SLON vs. ETH
SLON (ProShares Ultra Solana ETF) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. SLON is passively managed, while ETH is actively managed. Their correlation of 0.88 suggests significant overlap in exposure. SLON charges 2.14%/yr vs 0.15%/yr for ETH.
Performance
SLON vs. ETH - Performance Comparison
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Returns By Period
In the year-to-date period, SLON achieves a -74.41% return, which is significantly lower than ETH's -38.95% return.
SLON
- 1D
- -9.37%
- 1M
- -30.10%
- YTD
- -74.41%
- 6M
- -81.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH
- 1D
- -5.52%
- 1M
- -23.42%
- YTD
- -38.95%
- 6M
- -42.17%
- 1Y
- -30.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLON vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLON ProShares Ultra Solana ETF | -74.41% | -62.58% |
ETH Grayscale Ethereum Staking Mini ETF | -38.95% | -2.16% |
Correlation
The correlation between SLON and ETH is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025 | 0.88 |
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Return for Risk
SLON vs. ETH — Risk / Return Rank
SLON
ETH
SLON vs. ETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Solana ETF (SLON) and Grayscale Ethereum Staking Mini ETF (ETH). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| SLON | ETH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.63 | -0.41 | -0.23 |
Drawdowns
SLON vs. ETH - Drawdown Comparison
The maximum SLON drawdown since its inception was -95.19%, which is greater than ETH's maximum drawdown of -64.01%. Use the drawdown chart below to compare losses from any high point for SLON and ETH.
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Drawdown Indicators
| SLON | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.19% | -64.01% | -31.18% |
Max Drawdown (1Y)Largest decline over 1 year | — | -62.40% | — |
Current DrawdownCurrent decline from peak | -95.19% | -62.40% | -32.79% |
Average DrawdownAverage peak-to-trough decline | -63.84% | -32.58% | -31.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 37.50% | — |
Volatility
SLON vs. ETH - Volatility Comparison
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Volatility by Period
| SLON | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 46.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 146.78% | 68.34% | +78.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.78% | 72.26% | +74.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.78% | 72.26% | +74.52% |
SLON vs. ETH - Expense Ratio Comparison
SLON has a 2.14% expense ratio, which is higher than ETH's 0.15% expense ratio.
Dividends
SLON vs. ETH - Dividend Comparison
SLON's dividend yield for the trailing twelve months is around 22.44%, while ETH has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ETH Grayscale Ethereum Staking Mini ETF | 0.00% | 0.00% |
SLON ProShares Ultra Solana ETF | 22.44% | 5.74% |
Frequently Asked Questions
SLON and ETH have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETH is cheaper with a 0.15% expense ratio, compared with 2.14% for SLON.
SLON has the higher dividend yield at 22.44%, compared with 0.00% for ETH.
They also come from different issuers: ProShares and Grayscale. Their fees differ too: 2.14% for SLON and 0.15% for ETH.
Find the right allocation for SLON and ETH
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