SLON vs. DJP
SLON (ProShares Ultra Solana ETF) and DJP (iPath Bloomberg Commodity Index Total Return ETN) are both exchange-traded funds - SLON is a Cryptocurrency fund tracking the Bloomberg Solana Index, while DJP is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. At a correlation of -0.02, they often move in opposite directions. SLON charges 2.14%/yr vs 0.70%/yr for DJP.
Performance
SLON vs. DJP - Performance Comparison
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Returns By Period
In the year-to-date period, SLON achieves a -73.75% return, which is significantly lower than DJP's 22.44% return.
SLON
- 1D
- -7.63%
- 1M
- 21.56%
- 6M
- -79.21%
- YTD
- -73.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DJP
- 1D
- 2.11%
- 1M
- 0.13%
- 6M
- 17.35%
- YTD
- 22.44%
- 1Y
- 32.25%
- 3Y*
- 13.28%
- 5Y*
- 11.16%
- 10Y*
- 6.74%
SLON vs. DJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLON ProShares Ultra Solana ETF | -73.75% | -62.89% |
DJP iPath Bloomberg Commodity Index Total Return ETN | 22.44% | 8.61% |
Correlation
The correlation between SLON and DJP is -0.02, 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 (All Time) Calculated using the full available price history since Jul 15, 2025 | -0.02 |
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Return for Risk
SLON vs. DJP — Risk / Return Rank
SLON
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DJP
SLON vs. DJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Solana ETF (SLON) and iPath Bloomberg Commodity Index Total Return ETN (DJP). 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 | DJP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.97 | — |
| Martin ratioReturn relative to average drawdown | — | 6.55 | — |
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Drawdowns
SLON vs. DJP - Drawdown Comparison
The maximum SLON drawdown since its inception was -96.31%, which is greater than DJP's maximum drawdown of -78.35%. Use the drawdown chart below to compare losses from any high point for SLON and DJP.
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Drawdown Indicators
| SLON | DJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.31% | -78.35% | -17.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.42% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.36% | — |
Current DrawdownCurrent decline from peak | -95.07% | -37.03% | -58.04% |
Average DrawdownAverage peak-to-trough decline | -66.86% | -50.79% | -16.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.93% | — |
Volatility
SLON vs. DJP - Volatility Comparison
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Volatility by Period
| SLON | DJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.42% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 147.87% | 19.44% | +128.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 147.87% | 19.01% | +128.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 147.87% | 17.05% | +130.82% |
SLON vs. DJP - Expense Ratio Comparison
SLON has a 2.14% expense ratio, which is higher than DJP's 0.70% expense ratio.
Dividends
SLON vs. DJP - Dividend Comparison
SLON's dividend yield for the trailing twelve months is around 21.87%, while DJP has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
DJP iPath Bloomberg Commodity Index Total Return ETN | 0.00% | 0.00% |
SLON ProShares Ultra Solana ETF | 21.87% | 5.74% |
Frequently Asked Questions
SLON and DJP have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DJP is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DJP is cheaper with a 0.70% expense ratio, compared with 2.14% for SLON.
SLON has the higher dividend yield at 21.87%, compared with 0.00% for DJP.
SLON is categorized as Cryptocurrency, while DJP is Commodities. SLON tracks Bloomberg Solana Index, while DJP tracks Bloomberg Commodity Index. They also come from different issuers: ProShares and Barclays Capital. Their fees differ too: 2.14% for SLON and 0.70% for DJP.
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