IAK vs. LBAY ETF Comparison

Comparison of iShares U.S. Insurance ETF (IAK) to Leatherback Long/Short Alternative Yield ETF (LBAY)

IAK

iShares U.S. Insurance ETF

IAK Description

The investment seeks to track the investment results of an index composed of U.S. equities in the insurance sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Insurance Index (the "underlying index"), which measures the performance of the insurance sector of the U.S. equity market. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include financial and insurance companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$134.89

Average Daily Volume

63,391

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$26.45

Average Daily Volume

2,577

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IAK	LBAY
30 Days	2.97%	-3.99%
60 Days	4.45%	-3.40%
90 Days	8.45%	-2.87%
12 Months	38.87%	5.05%

1 Overlapping Holdings

	Symbol	Grade	Weight in IAK	Weight in LBAY	Overlap
	ORI	A	1.05%	4.77%	1.05%

IAK Overweight 51 Positions Relative to LBAY

Symbol	Grade	Weight
PGR	A	16.35%
CB	C	11.69%
TRV	B	6.34%
AFL	B	6.0%
MET	A	4.7%
PRU	A	4.66%
ALL	A	4.52%
AIG	B	4.47%
HIG	B	4.02%
ACGL	C	3.88%
CINF	A	2.76%
MKL	A	2.61%
PFG	D	2.17%
WRB	A	2.12%
FNF	B	1.82%
L	A	1.78%
UNM	A	1.42%
AIZ	A	1.32%
KNSL	B	1.24%
AFG	A	1.21%
ERIE	D	1.2%
PRI	B	1.19%
GL	C	1.16%
RLI	A	0.87%
FAF	A	0.79%
AXS	A	0.78%
SIGI	C	0.72%
THG	A	0.7%
LNC	C	0.6%
WTM	A	0.58%
AGO	B	0.54%
KMPR	A	0.51%
CNO	B	0.49%
BHF	C	0.37%
OSCR	D	0.36%
GNW	A	0.35%
PLMR	A	0.33%
STC	B	0.24%
MCY	A	0.24%
TRUP	B	0.21%
LMND	B	0.21%
HMN	B	0.2%
SKWD	A	0.2%
EIG	B	0.16%
SAFT	B	0.16%
CNA	C	0.14%
AMSF	B	0.14%
PRA	C	0.1%
AMBC	C	0.08%
UFCS	A	0.06%
JRVR	F	0.03%

IAK Underweight 51 Positions Relative to LBAY

Symbol	Grade	Weight
LW	C	-4.96%
XOM	B	-4.78%
MO	A	-4.64%
NEM	D	-4.59%
BG	D	-4.57%
CMCSA	B	-4.57%
FIS	C	-4.54%
VTRS	A	-4.48%
ZBH	C	-4.41%
AGNC	C	-4.41%
CVS	D	-4.36%
BERY	C	-4.14%
ICE	C	-4.08%
MTN	C	-3.91%
V	A	-3.89%
MDT	D	-3.86%
UNP	C	-3.77%
T	A	-3.64%
LHX	C	-3.59%
EBAY	D	-3.58%
MMM	D	-3.53%
AWK	C	-3.45%
BKNG	A	-3.37%
RIO	D	-3.28%
MSCI	C	-3.15%
APD	A	-3.11%
SPGI	C	-2.92%
PCH	F	-2.79%
DE	B	-2.68%
SHAK	C	--1.21%
DKS	D	--1.21%
BURL	B	--1.26%
SITE	F	--1.27%
RBLX	C	--1.29%
EQIX	A	--1.38%
TSLA	B	--1.45%
EVR	B	--1.46%
SF	B	--1.48%
LLY	F	--1.48%
DKNG	B	--1.49%
DLR	B	--1.51%
CVNA	B	--1.53%
AAPL	C	--1.53%
DAL	B	--1.53%
TOL	B	--1.54%
PLNT	A	--1.54%
AVGO	D	--1.54%
SQ	A	--1.56%
VRT	B	--1.63%
OLLI	D	--1.69%
DUOL	A	--1.85%