SLON vs. SOLZ
SLON (ProShares Ultra Solana ETF) and SOLZ (Solana ETF) are both Cryptocurrency funds. SLON is passively managed, while SOLZ is actively managed. With a 1.00 correlation, they move nearly in lockstep. SLON charges 2.14%/yr vs 0.95%/yr for SOLZ.
Performance
SLON vs. SOLZ - 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 SOLZ's -42.90% return.
SLON
- 1D
- -9.37%
- 1M
- -30.10%
- YTD
- -74.41%
- 6M
- -81.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOLZ
- 1D
- -4.69%
- 1M
- -15.18%
- YTD
- -42.90%
- 6M
- -50.08%
- 1Y
- -59.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLON vs. SOLZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLON ProShares Ultra Solana ETF | -74.41% | -62.58% |
SOLZ Solana ETF | -42.90% | -27.98% |
Correlation
The correlation between SLON and SOLZ 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 Jul 16, 2025 | 1.00 |
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Return for Risk
SLON vs. SOLZ — Risk / Return Rank
SLON
SOLZ
SLON vs. SOLZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Solana ETF (SLON) and Solana ETF (SOLZ). 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 | SOLZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.63 | -0.58 | -0.06 |
Drawdowns
SLON vs. SOLZ - Drawdown Comparison
The maximum SLON drawdown since its inception was -95.19%, which is greater than SOLZ's maximum drawdown of -72.41%. Use the drawdown chart below to compare losses from any high point for SLON and SOLZ.
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Drawdown Indicators
| SLON | SOLZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.19% | -72.41% | -22.78% |
Max Drawdown (1Y)Largest decline over 1 year | — | -72.41% | — |
Current DrawdownCurrent decline from peak | -95.19% | -72.41% | -22.78% |
Average DrawdownAverage peak-to-trough decline | -63.84% | -34.11% | -29.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 46.03% | — |
Volatility
SLON vs. SOLZ - Volatility Comparison
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Volatility by Period
| SLON | SOLZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 16.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 50.76% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 146.78% | 74.02% | +72.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.78% | 76.07% | +70.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.78% | 76.07% | +70.71% |
SLON vs. SOLZ - Expense Ratio Comparison
SLON has a 2.14% expense ratio, which is higher than SOLZ's 0.95% expense ratio.
Dividends
SLON vs. SOLZ - Dividend Comparison
SLON's dividend yield for the trailing twelve months is around 22.44%, more than SOLZ's 3.92% yield.
| Position | TTM | 2025 |
|---|---|---|
SLON ProShares Ultra Solana ETF | 22.44% | 5.74% |
SOLZ Solana ETF | 3.92% | 1.75% |
Frequently Asked Questions
With a correlation of 1.00, SLON and SOLZ 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.
On fees, SOLZ is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SOLZ 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 3.92% for SOLZ.
They also come from different issuers: ProShares and Volatility Shares. Their fees differ too: 2.14% for SLON and 0.95% for SOLZ.
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