SOLZ vs. SLON

Last updated Jul 9, 2026

SOLZ (Solana ETF) and SLON (ProShares Ultra Solana ETF) are both Cryptocurrency funds. SOLZ is actively managed, while SLON is passively managed. With a 1.00 correlation, they move nearly in lockstep. SOLZ charges 0.95%/yr vs 2.14%/yr for SLON.

Performance

SOLZ vs. SLON - Performance Comparison

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

Returns By Period

In the year-to-date period, SOLZ achieves a -38.47% return, which is significantly higher than SLON's -72.12% return.

SOLZ

• 1D: -4.91%
• 1M: 14.68%
• 6M: -43.61%
• YTD: -38.47%
• 1Y: -53.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SLON

• 1D: -9.61%
• 1M: 25.98%
• 6M: -76.40%
• YTD: -72.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLZ vs. SLON - Yearly Performance Comparison

	2026 (YTD)	2025
SOLZ Solana ETF	-38.47%	-29.64%
SLON ProShares Ultra Solana ETF	-72.12%	-62.89%

Correlation

The correlation between SOLZ and SLON 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

SOLZ vs. SLON — Risk / Return Rank

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

SOLZ

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

SLON

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

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.

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 ratio: Return per unit of total volatility	-0.71	—	—
Sortino ratio: Return per unit of downside risk	-0.91	—	—
Omega ratio: Gain probability vs. loss probability	0.90	—	—
Calmar ratio: Return relative to maximum drawdown	-0.70	—	—
Martin ratio: Return relative to average drawdown	-1.04	—	—

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.

Drawdown Indicators

	SOLZ	SLON	Difference
Max Drawdown Largest peak-to-trough decline	-75.68%	-96.31%	+20.63%
Max Drawdown (1Y) Largest decline over 1 year	-75.68%	—	—
Current Drawdown Current decline from peak	-70.27%	-94.76%	+24.49%
Average Drawdown Average peak-to-trough decline	-36.73%	-66.52%	+29.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.89%	—	—

Volatility

Volatility by Period

	SOLZ	SLON	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	52.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	74.61%	148.57%	-73.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.59%	148.57%	-71.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.59%	148.57%	-71.98%

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 3.49%, less than SLON's 20.59% yield.

Position	TTM	2025
SLON ProShares Ultra Solana ETF	20.59%	5.74%
SOLZ Solana ETF	3.49%	1.75%

Frequently Asked Questions

Can I hold both SOLZ and SLON in my portfolio?

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.

Which ETF is better, SOLZ or SLON?

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, SOLZ or SLON?

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

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

SLON has the higher dividend yield at 20.59%, compared with 3.49% for SOLZ.

What is the main difference between SOLZ and SLON?

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