SOLZ vs. SLON
SOLZ (Solana ETF) and SLON (ProShares Ultra Solana ETF) are both Cryptocurrency funds. SOLZ is actively managed, while SLON is passively managed. Over the past year, SOLZ returned -62.81% vs -92.36% for SLON. Their 1.00 correlation means they have historically moved very closely together. SOLZ charges 0.95%/yr vs 2.14%/yr for SLON.
Performance
SOLZ vs. SLON - Performance Comparison
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Returns By Period
In the year-to-date period, SOLZ achieves a -42.41% return, which is significantly higher than SLON's -75.77% return.
SOLZ
- 1D
- -2.29%
- 1M
- -4.56%
- 6M
- -42.81%
- YTD
- -42.41%
- 1Y
- -62.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -40.67%
SLON
- 1D
- -4.22%
- 1M
- -10.23%
- 6M
- -75.35%
- YTD
- -75.77%
- 1Y
- -92.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -90.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $597.18K | $915.69K | $1.19M | |
SOLZ Solana ETF | $5.01M | $5.69M | $8.57M |
SOLZ vs. SLON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLZ Solana ETF | -42.41% | -29.64% |
SLON ProShares Ultra Solana ETF | -75.77% | -62.89% |
Correlation
The correlation between SOLZ and SLON is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 1.00 |
The correlation between SOLZ and SLON has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
SOLZ vs. SLON — Risk / Return Rank
SOLZ
SLON
SOLZ vs. SLON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana ETF (SOLZ) and ProShares Ultra Solana ETF (SLON). 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.
| SOLZ | SLON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.84 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.96 | +0.13 |
| Martin ratioReturn relative to average drawdown | -1.17 | -1.20 | +0.03 |
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Drawdowns
SOLZ vs. SLON - Drawdown Comparison
The maximum SOLZ drawdown since its inception was -75.68%, smaller than the maximum SLON drawdown of -96.31%. Use the drawdown chart below to compare losses from any high point for SOLZ and SLON.
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Drawdown Indicators
| SOLZ | SLON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.68% | -96.31% | +20.63% |
Max Drawdown (1Y)Largest decline over 1 year | -75.68% | -96.31% | +20.63% |
Current DrawdownCurrent decline from peak | -72.17% | -95.45% | +23.28% |
Average DrawdownAverage peak-to-trough decline | -38.22% | -68.15% | +29.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.65% | 76.62% | -22.97% |
Volatility
SOLZ vs. SLON - Volatility Comparison
The current volatility for Solana ETF (SOLZ) is 12.42%, while ProShares Ultra Solana ETF (SLON) has a volatility of 24.82%. This indicates that SOLZ experiences smaller price fluctuations and is considered to be less risky than SLON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOLZ | SLON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.42% | 24.82% | -12.40% |
Volatility (6M)Calculated over the trailing 6-month period | 50.91% | 101.73% | -50.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.12% | 144.70% | -71.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.21% | 145.13% | -69.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.21% | 145.13% | -69.92% |
SOLZ vs. SLON - Expense Ratio Comparison
SOLZ has a 0.95% expense ratio, which is lower than SLON's 2.14% expense ratio.
Dividends
SOLZ vs. SLON - Dividend Comparison
SOLZ's dividend yield for the trailing twelve months is around 3.74%, less than SLON's 23.69% yield.
| Position | TTM | 2025 |
|---|---|---|
SLON ProShares Ultra Solana ETF | 23.69% | 5.74% |
SOLZ Solana ETF | 3.74% | 1.75% |
Frequently Asked Questions
With a correlation of 1.00, SOLZ and SLON 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.
SLON has higher volatility (24.82%) compared to SOLZ (12.42%). In terms of maximum drawdown, SOLZ dropped -75.68% vs SLON's -96.31%.
On 1-year performance, SOLZ leads with -62.81% vs -92.36% for SLON. On fees, SOLZ is cheaper at 0.95% per year. On volatility, SOLZ has been the lower-risk option at 12.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SOLZ has performed better with a -62.81% return vs -92.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOLZ is cheaper with a 0.95% expense ratio, compared with 2.14% for SLON.
SLON has the higher dividend yield at 23.69%, compared with 3.74% for SOLZ.
They also come from different issuers: Volatility Shares and ProShares. Their fees differ too: 0.95% for SOLZ and 2.14% for SLON.
SLON currently has the higher Sharpe Ratio (-0.64 vs -0.86), 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.
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