QQQ vs SLON
Invesco QQQ Trust, Series 1 vs ProShares Ultra Solana ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | SLON | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 2.14% | |
| AUM | $496.3B | $17M | |
| Dividend Yield | 0.44% | 4.68% | |
| Holdings | 108 | 3 | |
| YTD Return | +16.23% | -68.88% | |
| 1Y Return | +26.23% | -89.34% | |
| 3Y Return (annualized) | +25.75% | - | |
| 5Y Return (annualized) | +14.78% | - | |
| Volatility (annualized) | 30.6% | 93.0% | |
| Max Drawdown | -83.0% | -96.3% | |
| Fund Family | Invesco (US) | ProShares | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Jul 14, 2025 |
QQQ vs SLON Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and ProShares Ultra Solana ETF (SLON) is a ETF from ProShares. Over the past year QQQ returned +26.23% while SLON returned -89.34%. Year to date, QQQ is up 16.23% versus a loss of 68.88% for SLON.
Risk: Volatility and Drawdowns
SLON has been the more volatile fund, with annualized monthly volatility of 93.0% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -83.0% for QQQ and -96.3% for SLON. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.25. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SLON charges 2.14%. On a $10,000 position that is $18 vs $214 annually, a gap of $196 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 4.68% for SLON.
Frequently Asked Questions
Which is cheaper, QQQ or SLON?
QQQ has an expense ratio of 0.18% while SLON charges 2.14%. QQQ is the cheaper option. On a $10,000 investment, that is $196 per year of difference.
Which performed better, QQQ or SLON?
Over the past year QQQ returned +26.23% vs -89.34% for SLON, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +13.02% vs -84.46% for SLON. Past performance does not guarantee future results.
Which is riskier, QQQ or SLON?
SLON has been the more volatile fund at 93.0% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs SLON -96.3%.
Should I hold both QQQ and SLON?
QQQ and SLON have a monthly-return correlation of 0.25, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, QQQ or SLON?
QQQ yields 0.44% while SLON yields 4.68%, so SLON currently pays the higher dividend yield.
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