# SLON (ProShares Ultra Solana ETF)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: SLON returned +110.7% where its own daily promise gave +120.3%, 9.6 points short.

## Key facts

- SLON, what GSOL did: +55.2%, as of Sep 11, 2026.
- SLON, what +2 times a day gives: +120.3%, as of Sep 11, 2026.
- SLON, what the fund returned: +110.7%, as of Sep 11, 2026.
- SLON, the fund itself cost: −9.6 pts, as of Sep 11, 2026.
- SLON, net assets: $26m (issuer page, as of Sep 11, 2026).
- SLON, expense ratio: 2.14% (485BPOS XBRL, Jul 14, 2025).

## SLON over each window to Sep 11, 2026

| Window | Fund | GSOL | +2x the move | Difference | GSOL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +73.4% | +35.4% | +70.8% | +2.6 pts | 67% |
| 3 months | +110.7% | +55.2% | +110.4% | +0.3 pts | 62% |
| Since launch | +35.4% | +26.2% | +52.3% | −16.9 pts | 65% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of GSOL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.01 times, against +2 stated | ETFIQ |
| Underlying | GSOL | ETFIQ |
| Segment | asset class, crypto | ETFIQ |
| Net assets | $26m | issuer page, as of Sep 11, 2026 |
| Expense ratio | 2.14% | 485BPOS XBRL, Jul 14, 2025 |
| Launched | Jul 15, 2025 | ETFIQ |
| Underlying volatility over the window | 62% annualized | ETFIQ |

## Questions

### Did SLON return +2 times GSOL?

Over the window to Sep 11, 2026, GSOL moved +55.2% and SLON returned +110.7%. 2 times that move is +110.4%, so the fund came out 0.3 points ahead of it.

### Why does SLON not return +2 times over a year?

Because it resets daily. SLON aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x GSOL ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, SLON, data as of Sep 11, 2026. https://etfiq.com/funds/SLON
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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