Leonardo DiCaprio may have the yacht, the model, and the Mediterranean sunshine … but he looks like he was out there drowning in some serious feelings — all while his girlfriend continued partying like it was paradise.

Catch the pics — Leo’s yacht life over the weekend seemed to come with a side of existential crisis, staring off like he was pondering the meaning of it all. All that money, all that luxury … and still no guarantee of a smile!

Leo went shirtless and bronzed, arms crossed as he stared at the floor, then off into the distance — and it was hard to tell if he was deep in thought, zoning out, or just plain tired.

But Leo’s GF Vittoria Ceretti was on a whole different wavelength — stunning in a tiny black string bikini as she dove into Ibiza’s sparkling waters like the yacht was her runway.

Luckily for Vittoria, Leo’s moody spell didn’t kill the vibe — she had a whole crew of friends onboard to keep the party going.