SLON vs. COMT

Last updated Jul 17, 2026

SLON (ProShares Ultra Solana ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - SLON is a Cryptocurrency fund tracking the Bloomberg Solana Index, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. Both are passively managed. Over the past year, SLON returned -91.50% vs 33.20% for COMT. At a correlation of -0.03, they often move in opposite directions. SLON charges 2.14%/yr vs 0.48%/yr for COMT.

Performance

SLON vs. COMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Solana ETF (SLON) and iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLON achieves a -73.34% return, which is significantly lower than COMT's 30.19% return.

SLON

• 1D: -3.36%
• 1M: 2.08%
• 6M: -79.21%
• YTD: -73.34%
• 1Y: -91.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COMT

• 1D: -0.49%
• 1M: 2.53%
• 6M: 26.18%
• YTD: 30.19%
• 1Y: 33.20%
• 3Y*: 12.71%
• 5Y*: 11.75%
• 10Y*: 8.33%

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

SLON vs. COMT - Yearly Performance Comparison

	2026 (YTD)	2025
SLON ProShares Ultra Solana ETF	-73.34%	-62.89%
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	30.19%	2.39%

Correlation

The correlation between SLON and COMT is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	-0.03

Return for Risk

SLON vs. COMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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

COMT

COMT Risk / Return Rank: 52
COMT Sharpe Ratio Rank: 57
COMT Sortino Ratio Rank: 55
COMT Omega Ratio Rank: 54
COMT Calmar Ratio Rank: 45
COMT Martin Ratio Rank: 47

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. COMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Solana ETF (SLON) and iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT). 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	COMT	Difference
Sharpe ratio: Return per unit of total volatility	-0.63	1.55	-2.17
Sortino ratio: Return per unit of downside risk	-1.31	2.13	-3.45
Omega ratio: Gain probability vs. loss probability	0.86	1.27	-0.42
Calmar ratio: Return relative to maximum drawdown	-0.95	1.90	-2.85
Martin ratio: Return relative to average drawdown	-1.22	6.35	-7.57

SLON vs. COMT - Sharpe Ratio Comparison

The current SLON Sharpe Ratio is -0.63, which is lower than the COMT Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of SLON and COMT, 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. COMT - Drawdown Comparison

The maximum SLON drawdown since its inception was -96.31%, which is greater than COMT's maximum drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for SLON and COMT.

Drawdown Indicators

	SLON	COMT	Difference
Max Drawdown Largest peak-to-trough decline	-96.31%	-51.89%	-44.42%
Max Drawdown (1Y) Largest decline over 1 year	-96.31%	-17.57%	-78.74%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.22%	—
Current Drawdown Current decline from peak	-94.99%	-11.28%	-83.71%
Average Drawdown Average peak-to-trough decline	-67.19%	-23.95%	-43.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	74.75%	5.24%	+69.51%

Volatility

SLON vs. COMT - Volatility Comparison

ProShares Ultra Solana ETF (SLON) has a higher volatility of 36.69% compared to iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) at 5.91%. This indicates that SLON's price experiences larger fluctuations and is considered to be riskier than COMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLON	COMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.69%	5.91%	+30.78%
Volatility (6M) Calculated over the trailing 6-month period	105.49%	19.67%	+85.82%
Volatility (1Y) Calculated over the trailing 1-year period	147.41%	21.54%	+125.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	147.12%	21.20%	+125.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	147.12%	18.85%	+128.27%

SLON vs. COMT - Expense Ratio Comparison

SLON has a 2.14% expense ratio, which is higher than COMT's 0.48% expense ratio.

Dividends

SLON vs. COMT - Dividend Comparison

SLON's dividend yield for the trailing twelve months is around 21.54%, more than COMT's 5.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	5.95%	7.74%	4.90%	5.19%	29.79%	17.79%	0.36%	2.61%	11.65%	5.16%	0.52%	1.44%
SLON ProShares Ultra Solana ETF	21.54%	5.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SLON and COMT in my portfolio?

SLON and COMT have a correlation of -0.03, 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 COMT?

SLON has higher volatility (36.69%) compared to COMT (5.91%). In terms of maximum drawdown, SLON dropped -96.31% vs COMT's -51.89%.

Which ETF is better, SLON or COMT?

On 1-year performance, COMT leads with 33.20% vs -91.50% for SLON. On fees, COMT is cheaper at 0.48% per year. On volatility, COMT has been the lower-risk option at 5.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SLON or COMT?

Over the 1-year period, COMT has performed better with a 33.20% return vs -91.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SLON or COMT?

COMT is cheaper with a 0.48% expense ratio, compared with 2.14% for SLON.

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

SLON has the higher dividend yield at 21.54%, compared with 5.95% for COMT.

What is the main difference between SLON and COMT?

SLON is categorized as Cryptocurrency, while COMT is Commodities. SLON tracks Bloomberg Solana Index, while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 2.14% for SLON and 0.48% for COMT.

Which has better risk-adjusted returns?

COMT currently has the higher Sharpe Ratio (1.55 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.