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ETFs

Leatherback Long/Short Alternative Yield ETF

LBAY
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Nov 16 2020
Expense Ratio
1.32%
Type
US Diversified
Fund Owner
Leatherback Asset Management
Volume (1m avg. daily)
$308,961
AUM
$65,467,215
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
9.03%
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Fidelity National Information Services, Inc.
4.44%
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Zimmer Biomet Holdings Inc
4.39%
V
Visa Inc - Ordinary Shares - Class A
4.24%
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Intercontinental Exchange Inc
4.22%
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Comcast Corp - Ordinary Shares - Class A
4.19%
WM
Waste Management, Inc.
4.17%
ABBV
Abbvie Inc
4.10%
Invest with LBAY

What is LBAY?

The Leatherback Long/Short Alternative Yield ETF (LBAY) is an actively managed exchange-traded fund that seeks income generation and capital appreciation through shareholder yielding equities and income producing securities. Leatherback establishes long positions in securities it believes will provide sustainable shareholder yield and takes short positions in securities it believes will decline in price. The Fund s long positions are generally expected to be comprised of equity securities or depositary receipts, although long positions may also include investment-grade corporate bonds and convertible bonds. The Fund s equity securities may include common stocks, preferred stocks, other ETFs, closed-end funds, business development companies ( BDCs ), master limited partnerships ( MLPs ), real estate investment trusts ( REITs ), and publicly traded companies that are formed to own operating assets that produce defined cash flows ( YieldCos ). Leatherback uses a quantitative and fundamental approach to identify companies it believes have the capacity to reward shareholders. The bias is towards dividend awards, which seeks to provide downside risk mitigation and are additive to total return.

ETFs related toLBAY

ETFs correlated to LBAY include HDV, VYM, MGV

LBAY
Tidal ETF Trust - Leatherback Long/Short Alternative Yield ETF
HDV
BlackRock Institutional Trust Company N.A. - iShares Core High Dividend ETF
VYM
Vanguard Group, Inc. - Vanguard High Dividend Yield Indx ETF
MGV
Vanguard Group, Inc. - Vanguard Mega Cap Value ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
PWV
Invesco Capital Management LLC - Invesco Large Cap Value ETF
DHS
WisdomTree Trust - WisdomTree U.S. High Dividend Fund
DVY
BlackRock Institutional Trust Company N.A. - iShares Select Dividend ETF
NULV
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Value ETF
CDL
Victory Portfolios II - VictoryShares US Large Cap High Div Volatility Wtd ETF
FDL
First Trust Exchange-Traded Fund III - First Trust Morningstar Dividend Leaders Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toLBAY

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with LBAY using Composer

FAQ

LBAY is a US Diversified ETF. The Leatherback Long/Short Alternative Yield ETF (LBAY) is an actively managed exchange-traded fund that seeks income generation and capital appreciation through shareholder yielding equities and income producing securities. Leatherback establishes long positions in securities it believes will provide sustainable shareholder yield and takes short positions in securities it believes will decline in price. The Fund s long positions are generally expected to be comprised of equity securities or depositary receipts, although long positions may also include investment-grade corporate bonds and convertible bonds. The Fund s equity securities may include common stocks, preferred stocks, other ETFs, closed-end funds, business development companies ( BDCs ), master limited partnerships ( MLPs ), real estate investment trusts ( REITs ), and publicly traded companies that are formed to own operating assets that produce defined cash flows ( YieldCos ). Leatherback uses a quantitative and fundamental approach to identify companies it believes have the capacity to reward shareholders. The bias is towards dividend awards, which seeks to provide downside risk mitigation and are additive to total return.

LBAY dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

Yes, LBAY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, LBAY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on LBAY is 0.0082%. This is the percent change in the value of LBAY over the most recent 1-month period. The 3-month return on LBAY is 0.0257%. This is the percent change in the value of LBAY over the most recent 3-month period.

The standard deviation of LBAY for the past year is 0.1213%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to LBAY include AOR, DRSK, and FPEI.

ETFs correlated to LBAY include HDV, VYM, and MGV.

ETFs that are inversely correlated to LBAY include SDOW, DXD, and DOG.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.