SLON vs. FDL
SLON (ProShares Ultra Solana ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - SLON is a Cryptocurrency fund tracking the Bloomberg Solana Index, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. Both are passively managed. At a 0.03 correlation, their price movements are largely independent. SLON charges 2.14%/yr vs 0.43%/yr for FDL.
Performance
SLON vs. FDL - 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 FDL's 12.67% return.
SLON
- 1D
- -11.08%
- 1M
- -37.46%
- YTD
- -77.64%
- 6M
- -77.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- 1.20%
- 1M
- -2.75%
- YTD
- 12.67%
- 6M
- 13.02%
- 1Y
- 22.39%
- 3Y*
- 19.10%
- 5Y*
- 13.08%
- 10Y*
- 11.12%
SLON vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLON ProShares Ultra Solana ETF | -77.64% | -62.89% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 12.67% | 5.15% |
Correlation
The correlation between SLON and FDL is 0.03, 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 | 0.03 |
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Return for Risk
SLON vs. FDL — Risk / Return Rank
SLON
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FDL
SLON vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Solana ETF (SLON) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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 | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.26 | — |
| Martin ratioReturn relative to average drawdown | — | 12.40 | — |
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Drawdowns
SLON vs. FDL - Drawdown Comparison
The maximum SLON drawdown since its inception was -96.31%, which is greater than FDL's maximum drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for SLON and FDL.
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Drawdown Indicators
| SLON | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.31% | -65.93% | -30.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.27% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.40% | — |
Current DrawdownCurrent decline from peak | -95.80% | -3.09% | -92.71% |
Average DrawdownAverage peak-to-trough decline | -65.32% | -9.64% | -55.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.81% | — |
Volatility
SLON vs. FDL - Volatility Comparison
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Volatility by Period
| SLON | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.72% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 148.14% | 11.54% | +136.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 148.14% | 14.31% | +133.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 148.14% | 17.11% | +131.03% |
SLON vs. FDL - Expense Ratio Comparison
SLON has a 2.14% expense ratio, which is higher than FDL's 0.43% expense ratio.
Dividends
SLON vs. FDL - Dividend Comparison
SLON's dividend yield for the trailing twelve months is around 25.68%, more than FDL's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.70% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
SLON ProShares Ultra Solana ETF | 25.68% | 5.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SLON and FDL 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.
On fees, FDL is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FDL is cheaper with a 0.43% expense ratio, compared with 2.14% for SLON.
SLON has the higher dividend yield at 25.68%, compared with 3.70% for FDL.
SLON is categorized as Cryptocurrency, while FDL is Large Cap Value Equities. SLON tracks Bloomberg Solana Index, while FDL tracks Morningstar Dividend Leaders Index. They also come from different issuers: ProShares and First Trust. Their fees differ too: 2.14% for SLON and 0.43% for FDL.
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