SLON vs BWET

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

SLON vs BWET - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

SLON

$17M

BWET

$17M

Expense Ratio

SLON

N/A

BWET

3.50%

Max Drawdown

SLON

96.37%

Winner

BWET

56.90%

Sharpe Ratio

SLON

-0.96

Winner

BWET

3.34

5Y Beta

SLON

5.18

Winner

BWET

-0.11

SLON vs BWET - Historical Returns

Returns include dividend reinvestment.

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

SLON

+11.25%

Winner

BWET

+11.60%

SLON

-24.31%

Winner

BWET

+78.33%

SLON

-73.95%

Winner

BWET

+669.98%

SLON

-92.81%

Winner

BWET

+2024.53%

Max(CAGR)

SLON

-89.18%

Winner

BWET

+143.21%

SLON vs BWET - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

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

SLON vs BWET Drawdown Comparison

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

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

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

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

Correlation

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

-0.69

-101