ProShares Ultra Solana ETF (SLON) Performance
SLON total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −55.3% since Dec 31, 2025
- 1 year
- −84.4% total return
- Since first price
- −83.3% since 2025
SLON trailing returns vs SPY, QQQ, AGG
| Period | SLON total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −20.5% | −20.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +69.3% | +69.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +20.7% | +20.7% | +7.8% | +8.4% | −1.5% |
| YTD | −55.3% | −55.3% | +12.3% | +15.1% | −1.0% |
| 1 year | −84.4% | −84.4% | +14.4% | +15.9% | −1.1% |
| Since inceptionJul 15, 2025 | −83.3% | −83.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SLON vs SPY
From Jul 15, 2025: SLON grew to $1,672, SPY to $12,381.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SLON returns by calendar year
2026 is year to date.
SLON annual returns table
| Year | SLON | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −55.3% | −86.0% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SLON largest drawdowns
Now 91.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 18, 2025 | −96.3% | Jun 10, 2026 | not yet | 9 months | 1.1 years so far |
| Jul 22, 2025 | −37.2% | Aug 5, 2025 | Sep 8, 2025 | 14 days | 48 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SLON risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −75.1% |
| Volatility (annualized) | 126.6% |
| Sharpe ratio | -0.50 |
| Sortino ratio | -0.75 |
| Best month | +92.8% |
| Worst month | −57.3% |
| Best 12 months | −83.9% |
| Worst 12 months | −91.7% |
| Positive months | 21% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SLON rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 4 | −91.7% | −85.5% | −83.5% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
SLON performance overview
ProShares Ultra Solana ETF (SLON) returned −84.4% over the past year, with distributions reinvested. Since its first recorded price on Jul 15, 2025 it has returned −83.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −96.3%, from Sep 18, 2025 to Jun 10, 2026; the fund has not yet regained that high. Volatility has been 126.6% a year.
Related: SLON chart. See the SLON overview for the latest quote and fund facts.
SLON performance FAQ
What is the SLON return over the past year?
SLON returned −84.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 84.4%.
How much would $10,000 invested in SLON be worth?
$10,000 invested in SLON at its first recorded close on July 15, 2025 would be worth about $1,672 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of SLON?
The largest peak-to-trough decline was −96.3% between September 18, 2025 and June 10, 2026. It has not yet recovered to that high; it is 91.6% below its peak.
How volatile is SLON?
Over the past history SLON had an annualized volatility of 126.6% and a Sharpe ratio of -0.50 (excess return over 1–3 month T-bills per unit of risk).