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. 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
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Returns By Period
In the year-to-date period, SOLZ achieves a -45.08% return, which is significantly higher than SLON's -76.74% return.
SOLZ
- 1D
- -3.82%
- 1M
- -20.48%
- YTD
- -45.08%
- 6M
- -51.54%
- 1Y
- -59.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLON
- 1D
- -9.11%
- 1M
- -39.41%
- YTD
- -76.74%
- 6M
- -82.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOLZ vs. SLON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLZ Solana ETF | -45.08% | -27.98% |
SLON ProShares Ultra Solana ETF | -76.74% | -62.58% |
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 16, 2025 | 1.00 |
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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.
| SOLZ | SLON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.87 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | — | — |
| Martin ratioReturn relative to average drawdown | -1.29 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOLZ | SLON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.60 | -0.64 | +0.04 |
Drawdowns
SOLZ vs. SLON - Drawdown Comparison
The maximum SOLZ drawdown since its inception was -73.46%, smaller than the maximum SLON drawdown of -95.63%. 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 | -73.46% | -95.63% | +22.17% |
Max Drawdown (1Y)Largest decline over 1 year | -73.46% | — | — |
Current DrawdownCurrent decline from peak | -73.46% | -95.63% | +22.17% |
Average DrawdownAverage peak-to-trough decline | -34.24% | -63.98% | +29.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.26% | — | — |
Volatility
SOLZ vs. SLON - Volatility Comparison
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Volatility by Period
| SOLZ | SLON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.04% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 49.52% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.90% | 146.73% | -72.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.02% | 146.73% | -70.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.02% | 146.73% | -70.71% |
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 4.08%, less than SLON's 24.69% yield.
| Position | TTM | 2025 |
|---|---|---|
SLON ProShares Ultra Solana ETF | 24.69% | 5.74% |
SOLZ Solana ETF | 4.08% | 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.
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 24.69%, compared with 4.08% 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.
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