SLON vs LBAY

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

SLON vs LBAY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

SLON

$17M

LBAY

$17M

Expense Ratio

SLON

N/A

LBAY

1.20%

Max Drawdown

SLON

96.37%

Winner

LBAY

22.04%

Sharpe Ratio

SLON

-0.96

Winner

LBAY

0.51

5Y Beta

SLON

5.18

Winner

LBAY

0.11

P/E Ratio

SLON

N/A

LBAY

11.61

Forward P/E

SLON

N/A

LBAY

16.23

5Y Dividends CAGR

SLON

N/A

LBAY

18.35%

5Y EPS CAGR

SLON

N/A

LBAY

10.71%

Debt to Equity

SLON

N/A

LBAY

26.75%

P/S Ratio

SLON

N/A

LBAY

1.92

P/B Ratio

SLON

N/A

LBAY

2.57

SLON vs LBAY - Historical Returns

Returns include dividend reinvestment.

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

Winner

SLON

+11.25%

LBAY

+5.48%

SLON

-24.31%

Winner

LBAY

+0.50%

SLON

-73.95%

Winner

LBAY

+2.55%

SLON

-92.81%

Winner

LBAY

+11.01%

5Y(CAGR)

SLON

N/A

LBAY

+5.86%

Max(CAGR)

SLON

-89.18%

Winner

LBAY

+8.17%

SLON vs LBAY - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

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

SLON vs LBAY 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 LBAY was -15.99%, occurring on Oct 27, 2023. Recovery took 771 trading sessions.

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

Rank	SLON	LBAY
#1	-96.32% Sep 18, 2025 - Jun 10, 2026	-15.99% Jan 6, 2023 - Feb 4, 2026
#2	-37.23% Jul 22, 2025 - Sep 8, 2025	-13.61% Feb 27, 2026 - Jun 22, 2026
#3	-7.49% Sep 12, 2025 - Sep 18, 2025	-12.94% Jun 7, 2022 - Nov 22, 2022
#4	-1.30% Jul 16, 2025 - Jul 18, 2025	-10.45% May 17, 2021 - Jan 4, 2022
#5	-0.24% Sep 8, 2025 - Sep 10, 2025	-5.77% Apr 20, 2022 - May 24, 2022
#6	N/A	-5.34% Jan 14, 2021 - Feb 22, 2021
#7	N/A	-4.14% Mar 15, 2021 - Mar 26, 2021
#8	N/A	-2.91% Feb 24, 2021 - Mar 5, 2021
#9	N/A	-2.80% Feb 23, 2026 - Feb 27, 2026
#10	N/A	-2.70% Nov 24, 2020 - Dec 3, 2020
#11	N/A	-2.48% May 10, 2021 - May 14, 2021
#12	N/A	-2.25% Dec 2, 2022 - Dec 27, 2022
#13	N/A	-2.13% Dec 9, 2020 - Dec 31, 2020
#14	N/A	-2.01% Jan 18, 2022 - Feb 9, 2022
#15	N/A	-1.86% Mar 4, 2022 - Mar 21, 2022

Correlation

Correlation between SLON and LBAY is -0.60 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.60

-101