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ETHT vs SLON

ProShares Ultra Ether ETF

ETHTANYSE Arca

ProShares Ultra Solana ETF

SLONCNYSE Arca

Overlap

Expense ratio

ETHT −1.18pt a year

ETHT0.96%SLON2.14%

Avg volume · 30D

ETHT 16.6×the volume

ETHT1.72MSLON104K

ETHT vs SLON Performance

Oct 31, 2025 – Nov 2, 2026

−81.9%ETHT−87.4%SLON

Oct 31, 2025 to Nov 2, 2026. ETHT −81.9%. SLON −87.4%. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2025May 2026Nov 2026
Expense ratio
ETHT 0.96%, better
SLON 2.14%
Fund size
ETHT $213M
SLON $20M
1Y total return
ETHT −81.9%, better
SLON −87.4%
Yield (12M)
ETHT 1.83%, better
SLON 0.00%
Holdings
ETHT 1
SLON 1
Avg volume (30D)
ETHT 1.72M sh, better
SLON 104K sh
NAV per share
ETHT $13.05
SLON $25.93
52W range

ETF.net Grade

ETHT: Cost 91, Risk 51, Mission 0, Tradability 74, Holdings not scored, Durability 72. SLON: Cost 45, Risk 32, Mission not scored, Tradability 60, Holdings not scored, Durability 49.
Pillar letters and Scores for ETHT, SLON, with each pillar’s weight
PillarETHTSLON
Cost30% weightA91HigherC45
Mission25% weightF0Not scored
Risk15% weightC51HigherD32
Tradability15% weightA74HigherB60
Holdings10% weightNot scoredNot scored
Durability5% weightA72HigherC49

Rank among 2x Long Crypto funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ETHT and SLON are both graded against the same 14 2x Long Crypto funds, so their Grades compare head to head.

2x Long Crypto⁠

Category · 14 funds
See all 14 ›

ETHT ranks 2nd and SLON 7th of 14 funds in the 2x Long Crypto Category.

  1. Rank 1ABITUProShares Ultra Bitcoin ETFScore 83
  2. Rank 2AETHTProShares Ultra Ether ETFScore 76
  3. Rank 3BBTCLT-Rex 2X Long Bitcoin Daily Target ETFScore 65
  4. Rank 6CSUILVolatility Shares 2x Sui ETFScore 48
  5. Rank 7CSLONProShares Ultra Solana ETFScore 46
  6. Rank 8CETHU2x Ether ETFScore 44

Our read on each fund

ETF.net Research

ETHTAProShares Ultra Ether ETF

SLONCProShares Ultra Solana ETF

In short

ETHT ProShares opened the US market for leveraged ether in June 2024, and it runs the low-cost version: 0.96% to target twice ether's daily move, below the typical fee among 2x crypto funds.

SLON ProShares wrote the leveraged ETF playbook, then pointed it at Solana. SLON targets 2x the daily move of the Bloomberg Solana Index using swaps and futures, not coins: a daily-reset trading tool rather than a buy-and-forget holding.

Stated mandate

ETHT The fund seeks daily investment results equal to twice the daily performance of ether, before fees and expenses.

SLON The fund seeks daily returns equal to two times the daily performance of the Bloomberg Solana Index, before fees and expenses. It uses futures and swaps rather than investing directly in Solana.

Why people hold it

  • ETHT The original. It listed June 7, 2024 alongside a -2x twin as the first US ETFs built to target twice ether's daily move.businesswire.com
  • At 0.96%, with no fee waiver involved, it costs far less than ETHU, the other 2x ether fund in the group, at 2.97%.
  • One of the stronger builds in its leveraged-crypto peer group, and actively traded, so entering and exiting doesn't hinge on a thin market.
  • No wallet, no keys. It's a registered 1940 Act ETF that gets its exposure from derivatives and does not invest directly in ether.proshares.com
  • SLON Plain, stated mandate: two times the daily move of the Bloomberg Solana Index, before fees. Exposure comes from swaps and futures, so no wallet or crypto exchange account.proshares.com
  • Same machinery ProShares runs behind its 2x bitcoin (BITU) and ether (ETHT) funds, aimed at a newer coin. Familiar plumbing, different underlying.proshares.com
  • Leveraged Solana exposure in a brokerage wrapper: trade it through the session like any stock, with a named index (BSOLANA) defining the target.

Worth knowing

  • ETHT The 2x target resets daily. Over periods longer than a single day, returns will likely differ from that daily target, per the prospectus.proshares.com
  • Leverage cuts both ways: on a down day for ether, the fund should lose roughly twice as much as the index it tracks.proshares.com
  • The track record starts in June 2024, so there is less history here than for most ETFs when judging behavior across market cycles.
  • SLON At 2.14% a year, the fee sits above what ProShares charges on its 2x bitcoin (BITU) and ether (ETHT) funds, and above the typical leveraged crypto fund.
  • The 2x target resets every day. Over longer stretches, choppy prices can leave results well away from two times the period's move.proshares.com
  • Young fund (2025 launch), small asset base, and derivatives on a single volatile coin underneath. Moves land hard in both directions.

Full ETHT profile⁠

Full SLON profile⁠

ETHT vs SLON Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ETHT vs SLON Cost

Overpaying SLON vs ETHT

$16,565

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ETHT 0.96%

    $18,034

  • SLON 2.14%

    $34,599

$10,000
30 years

Cost over time

  • ETHT 0.96%
  • SLON 2.14%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530SLON $34,599ETHT $18,034

Year by year

YearETHTSLONOverpaying
10$1,695$3,598$1,903
20$6,383$12,863$6,480
30$18,034$34,599$16,565

Expense ratio

  • 0.96%ETHT, cheaper
  • 2.14%SLON
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

ETHT 3rd cheapest of 14 funds

SLON 8th cheapest of 14 funds

ETHT vs SLON Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
ETHT 1.83%, better
SLON 0.00%
Payout (12M)
ETHT $0.24
SLON None
Last payment
ETHT $0.01
SLON No data
Ex-dividend
ETHT Nov 2, 2026
SLON No data
Paid on
ETHT Pays Nov 6, 2026
SLON No data
Frequency
ETHT Monthly
SLON No data

Distribution history

Per share, 2024 to 2026, same scale for both

ETHTMonthly · 16 paymentsAll ETHT payments⁠
One bar per payment. 16 payments from 2024 to 2026 YTD. Sep 3, 2024 $0.0038; Dec 23, 2024 $0.01; Sep 2, 2025 $1.60; Nov 3, 2025 $0.0082; Dec 1, 2025 $0.03; Dec 24, 2025 $0.08; Feb 2, 2026 $0.02; Mar 2, 2026 $0.02; Apr 1, 2026 $0.0057; May 1, 2026 $0.0044; Jun 1, 2026 $0.01; Jul 1, 2026 $0.01; Aug 3, 2026 $0.01; Sep 1, 2026 $0.0087; Oct 1, 2026 $0.01; Nov 2, 2026 $0.01. Use the arrow keys to read each point.$0$2.502026YTD
SLON1 paymentAll SLON payments⁠
One bar per payment. 1 payment from 2024 to 2026 YTD. Oct 1, 2025 $4.04. Use the arrow keys to read each point.$0$2.502026YTD

ETHT vs SLON Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ETHT 153.7%since Jul 2024SLON 125.3%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
ETHT −0.03since Jul 2024SLON −0.71since Aug 2025
Worst fallMax drawdown, 5 years
ETHT −96.0%since Jun 2024SLON −96.3%since Jul 2025
Market sensitivityBeta, 5 years
ETHT 5.41SLON 1.68

ETHT and SLON in the news

All news⁠

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