ETEC vs. LBAY ETF Comparison
Comparison of iShares Breakthrough Environmental Solutions ETF (ETEC) to Leatherback Long/Short Alternative Yield ETF (LBAY)
ETEC
iShares Breakthrough Environmental Solutions ETF
ETEC Description
ETEC provides exposure to global equities categorized as emerging green technology. Selection begins with the initial index universe that then excludes companies involved in controversial issues against UNGC principles. Stocks are reviewed to meet revenue derived from eight sustainable themes: energy efficiency, green buildings and transportation, pollution prevention and reduction, renewable energy, resource efficiency technologies and services, water, and sustainable agriculture, food, and forestry. The fund excludes companies with total sustainable product revenue less than 25%. The remaining stocks are screened further to only include companies classified as green technologies. Stocks are scored within the Rogers innovation adoption curve to determine their position across the innovators-laggards spectrum, which contributes to an aggregate score. The top 50 companies with the highest aggregate scores are selected. The market cap-weighted index is reconstituted annually in December and rebalanced quarterly.
Grade (RS Rating)
Last Trade
$22.07
Average Daily Volume
380
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
$26.58
Average Daily Volume
4,202
52
Performance
| Period | ETEC | LBAY |
|---|---|---|
| 30 Days | 3.62% | -1.51% |
| 60 Days | 3.66% | 2.36% |
| 90 Days | 10.41% | 3.40% |
| 12 Months | -4.91% | 1.05% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ETEC | Weight in LBAY | Overlap | |
|---|---|---|---|---|---|
| TSLA | D | 4.02% | -1.83% | -1.83% |
ETEC Underweight 51 Positions Relative to LBAY
| Symbol | Grade | Weight | |
|---|---|---|---|
| FIS | C | -5.58% | |
| XOM | B | -5.54% | |
| BG | C | -5.18% | |
| V | D | -4.98% | |
| ZBH | D | -4.71% | |
| ORI | A | -4.63% | |
| ABBV | D | -4.51% | |
| ICE | D | -4.19% | |
| AGNC | B | -4.09% | |
| NEM | B | -4.06% | |
| PKG | C | -4.04% | |
| WM | C | -3.88% | |
| AWK | B | -3.87% | |
| GEHC | D | -3.81% | |
| CMCSA | F | -3.7% | |
| MDT | C | -3.69% | |
| LHX | A | -3.68% | |
| APD | C | -3.64% | |
| DIS | C | -3.53% | |
| UNP | C | -3.52% | |
| DPZ | B | -3.06% | |
| LW | D | -3.04% | |
| JNJ | F | -2.96% | |
| KDP | A | -2.77% | |
| CARR | A | -2.77% | |
| MMM | A | -2.74% | |
| PCH | D | -2.74% | |
| KO | A | -2.7% | |
| MTN | F | -2.61% | |
| RIO | A | -2.56% | |
| SPGI | C | -2.36% | |
| SOLV | C | -1.93% | |
| BURL | D | --0.83% | |
| DKS | B | --1.02% | |
| FIX | C | --1.05% | |
| FIVE | F | --1.14% | |
| PLD | D | --1.17% | |
| VRT | A | --1.35% | |
| PLNT | F | --1.43% | |
| SITE | F | --1.43% | |
| AAPL | C | --1.43% | |
| EQIX | F | --1.52% | |
| OLLI | C | --1.54% | |
| SQ | D | --1.56% | |
| RCL | A | --1.6% | |
| BLK | D | --1.63% | |
| DLR | B | --1.63% | |
| CMG | A | --1.89% | |
| DASH | D | --1.96% | |
| SF | A | --1.97% | |
| AVGO | D | --1.99% |
ETEC: Top Represented Industries & Keywords
LBAY: Top Represented Industries & Keywords
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