BWET vs SLON

Comparison between Breakwave Tanker Shipping ETF (BWET, ETF) and ProShares Ultra Solana ETF (SLON, ETF).

BWET vs SLON - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BWET(ETF)	SLON(ETF)
Net Assets	$17M	$17M
Expense Ratio	3.50%	N/A
Max Drawdown	56.90%	96.37%
Sharpe Ratio	3.34	-0.96
5Y Beta	-0.11	5.18

Net Assets

BWET

$17M

SLON

$17M

Expense Ratio

BWET

3.50%

SLON

N/A

Max Drawdown

Winner

BWET

56.90%

SLON

96.37%

Sharpe Ratio

Winner

BWET

3.34

SLON

-0.96

5Y Beta

Winner

BWET

-0.11

SLON

5.18

BWET vs SLON - Historical Returns

Returns include dividend reinvestment.

Period	BWET	SLON
1 month	+11.60%	+11.25%
3 months	+78.33%	-24.31%
6 months	+669.98%	-73.95%
1 year	+2024.53%	-92.81%
Max(CAGR)	+143.21%	-89.18%

Winner

BWET

+11.60%

SLON

+11.25%

Winner

BWET

+78.33%

SLON

-24.31%

Winner

BWET

+669.98%

SLON

-73.95%

Winner

BWET

+2024.53%

SLON

-92.81%

Max(CAGR)

Winner

BWET

+143.21%

SLON

-89.18%

BWET vs SLON - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	BWET	SLON
2026	+1197.43%	-74.85%
2025	+94.89%	-62.63%
2024	-37.86%	N/A
2023	+15.94%	N/A

BWET vs SLON Drawdown Comparison

The maximum drawdown for BWET was -56.90%, occurring on Jan 6, 2025. Recovery took 606 trading sessions.

The maximum drawdown for SLON was -96.32%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The current BWET drawdown is -5.57%. The current SLON drawdown is -94.75%.

Rank	BWET	SLON
#1	-56.90% Jun 15, 2023 - Nov 13, 2025	-96.32% Sep 18, 2025 - Jun 10, 2026
#2	-41.22% Jun 22, 2026 - Jul 14, 2026	-37.23% Jul 22, 2025 - Sep 8, 2025
#3	-30.64% Apr 9, 2026 - May 1, 2026	-7.49% Sep 12, 2025 - Sep 18, 2025
#4	-29.21% May 5, 2026 - Jun 18, 2026	-1.30% Jul 16, 2025 - Jul 18, 2025
#5	-28.84% Dec 15, 2025 - Jan 9, 2026	-0.24% Sep 8, 2025 - Sep 10, 2025
#6	-21.50% Mar 2, 2026 - Mar 16, 2026	N/A
#7	-19.47% Mar 30, 2026 - Apr 2, 2026	N/A
#8	-12.62% May 16, 2023 - Jun 9, 2023	N/A
#9	-12.48% Jul 14, 2026 - Jul 20, 2026	N/A
#10	-10.03% Jan 14, 2026 - Jan 29, 2026	N/A
#11	-9.66% May 3, 2023 - May 10, 2023	N/A
#12	-8.94% Nov 25, 2025 - Dec 11, 2025	N/A
#13	-8.47% Feb 6, 2026 - Feb 17, 2026	N/A
#14	-7.83% Mar 24, 2026 - Mar 26, 2026	N/A
#15	-5.43% Nov 13, 2025 - Nov 20, 2025	N/A

Correlation

Correlation between BWET and SLON is -0.69 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.69

-101