STAX vs LCDL

Comparison between MACQUARIE TAX-FREE USA SHORT TERM ETF (STAX, ETF) and GRANITESHARES 2X LONG LCID DAILY ETF (LCDL, ETF).

STAX vs LCDL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	STAX(ETF)	LCDL(ETF)
Net Assets	$6.30M	$6.40M
Expense Ratio	0.29%	N/A
Max Drawdown	2.09%	98.50%
Sharpe Ratio	0.38	-1.71
5Y Beta	-0.00	3.99

Net Assets

STAX

$6.30M

Winner

LCDL

$6.40M

Expense Ratio

STAX

0.29%

LCDL

N/A

Max Drawdown

Winner

STAX

2.09%

LCDL

98.50%

Sharpe Ratio

Winner

STAX

0.38

LCDL

-1.71

5Y Beta

Winner

STAX

-0.00

LCDL

3.99

STAX vs LCDL - Historical Returns

Returns include dividend reinvestment.

Period	STAX	LCDL
1 month	+0.30%	-34.67%
3 months	+0.06%	-76.75%
6 months	+1.47%	-89.30%
1 year	+3.95%	-97.05%
Max(CAGR)	+3.70%	-96.55%

Winner

STAX

+0.30%

LCDL

-34.67%

Winner

STAX

+0.06%

LCDL

-76.75%

Winner

STAX

+1.47%

LCDL

-89.30%

Winner

STAX

+3.95%

LCDL

-97.05%

Max(CAGR)

Winner

STAX

+3.70%

LCDL

-96.55%

STAX vs LCDL - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	STAX	LCDL
2026	+1.06%	-83.87%
2025	+4.06%	-87.02%
2024	+2.58%	N/A
2023	+1.45%	N/A

STAX vs LCDL Drawdown Comparison

The maximum drawdown for STAX was -1.42%, occurring on Apr 11, 2025. Recovery took 42 trading sessions.

The maximum drawdown for LCDL was -98.50%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current STAX drawdown is -0.22%. The current LCDL drawdown is -98.50%.

Rank	STAX	LCDL
#1	-1.42% Apr 4, 2025 - Jun 5, 2025	-98.50% May 20, 2025 - Jun 5, 2026
#2	-1.05% Feb 27, 2026 - Mar 24, 2026	-23.36% Apr 29, 2025 - May 12, 2025
#3	-0.86% Mar 20, 2024 - Jun 14, 2024	-10.62% May 16, 2025 - May 20, 2025
#4	-0.65% Sep 27, 2024 - Nov 25, 2024	-5.20% May 14, 2025 - May 16, 2025
#5	-0.55% Dec 6, 2024 - Jan 27, 2025	N/A
#6	-0.55% Dec 27, 2023 - Feb 1, 2024	N/A
#7	-0.51% Feb 28, 2025 - Apr 3, 2025	N/A
#8	-0.44% Feb 1, 2024 - Mar 5, 2024	N/A
#9	-0.42% Sep 16, 2025 - Dec 18, 2025	N/A
#10	-0.18% Feb 10, 2025 - Feb 21, 2025	N/A
#11	-0.17% Jun 25, 2024 - Jul 3, 2024	N/A
#12	-0.15% Aug 2, 2024 - Aug 14, 2024	N/A
#13	-0.13% Mar 13, 2024 - Mar 20, 2024	N/A
#14	-0.08% Aug 14, 2024 - Aug 20, 2024	N/A
#15	-0.08% Aug 29, 2025 - Sep 4, 2025	N/A

Correlation

Correlation between STAX and LCDL is -0.93 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.93

-101