SLON vs. SOEZ

Last updated Jun 24, 2026

SLON (ProShares Ultra Solana ETF) and SOEZ (Franklin Solana ETF) are both Cryptocurrency funds. SLON is passively managed, while SOEZ is actively managed. With a 1.00 correlation, they move nearly in lockstep. SLON charges 2.14%/yr vs 0.19%/yr for SOEZ.

Performance

SLON vs. SOEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Solana ETF (SLON) and Franklin Solana ETF (SOEZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLON achieves a -77.64% return, which is significantly lower than SOEZ's -43.08% return.

SLON

• 1D: -11.08%
• 1M: -37.46%
• YTD: -77.64%
• 6M: -77.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOEZ

• 1D: -5.25%
• 1M: -18.15%
• YTD: -43.08%
• 6M: -43.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SLON vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)	2025
SLON ProShares Ultra Solana ETF	-77.64%	-22.90%
SOEZ Franklin Solana ETF	-43.08%	-11.69%

Correlation

The correlation between SLON and SOEZ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	1.00

Return for Risk

SLON vs. SOEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Solana ETF (SLON) and Franklin Solana ETF (SOEZ). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

SLON vs. SOEZ - Drawdown Comparison

The maximum SLON drawdown since its inception was -96.31%, which is greater than SOEZ's maximum drawdown of -56.14%. Use the drawdown chart below to compare losses from any high point for SLON and SOEZ.

Drawdown Indicators

	SLON	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-96.31%	-56.14%	-40.17%
Current Drawdown Current decline from peak	-95.80%	-52.17%	-43.63%
Average Drawdown Average peak-to-trough decline	-65.32%	-32.60%	-32.72%

Volatility

Volatility by Period

	SLON	SOEZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	148.14%	70.83%	+77.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.14%	70.83%	+77.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.14%	70.83%	+77.31%

SLON vs. SOEZ - Expense Ratio Comparison

SLON has a 2.14% expense ratio, which is higher than SOEZ's 0.19% expense ratio.

Dividends

SLON vs. SOEZ - Dividend Comparison

SLON's dividend yield for the trailing twelve months is around 25.68%, more than SOEZ's 0.96% yield.

Position	TTM	2025
SLON ProShares Ultra Solana ETF	25.68%	5.74%
SOEZ Franklin Solana ETF	0.96%	0.00%

Frequently Asked Questions

Can I hold both SLON and SOEZ in my portfolio?

With a correlation of 1.00, SLON and SOEZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SLON or SOEZ?

On fees, SOEZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLON or SOEZ?

SOEZ is cheaper with a 0.19% expense ratio, compared with 2.14% for SLON.

Which ETF pays a higher dividend yield, SLON or SOEZ?

SLON has the higher dividend yield at 25.68%, compared with 0.96% for SOEZ.

What is the main difference between SLON and SOEZ?

They also come from different issuers: ProShares and Franklin. Their fees differ too: 2.14% for SLON and 0.19% for SOEZ.