SLON vs. SOLZ

Last updated Jun 24, 2026

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

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Solana ETF (SLON) and Solana ETF (SOLZ). 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 SOLZ's -45.34% return.

SLON

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

SOLZ

• 1D: -5.43%
• 1M: -18.83%
• YTD: -45.34%
• 6M: -45.51%
• 1Y: -55.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SLON vs. SOLZ - Yearly Performance Comparison

	2026 (YTD)	2025
SLON ProShares Ultra Solana ETF	-77.64%	-62.89%
SOLZ Solana ETF	-45.34%	-29.64%

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 15, 2025	1.00

Return for Risk

SLON vs. SOLZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SLON

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

SOLZ

SOLZ Risk / Return Rank: 3
SOLZ Sharpe Ratio Rank: 3
SOLZ Sortino Ratio Rank: 3
SOLZ Omega Ratio Rank: 3
SOLZ Calmar Ratio Rank: 3
SOLZ Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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	SOLZ	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.74	—
Sortino ratio: Return per unit of downside risk	—	-0.98	—
Omega ratio: Gain probability vs. loss probability	—	0.89	—
Calmar ratio: Return relative to maximum drawdown	—	-0.73	—
Martin ratio: Return relative to average drawdown	—	-1.13	—

Drawdowns

SLON vs. SOLZ - Drawdown Comparison

The maximum SLON drawdown since its inception was -96.31%, which is greater than SOLZ's maximum drawdown of -75.68%. Use the drawdown chart below to compare losses from any high point for SLON and SOLZ.

Drawdown Indicators

	SLON	SOLZ	Difference
Max Drawdown Largest peak-to-trough decline	-96.31%	-75.68%	-20.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-75.68%	—
Current Drawdown Current decline from peak	-95.80%	-73.59%	-22.21%
Average Drawdown Average peak-to-trough decline	-65.32%	-35.64%	-29.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	48.89%	—

Volatility

Volatility by Period

	SLON	SOLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	22.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	51.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	148.14%	74.66%	+73.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.14%	76.60%	+71.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.14%	76.60%	+71.54%

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 25.68%, more than SOLZ's 4.29% yield.

Position	TTM	2025
SLON ProShares Ultra Solana ETF	25.68%	5.74%
SOLZ Solana ETF	4.29%	1.75%

Frequently Asked Questions

Can I hold both SLON and SOLZ in my portfolio?

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.

Which ETF is better, SLON or SOLZ?

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.

Which ETF is cheaper, SLON or SOLZ?

SOLZ is cheaper with a 0.95% expense ratio, compared with 2.14% for SLON.

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

SLON has the higher dividend yield at 25.68%, compared with 4.29% for SOLZ.

What is the main difference between SLON and SOLZ?

They also come from different issuers: ProShares and Volatility Shares. Their fees differ too: 2.14% for SLON and 0.95% for SOLZ.