.34%	5.74%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SLON and CGSD in my portfolio?

SLON and CGSD have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLON or CGSD?

SLON has higher volatility (23.28%) compared to CGSD (0.42%). In terms of maximum drawdown, SLON dropped -96.31% vs CGSD's -1.75%.

Which ETF is better, SLON or CGSD?

On 1-year performance, CGSD leads with 3.28% vs -90.71% for SLON. On fees, CGSD is cheaper at 0.25% per year. On volatility, CGSD has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SLON or CGSD?

Over the 1-year period, CGSD has performed better with a 3.28% return vs -90.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SLON or CGSD?

CGSD is cheaper with a 0.25% expense ratio, compared with 2.14% for SLON.

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

SLON has the higher dividend yield at 23.34%, compared with 4.46% for CGSD.

What is the main difference between SLON and CGSD?

SLON is categorized as Cryptocurrency, while CGSD is Short-Term Bond. They also come from different issuers: ProShares and Capital Group. Their fees differ too: 2.14% for SLON and 0.25% for CGSD.

Which has better risk-adjusted returns?

CGSD currently has the higher Sharpe Ratio (2.61 vs -0.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.