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. Over the past year, SLON returned -90.51% vs -45.97% for ETH. Their correlation of 0.88 means they have usually moved in the same direction. 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 -74.87% return, which is significantly lower than ETH's -36.49% return.
SLON
- 1D
- 2.15%
- 1M
- -17.19%
- 6M
- -61.81%
- YTD
- -74.87%
- 1Y
- -90.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -89.53%
ETH
- 1D
- 0.11%
- 1M
- 10.14%
- 6M
- -18.78%
- YTD
- -36.49%
- 1Y
- -45.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $31.27M | $33.28M | $46.00M | |
| $656.95K | $744.85K | $1.18M |
SLON vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLON ProShares Ultra Solana ETF | -74.87% | -62.89% |
ETH Grayscale Ethereum Staking Mini ETF | -36.49% | -0.81% |
Correlation
The correlation between SLON and ETH is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.88 |
The correlation between SLON and ETH has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.
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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.
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 | ETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.91 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.68 | -0.26 |
| Martin ratioReturn relative to average drawdown | -1.17 | -1.02 | -0.15 |
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Drawdowns
SLON vs. ETH - Drawdown Comparison
The maximum SLON drawdown since its inception was -96.31%, which is greater than ETH's maximum drawdown of -67.52%. 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 | -96.31% | -67.52% | -28.79% |
Max Drawdown (1Y)Largest decline over 1 year | -96.31% | -67.52% | -28.79% |
Current DrawdownCurrent decline from peak | -95.28% | -60.89% | -34.39% |
Average DrawdownAverage peak-to-trough decline | -68.45% | -35.09% | -33.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 77.28% | 45.23% | +32.05% |
Volatility
SLON vs. ETH - Volatility Comparison
ProShares Ultra Solana ETF (SLON) has a higher volatility of 21.26% compared to Grayscale Ethereum Staking Mini ETF (ETH) at 12.23%. This indicates that SLON's price experiences larger fluctuations and is considered to be riskier than ETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLON | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.26% | 12.23% | +9.03% |
Volatility (6M)Calculated over the trailing 6-month period | 101.03% | 45.64% | +55.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 144.71% | 67.03% | +77.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 144.49% | 71.15% | +73.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.49% | 71.15% | +73.34% |
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 22.84%, 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 | 22.84% | 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.
SLON has higher volatility (21.26%) compared to ETH (12.23%). In terms of maximum drawdown, SLON dropped -96.31% vs ETH's -67.52%.
On 1-year performance, ETH leads with -45.97% vs -90.51% for SLON. On fees, ETH is cheaper at 0.15% per year. On volatility, ETH has been the lower-risk option at 12.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ETH has performed better with a -45.97% return vs -90.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETH is cheaper with a 0.15% expense ratio, compared with 2.14% for SLON.
SLON has the higher dividend yield at 22.84%, 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.
SLON currently has the higher Sharpe Ratio (-0.63 vs -0.69), 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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