SLON vs. GSG
SLON (ProShares Ultra Solana ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - SLON is a Cryptocurrency fund tracking the Bloomberg Solana Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past year, SLON returned -91.50% vs 37.41% for GSG. At a correlation of -0.04, they often move in opposite directions. SLON charges 2.14%/yr vs 0.75%/yr for GSG.
Performance
SLON vs. GSG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SLON achieves a -73.34% return, which is significantly lower than GSG's 33.95% return.
SLON
- 1D
- -3.36%
- 1M
- 2.08%
- 6M
- -79.21%
- YTD
- -73.34%
- 1Y
- -91.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- -0.93%
- 1M
- 4.15%
- 6M
- 29.74%
- YTD
- 33.95%
- 1Y
- 37.41%
- 3Y*
- 15.32%
- 5Y*
- 14.20%
- 10Y*
- 7.61%
SLON vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLON ProShares Ultra Solana ETF | -73.34% | -62.89% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 33.95% | 2.72% |
Correlation
The correlation between SLON and GSG is -0.04, 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 (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | -0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SLON vs. GSG — Risk / Return Rank
SLON
GSG
SLON vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Solana ETF (SLON) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -3.51 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.29 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 2.00 | -2.95 |
| Martin ratioReturn relative to average drawdown | -1.22 | 6.66 | -7.88 |
Loading charts...
Drawdowns
SLON vs. GSG - Drawdown Comparison
The maximum SLON drawdown since its inception was -96.31%, which is greater than GSG's maximum drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SLON and GSG.
Loading charts...
Drawdown Indicators
| SLON | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.31% | -89.62% | -6.69% |
Max Drawdown (1Y)Largest decline over 1 year | -96.31% | -18.81% | -77.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -94.99% | -59.56% | -35.43% |
Average DrawdownAverage peak-to-trough decline | -67.19% | -63.68% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.75% | 5.63% | +69.12% |
Volatility
SLON vs. GSG - Volatility Comparison
ProShares Ultra Solana ETF (SLON) has a higher volatility of 36.69% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 7.17%. This indicates that SLON's price experiences larger fluctuations and is considered to be riskier than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SLON | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.69% | 7.17% | +29.52% |
Volatility (6M)Calculated over the trailing 6-month period | 105.49% | 21.54% | +83.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 147.41% | 23.48% | +123.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 147.12% | 22.80% | +124.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 147.12% | 22.00% | +125.12% |
SLON vs. GSG - Expense Ratio Comparison
SLON has a 2.14% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
SLON vs. GSG - Dividend Comparison
SLON's dividend yield for the trailing twelve months is around 21.54%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% |
SLON ProShares Ultra Solana ETF | 21.54% | 5.74% |
Frequently Asked Questions
SLON and GSG have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLON has higher volatility (36.69%) compared to GSG (7.17%). In terms of maximum drawdown, SLON dropped -96.31% vs GSG's -89.62%.
On 1-year performance, GSG leads with 37.41% vs -91.50% for SLON. On fees, GSG is cheaper at 0.75% per year. On volatility, GSG has been the lower-risk option at 7.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GSG has performed better with a 37.41% return vs -91.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSG is cheaper with a 0.75% expense ratio, compared with 2.14% for SLON.
SLON has the higher dividend yield at 21.54%, compared with 0.00% for GSG.
SLON is categorized as Cryptocurrency, while GSG is Commodities. SLON tracks Bloomberg Solana Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 2.14% for SLON and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.60 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.
Find the right allocation for SLON and GSG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer