AGQI vs. LBAY ETF Comparison
Comparison of First Trust Active Global Quality Income ETF (AGQI) to Leatherback Long/Short Alternative Yield ETF (LBAY)
AGQI
First Trust Active Global Quality Income ETF
AGQI Description
AGQI aims to hold a global basket of income-producing equities of companies that can maintain or grow dividends without compromising their financial stability. Equity securities include common and preferred stocks, depositary receipts, and real estate investment trusts. The fund invests in US and non-US issuers, holding at least 40% of its assets outside the US, with up to 20% allocated in emerging markets. The fund uses a fundamental approach to select dividend-paying companies with quality income, meaning they can provide stable and growing dividends. Eligible companies are assessed based on ROE and/or ROIC, financial leverage ratio, and dividend payout ratio. The resulting portfolio may have a large-cap tilt, although the fund invests in companies of any market capitalization. On November 21, 2023, the ETF acquired all assets and liabilities of the First Trust Dynamic Europe Equity Income Fund (ticker: FDEU), which had about $220 million in assets, morphing the closed-end fund into an ETF.
Grade (RS Rating)
Last Trade
$14.02
Average Daily Volume
8,379
13
LBAY
Leatherback Long/Short Alternative Yield ETF
LBAY Description
The investment seeks capital appreciation and income. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing long positions in securities believed to provide sustainable shareholder yield (defined as dividends plus buybacks plus debt paydowns) and taking short positions in securities expected to decline in price. It will generally have net exposure of 75% - 110% long. 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. It is non-diversified.Grade (RS Rating)
Last Trade
$26.59
Average Daily Volume
2,745
52
Performance
| Period | AGQI | LBAY |
|---|---|---|
| 30 Days | -1.93% | -0.37% |
| 60 Days | -4.92% | -2.85% |
| 90 Days | -3.53% | -2.99% |
| 12 Months | 10.20% | 5.22% |
1 Overlapping Holdings
| Symbol | Grade | Weight in AGQI | Weight in LBAY | Overlap | |
|---|---|---|---|---|---|
| MDT | D | 3.48% | 3.7% | 3.48% |
AGQI Underweight 51 Positions Relative to LBAY
| Symbol | Grade | Weight | |
|---|---|---|---|
| ORI | A | -4.81% | |
| NEM | F | -4.79% | |
| XOM | C | -4.75% | |
| LW | C | -4.73% | |
| MO | A | -4.71% | |
| BG | F | -4.66% | |
| CVS | D | -4.57% | |
| VTRS | B | -4.53% | |
| CMCSA | C | -4.49% | |
| FIS | D | -4.4% | |
| ZBH | C | -4.39% | |
| AGNC | D | -4.38% | |
| BERY | B | -4.27% | |
| ICE | D | -4.09% | |
| V | A | -3.87% | |
| MTN | C | -3.86% | |
| T | A | -3.74% | |
| UNP | C | -3.67% | |
| AWK | D | -3.6% | |
| EBAY | C | -3.53% | |
| MMM | D | -3.44% | |
| BKNG | B | -3.4% | |
| RIO | D | -3.38% | |
| LHX | C | -3.36% | |
| APD | A | -3.26% | |
| MSCI | C | -3.01% | |
| SPGI | C | -2.89% | |
| DE | B | -2.8% | |
| PCH | C | -2.8% | |
| SHAK | B | --1.13% | |
| DKS | C | --1.19% | |
| SITE | C | --1.24% | |
| RBLX | C | --1.25% | |
| BURL | B | --1.27% | |
| LLY | F | --1.38% | |
| EQIX | A | --1.41% | |
| AVGO | D | --1.45% | |
| SF | B | --1.46% | |
| EVR | B | --1.46% | |
| TSLA | B | --1.5% | |
| DAL | B | --1.51% | |
| TOL | A | --1.55% | |
| CVNA | B | --1.56% | |
| PLNT | B | --1.56% | |
| DKNG | C | --1.56% | |
| AAPL | B | --1.56% | |
| DLR | A | --1.58% | |
| OLLI | C | --1.61% | |
| SQ | B | --1.63% | |
| VRT | B | --1.81% | |
| DUOL | B | --1.9% |
AGQI: Top Represented Industries & Keywords
LBAY: Top Represented Industries & Keywords
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