LBAY vs GGLS
Comparison between LEATHERBACK LONG/SHORT ALTERNATIVE YIELD ETF (LBAY, ETF) and Direxion Daily GOOGL Bear 1X ETF (GGLS, ETF).
LBAY vs GGLS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
LBAY
$18M
Winner
GGLS
$19M
Expense Ratio
LBAY
1.20%
Winner
GGLS
1.02%
Max Drawdown
Winner
LBAY
22.04%
GGLS
83.50%
Sharpe Ratio
Winner
LBAY
0.62
GGLS
-1.65
5Y Beta
LBAY
0.09
Winner
GGLS
-1.12
P/E Ratio
LBAY
10.88
GGLS
N/A
Forward P/E
LBAY
15.89
GGLS
N/A
5Y Dividends CAGR
LBAY
15.44%
GGLS
N/A
5Y EPS CAGR
LBAY
11.96%
GGLS
N/A
Debt to Equity
LBAY
33.59%
GGLS
N/A
P/S Ratio
LBAY
1.94
GGLS
N/A
P/B Ratio
LBAY
2.60
GGLS
N/A
LBAY vs GGLS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
LBAY
+5.45%
GGLS
-4.83%
3M
LBAY
+10.08%
Winner
GGLS
+11.91%
6M
Winner
LBAY
-0.89%
GGLS
-11.81%
1Y
Winner
LBAY
+13.44%
GGLS
-42.41%
5Y(CAGR)
LBAY
+6.74%
GGLS
N/A
Max(CAGR)
Winner
LBAY
+9.60%
GGLS
-27.55%
LBAY vs GGLS - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | LBAY | GGLS |
|---|---|---|
| 2026 | +18.39% | -10.89% |
| 2025 | +4.66% | -42.62% |
| 2024 | -4.35% | -27.17% |
| 2023 | -8.50% | -37.02% |
| 2022 | +22.44% | +19.63% |
| 2021 | +22.29% | N/A |
| 2020 | +4.58% | N/A |
LBAY vs GGLS Drawdown Comparison
The maximum drawdown for LBAY was -15.99%, occurring on Oct 27, 2023. Recovery took 771 trading sessions.
The maximum drawdown for GGLS was -81.22%, occurring on May 13, 2026. This drawdown has not yet recovered.
The current LBAY drawdown is -1.38%. The current GGLS drawdown is -78.25%.
| Rank | LBAY | GGLS |
|---|---|---|
| #1 | -15.99% Jan 6, 2023 - Feb 4, 2026 | -81.22% Nov 3, 2022 - May 13, 2026 |
| #2 | -13.61% Feb 27, 2026 - Aug 24, 2026 | -8.73% Sep 30, 2022 - Oct 27, 2022 |
| #3 | -12.94% Jun 7, 2022 - Nov 22, 2022 | -4.30% Oct 27, 2022 - Nov 1, 2022 |
| #4 | -10.45% May 17, 2021 - Jan 4, 2022 | -2.67% Sep 27, 2022 - Sep 30, 2022 |
| #5 | -5.77% Apr 20, 2022 - May 24, 2022 | -2.32% Sep 8, 2022 - Sep 13, 2022 |
| #6 | -5.34% Jan 14, 2021 - Feb 22, 2021 | -0.55% Sep 21, 2022 - Sep 23, 2022 |
| #7 | -4.14% Mar 15, 2021 - Mar 26, 2021 | -0.48% Sep 13, 2022 - Sep 15, 2022 |
| #8 | -2.91% Feb 24, 2021 - Mar 5, 2021 | -0.13% Sep 16, 2022 - Sep 20, 2022 |
| #9 | -2.80% Feb 23, 2026 - Feb 27, 2026 | N/A |
| #10 | -2.70% Nov 24, 2020 - Dec 3, 2020 | N/A |
| #11 | -2.48% May 10, 2021 - May 14, 2021 | N/A |
| #12 | -2.25% Dec 2, 2022 - Dec 27, 2022 | N/A |
| #13 | -2.13% Dec 9, 2020 - Dec 31, 2020 | N/A |
| #14 | -2.01% Jan 18, 2022 - Feb 9, 2022 | N/A |
| #15 | -1.86% Mar 4, 2022 - Mar 21, 2022 | N/A |
Correlation
Correlation between LBAY and GGLS is -0.28 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.28
-101
Dividend Comparison (2020 - 2026)
LBAY vs GGLS dividend yield comparison.
| Year | LBAY | GGLS |
|---|---|---|
| 2026 | 2.12% | 1.45% |
| 2025 | 3.80% | 4.87% |
| 2024 | 3.77% | 4.31% |
| 2023 | 3.47% | 5.80% |
| 2022 | 2.74% | 0.20% |
| 2021 | 2.96% | 0.00% |
| 2020 | 0.29% | 0.00% |
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