SLON vs. SBIT
SLON (ProShares Ultra Solana ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both Cryptocurrency funds from ProShares - SLON tracks the Bloomberg Solana Index while SBIT tracks the Bloomberg Bitcoin Index (-200%). Both are passively managed. At a correlation of -0.87, they often move in opposite directions. SLON charges 2.14%/yr vs 0.95%/yr for SBIT.
Performance
SLON vs. SBIT - 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 SBIT's 37.02% return.
SLON
- 1D
- -9.37%
- 1M
- -30.10%
- YTD
- -74.41%
- 6M
- -81.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBIT
- 1D
- 5.42%
- 1M
- 46.58%
- YTD
- 37.02%
- 6M
- 52.37%
- 1Y
- 68.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLON vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLON ProShares Ultra Solana ETF | -74.41% | -62.58% |
SBIT Proshares Ultrashort Bitcoin ETF | 37.02% | 51.32% |
Correlation
The correlation between SLON and SBIT is -0.87, 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 16, 2025 | -0.87 |
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Return for Risk
SLON vs. SBIT — Risk / Return Rank
SLON
SBIT
SLON vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Solana ETF (SLON) and Proshares Ultrashort Bitcoin ETF (SBIT). 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 | SBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.63 | -0.46 | -0.17 |
Drawdowns
SLON vs. SBIT - Drawdown Comparison
The maximum SLON drawdown since its inception was -95.19%, roughly equal to the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for SLON and SBIT.
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Drawdown Indicators
| SLON | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.19% | -91.35% | -3.84% |
Max Drawdown (1Y)Largest decline over 1 year | — | -47.94% | — |
Current DrawdownCurrent decline from peak | -95.19% | -78.26% | -16.93% |
Average DrawdownAverage peak-to-trough decline | -63.84% | -68.55% | +4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 24.69% | — |
Volatility
SLON vs. SBIT - Volatility Comparison
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Volatility by Period
| SLON | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 68.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 146.78% | 87.18% | +59.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.78% | 97.47% | +49.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.78% | 97.47% | +49.31% |
SLON vs. SBIT - Expense Ratio Comparison
SLON has a 2.14% expense ratio, which is higher than SBIT's 0.95% expense ratio.
Dividends
SLON vs. SBIT - Dividend Comparison
SLON's dividend yield for the trailing twelve months is around 22.44%, more than SBIT's 3.42% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SBIT Proshares Ultrashort Bitcoin ETF | 3.42% | 0.52% | 1.00% |
SLON ProShares Ultra Solana ETF | 22.44% | 5.74% | 0.00% |
Frequently Asked Questions
SLON and SBIT have a correlation of -0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SBIT is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SBIT is cheaper with a 0.95% expense ratio, compared with 2.14% for SLON.
SLON has the higher dividend yield at 22.44%, compared with 3.42% for SBIT.
SLON tracks Bloomberg Solana Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). Their fees differ too: 2.14% for SLON and 0.95% for SBIT.
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