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 Total Return. Both are passively managed. Over the past year, SLON returned -90.51% vs 40.97% for DJP. Their -0.02 correlation means they have often moved in opposite directions in the past. 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 -74.87% return, which is significantly lower than DJP's 25.98% return.
SLON
- 1D
- 2.15%
- 1M
- -17.19%
- 6M
- -61.81%
- YTD
- -74.87%
- 1Y
- -90.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -89.53%
DJP
- 1D
- 0.02%
- 1M
- 8.69%
- 6M
- 18.33%
- YTD
- 25.98%
- 1Y
- 40.97%
- 3Y*
- 13.27%
- 5Y*
- 11.22%
- 10Y*
- 7.63%
- ALL TIME*
- -0.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.78M | $2.43M | $3.70M | |
| $656.95K | $744.85K | $1.18M |
SLON vs. DJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLON ProShares Ultra Solana ETF | -74.87% | -62.89% |
DJP iPath Bloomberg Commodity Index Total Return ETN | 25.98% | 8.61% |
Correlation
The correlation between SLON and DJP is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
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
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 | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -3.88 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.36 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 2.47 | -3.41 |
| Martin ratioReturn relative to average drawdown | -1.17 | 7.89 | -9.06 |
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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 | -96.31% | -16.42% | -79.89% |
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 | -95.28% | -35.21% | -60.07% |
Average DrawdownAverage peak-to-trough decline | -68.45% | -50.74% | -17.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 77.28% | 5.13% | +72.15% |
Volatility
SLON vs. DJP - Volatility Comparison
ProShares Ultra Solana ETF (SLON) has a higher volatility of 21.26% compared to iPath Bloomberg Commodity Index Total Return ETN (DJP) at 5.94%. This indicates that SLON's price experiences larger fluctuations and is considered to be riskier than DJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLON | DJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.26% | 5.94% | +15.32% |
Volatility (6M)Calculated over the trailing 6-month period | 101.03% | 17.00% | +84.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 144.71% | 19.73% | +124.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 144.49% | 19.02% | +125.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.49% | 17.09% | +127.40% |
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 22.84%, 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 | 22.84% | 5.74% |
Frequently Asked Questions
SLON and DJP 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.
SLON has higher volatility (21.26%) compared to DJP (5.94%). In terms of maximum drawdown, SLON dropped -96.31% vs DJP's -78.35%.
On 1-year performance, DJP leads with 40.97% vs -90.51% for SLON. On fees, DJP is cheaper at 0.70% per year. On volatility, DJP has been the lower-risk option at 5.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DJP has performed better with a 40.97% return vs -90.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DJP is cheaper with a 0.70% expense ratio, compared with 2.14% for SLON.
SLON has the higher dividend yield at 22.84%, 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 Total Return. They also come from different issuers: ProShares and Barclays Bank PLC. Their fees differ too: 2.14% for SLON and 0.70% for DJP.
DJP currently has the higher Sharpe Ratio (2.06 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.
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