LBAY vs SLON

Comparison between LEATHERBACK LONG/SHORT ALTERNATIVE YIELD ETF (LBAY, ETF) and ProShares Ultra Solana ETF (SLON, ETF).

LBAY vs SLON - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LBAY(ETF)	SLON(ETF)
Net Assets	$17M	$17M
Expense Ratio	1.20%	N/A
Max Drawdown	22.04%	96.37%
Sharpe Ratio	0.51	-0.96
5Y Beta	0.11	5.18
P/E Ratio	11.61	N/A
Forward P/E	16.23	N/A
5Y Dividends CAGR	18.35%	N/A
5Y EPS CAGR	10.71%	N/A
Debt to Equity	26.75%	N/A
P/S Ratio	1.92	N/A
P/B Ratio	2.57	N/A

Net Assets

LBAY

$17M

SLON

$17M

Expense Ratio

LBAY

1.20%

SLON

N/A

Max Drawdown

Winner

LBAY

22.04%

SLON

96.37%

Sharpe Ratio

Winner

LBAY

0.51

SLON

-0.96

5Y Beta

Winner

LBAY

0.11

SLON

5.18

P/E Ratio

LBAY

11.61

SLON

N/A

Forward P/E

LBAY

16.23

SLON

N/A

5Y Dividends CAGR

LBAY

18.35%

SLON

N/A

5Y EPS CAGR

LBAY

10.71%

SLON

N/A

Debt to Equity

LBAY

26.75%

SLON

N/A

P/S Ratio

LBAY

1.92

SLON

N/A

P/B Ratio

LBAY

2.57

SLON

N/A

LBAY vs SLON - Historical Returns

Returns include dividend reinvestment.

Period	LBAY	SLON
1 month	+5.48%	+11.25%
3 months	+0.50%	-24.31%
6 months	+2.55%	-73.95%
1 year	+11.01%	-92.81%
5 years(CAGR)	+5.86%	N/A
Max(CAGR)	+8.17%	-89.18%

LBAY

+5.48%

Winner

SLON

+11.25%

Winner

LBAY

+0.50%

SLON

-24.31%

Winner

LBAY

+2.55%

SLON

-73.95%

Winner

LBAY

+11.01%

SLON

-92.81%

5Y(CAGR)

LBAY

+5.86%

SLON

N/A

Max(CAGR)

Winner

LBAY

+8.17%

SLON

-89.18%

LBAY vs SLON - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	LBAY	SLON
2026	+8.85%	-74.85%
2025	+4.66%	-62.63%
2024	-4.35%	N/A
2023	-8.50%	N/A
2022	+22.44%	N/A
2021	+22.29%	N/A
2020	+4.58%	N/A

LBAY vs SLON Drawdown Comparison

The maximum drawdown for LBAY was -15.99%, occurring on Oct 27, 2023. Recovery took 771 trading sessions.

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

The current LBAY drawdown is -8.87%. The current SLON drawdown is -94.75%.

Rank	LBAY	SLON
#1	-15.99% Jan 6, 2023 - Feb 4, 2026	-96.32% Sep 18, 2025 - Jun 10, 2026
#2	-13.61% Feb 27, 2026 - Jun 22, 2026	-37.23% Jul 22, 2025 - Sep 8, 2025
#3	-12.94% Jun 7, 2022 - Nov 22, 2022	-7.49% Sep 12, 2025 - Sep 18, 2025
#4	-10.45% May 17, 2021 - Jan 4, 2022	-1.30% Jul 16, 2025 - Jul 18, 2025
#5	-5.77% Apr 20, 2022 - May 24, 2022	-0.24% Sep 8, 2025 - Sep 10, 2025
#6	-5.34% Jan 14, 2021 - Feb 22, 2021	N/A
#7	-4.14% Mar 15, 2021 - Mar 26, 2021	N/A
#8	-2.91% Feb 24, 2021 - Mar 5, 2021	N/A
#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 SLON is -0.60 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.60

-101