SLON vs. ETHD
SLON (ProShares Ultra Solana ETF) and ETHD (ProShares UltraShort Ether ETF) are both Cryptocurrency funds from ProShares. SLON is passively managed, while ETHD is actively managed. At a correlation of -0.88, they often move in opposite directions. SLON charges 2.14%/yr vs 1.01%/yr for ETHD.
Performance
SLON vs. ETHD - Performance Comparison
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Returns By Period
In the year-to-date period, SLON achieves a -77.64% return, which is significantly lower than ETHD's 75.32% return.
SLON
- 1D
- -11.08%
- 1M
- -37.46%
- YTD
- -77.64%
- 6M
- -77.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHD
- 1D
- 8.45%
- 1M
- 38.06%
- YTD
- 75.32%
- 6M
- 75.17%
- 1Y
- -49.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLON vs. ETHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLON ProShares Ultra Solana ETF | -77.64% | -62.89% |
ETHD ProShares UltraShort Ether ETF | 75.32% | -47.91% |
Correlation
The correlation between SLON and ETHD is -0.88, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | -0.88 |
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Return for Risk
SLON vs. ETHD — Risk / Return Rank
SLON
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ETHD
SLON vs. ETHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Solana ETF (SLON) and ProShares UltraShort Ether ETF (ETHD). 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 | ETHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.03 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.60 | — |
| Martin ratioReturn relative to average drawdown | — | -0.77 | — |
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Drawdowns
SLON vs. ETHD - Drawdown Comparison
The maximum SLON drawdown since its inception was -96.31%, roughly equal to the maximum ETHD drawdown of -95.59%. Use the drawdown chart below to compare losses from any high point for SLON and ETHD.
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Drawdown Indicators
| SLON | ETHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.31% | -95.59% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -82.01% | — |
Current DrawdownCurrent decline from peak | -95.80% | -86.30% | -9.50% |
Average DrawdownAverage peak-to-trough decline | -65.32% | -66.40% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 66.92% | — |
Volatility
SLON vs. ETHD - Volatility Comparison
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Volatility by Period
| SLON | ETHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 39.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 93.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 148.14% | 137.55% | +10.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 148.14% | 142.54% | +5.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 148.14% | 142.54% | +5.60% |
SLON vs. ETHD - Expense Ratio Comparison
SLON has a 2.14% expense ratio, which is higher than ETHD's 1.01% expense ratio.
Dividends
SLON vs. ETHD - Dividend Comparison
SLON's dividend yield for the trailing twelve months is around 25.68%, more than ETHD's 9.98% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETHD ProShares UltraShort Ether ETF | 9.98% | 156.62% | 19.15% |
SLON ProShares Ultra Solana ETF | 25.68% | 5.74% | 0.00% |
Frequently Asked Questions
SLON and ETHD 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, ETHD is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETHD is cheaper with a 1.01% expense ratio, compared with 2.14% for SLON.
SLON has the higher dividend yield at 25.68%, compared with 9.98% for ETHD.
Their fees differ too: 2.14% for SLON and 1.01% for ETHD.
Find the right allocation for SLON and ETHD
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