# SLON (ProShares Ultra Solana ETF)

ProShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: SLON returned +109.7% where its own daily promise gave +119.2%, 9.4 points short.

## Key facts

- SLON, what GSOL did: +53.9%, as of Sep 30, 2026.
- SLON, what 2 times a day gives: +119.2%, as of Sep 30, 2026.
- SLON, what the fund returned: +109.7%, as of Sep 30, 2026.
- SLON, the fund itself cost: −9.4 pts, as of Sep 30, 2026.
- SLON, net assets: $32m (issuer page, as of Sep 30, 2026).
- SLON, expense ratio: 2.14% (485BPOS XBRL, Jul 14, 2025).

## SLON over each window to Sep 30, 2026

| Window | Fund | GSOL | +2x the move | Difference | GSOL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +22.7% | +13.3% | +26.7% | −4.0 pts | 64% |
| 3 months | +109.7% | +53.9% | +107.7% | +2.0 pts | 57% |
| Since launch | +73.2% | +44.9% | +89.7% | −16.5 pts | 66% |

## 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 | +2.04 times, against +2 stated | ETFIQ |
| Underlying | GSOL | ETFIQ |
| Segment | asset class, crypto | ETFIQ |
| Net assets | $32m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 2.14% | 485BPOS XBRL, Jul 14, 2025 |
| Launched | Jul 15, 2025 | ETFIQ |
| Underlying volatility over the window | 57% annualized | ETFIQ |

## Questions

### Did SLON return +2 times GSOL?

Over the window to Sep 30, 2026, GSOL moved +53.9% and SLON returned +109.7%. 2 times that move is +107.7%, so the fund came out 2.0 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 figure itself.


## Cite this page

ETFIQ, SLON, data as of Sep 30, 2026. https://etfiq.com/funds/slon
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/slon  ·  JSON: https://etfiq.com/funds/slon.json