LBAY vs. BND ETF Comparison

Comparison of Leatherback Long/Short Alternative Yield ETF (LBAY) to Vanguard Total Bond Market ETF (BND)

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

BND

Vanguard Total Bond Market ETF

BND Description

The investment seeks the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Aggregate Float Adjusted Index. This Index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$72.56

Average Daily Volume

5,867,123

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

Performance

Period	LBAY	BND
30 Days	-3.99%	-0.79%
60 Days	-3.40%	-3.05%
90 Days	-2.87%	-2.04%
12 Months	5.05%	6.06%

31 Overlapping Holdings

Symbol	Grade	Weight in LBAY	Weight in BND	Overlap
AAPL	C	-1.53%	0.01%	-1.53%
APD	A	3.11%	0.01%	0.01%
AVGO	D	-1.54%	0.01%	-1.54%
AWK	C	3.45%	0.01%	0.01%
BERY	C	4.14%	0.01%	0.01%
BG	D	4.57%	0.01%	0.01%
BKNG	A	3.37%	0.01%	0.01%
CMCSA	B	4.57%	0.01%	0.01%
CVS	D	4.36%	0.01%	0.01%
DAL	B	-1.53%	0.01%	-1.53%
DE	B	2.68%	0.01%	0.01%
DLR	B	-1.51%	0.01%	-1.51%
EBAY	D	3.58%	0.01%	0.01%
EQIX	A	-1.38%	0.01%	-1.38%
FIS	C	4.54%	0.01%	0.01%
ICE	C	4.08%	0.01%	0.01%
LHX	C	3.59%	0.01%	0.01%
LLY	F	-1.48%	0.01%	-1.48%
MDT	D	3.86%	0.01%	0.01%
MMM	D	3.53%	0.01%	0.01%
MO	A	4.64%	0.01%	0.01%
NEM	D	4.59%	0.01%	0.01%
ORI	A	4.77%	0.01%	0.01%
SF	B	-1.48%	0.01%	-1.48%
SPGI	C	2.92%	0.01%	0.01%
T	A	3.64%	0.01%	0.01%
UNP	C	3.77%	0.01%	0.01%
V	A	3.89%	0.01%	0.01%
VTRS	A	4.48%	0.01%	0.01%
XOM	B	4.78%	0.01%	0.01%
ZBH	C	4.41%	0.01%	0.01%

LBAY Overweight 21 Positions Relative to BND

Symbol	Grade	Weight
LW	C	4.96%
AGNC	C	4.41%
MTN	C	3.91%
RIO	D	3.28%
MSCI	C	3.15%
PCH	F	2.79%
SHAK	C	-1.21%
DKS	D	-1.21%
BURL	B	-1.26%
SITE	F	-1.27%
RBLX	C	-1.29%
TSLA	B	-1.45%
EVR	B	-1.46%
DKNG	B	-1.49%
CVNA	B	-1.53%
TOL	B	-1.54%
PLNT	A	-1.54%
SQ	A	-1.56%
VRT	B	-1.63%
OLLI	D	-1.69%
DUOL	A	-1.85%

LBAY Underweight 514 Positions Relative to BND

Symbol	Grade	Weight
WIT	B	-0.09%
LXP	D	-0.01%
LVS	B	-0.01%
NKE	F	-0.01%
MMC	B	-0.01%
PAA	B	-0.01%
NFG	A	-0.01%
LRCX	F	-0.01%
OSK	C	-0.01%
MKL	A	-0.01%
MKC	C	-0.01%
ORLY	B	-0.01%
LNT	A	-0.01%
LMT	D	-0.01%
OCSL	F	-0.01%
OC	A	-0.01%
NYC	D	-0.01%
NWE	B	-0.01%
NVR	D	-0.01%
NVDA	B	-0.01%
MSI	B	-0.01%
MCY	A	-0.01%
NTRS	A	-0.01%
MCK	A	-0.01%
MCD	D	-0.01%
PDM	D	-0.01%
NSC	B	-0.01%
GSBD	F	-0.01%
ITW	B	-0.01%
HUN	F	-0.01%
HUBB	B	-0.01%
HSY	F	-0.01%
GPN	B	-0.01%
HRB	D	-0.01%
HPP	F	-0.01%
HON	C	-0.01%
JNPR	D	-0.01%
JNJ	C	-0.01%
IPG	D	-0.01%
IP	A	-0.01%
INVH	D	-0.01%
INGR	C	-0.01%
HII	F	-0.01%
ILMN	C	-0.01%
HBAN	A	-0.01%
JBLU	F	-0.01%
JBL	C	-0.01%
JBHT	C	-0.01%
GWW	B	-0.01%
ET	A	-0.01%
EOG	A	-0.01%
EMR	B	-0.01%
EMN	C	-0.01%
FTV	C	-0.01%
EIX	B	-0.01%
FSK	A	-0.01%
CAH	B	-0.01%
CAF	D	-0.01%
BXP	C	-0.01%
BWA	D	-0.01%
BRO	B	-0.01%
BR	A	-0.01%
DLTR	F	-0.01%
FHN	A	-0.01%
DGX	A	-0.01%
FDX	B	-0.01%
ED	C	-0.01%
ECL	D	-0.01%
CVX	A	-0.01%
CUBE	C	-0.01%
DVN	F	-0.01%
CTVA	C	-0.01%
FANG	C	-0.01%
DUK	C	-0.01%
CTAS	B	-0.01%
CSX	C	-0.01%
FAF	A	-0.01%
FLEX	B	-0.01%
EXR	C	-0.01%
EXPE	B	-0.01%
EXC	C	-0.01%
DRI	B	-0.01%
DOW	F	-0.01%
DOV	A	-0.01%
DSS	F	-0.01%
COKE	C	-0.01%
ALB	B	-0.01%
AL	B	-0.01%
AJG	A	-0.01%
CNP	A	-0.01%
CNH	C	-0.01%
AYI	B	-0.01%
CMS	C	-0.01%
AWH	F	-0.01%
AVY	F	-0.01%
CM	A	-0.01%
AVA	A	-0.01%
AFL	B	-0.01%
AFG	A	-0.01%
AER	A	-0.01%
ADSK	A	-0.01%
ADI	D	-0.01%
CHI	A	-0.01%
ADBE	C	-0.01%
BLK	B	-0.01%
BKH	A	-0.01%
BK	A	-0.01%
BIIB	F	-0.01%
APTV	F	-0.01%
APO	B	-0.01%
BIDU	F	-0.01%
BHF	C	-0.01%
APH	A	-0.01%
CCI	C	-0.01%
AMT	C	-0.01%
AMCR	C	-0.01%
AMAT	F	-0.01%
CPB	D	-0.01%
CP	F	-0.01%
COST	A	-0.01%
COO	D	-0.01%
A	D	-0.01%
THG	A	-0.01%
TEL	B	-0.01%
SYY	D	-0.01%
SYK	B	-0.01%
ZTS	D	-0.01%
ZION	B	-0.01%
TRMB	B	-0.01%
TME	D	-0.01%
PKG	A	-0.01%
PHM	D	-0.01%
PGR	A	-0.01%
NOW	A	-0.01%
NOV	C	-0.01%
NNN	C	-0.01%
OKE	A	-0.01%
OHI	C	-0.01%
OGS	A	-0.01%
OGE	A	-0.01%
LH	B	-0.01%
O	C	-0.01%
LEA	F	-0.01%
LDOS	C	-0.01%
MPLX	A	-0.01%
MPC	D	-0.01%
KEY	B	-0.01%
KDP	F	-0.01%
IVZ	B	-0.01%
GLW	B	-0.01%
GLPI	C	-0.01%
JLL	D	-0.01%
GL	C	-0.01%
JHG	B	-0.01%
JEF	A	-0.01%
JD	D	-0.01%
L	A	-0.01%
JCI	B	-0.01%
KMT	B	-0.01%
KMPR	A	-0.01%
KMB	C	-0.01%
GBDC	D	-0.01%
UNM	A	-0.01%
WEC	A	-0.01%
WB	D	-0.01%
UBS	B	-0.01%
TXN	C	-0.01%
VTR	B	-0.01%
TSN	B	-0.01%
SYF	B	-0.01%
SWK	D	-0.01%
VRSN	C	-0.01%
VRSK	A	-0.01%
VNT	C	-0.01%
STZ	D	-0.01%
STLD	B	-0.01%
XEL	A	-0.01%
WTFC	A	-0.01%
WPC	C	-0.01%
R	B	-0.01%
SLG	B	-0.01%
SKT	A	-0.01%
SITC	D	-0.01%
RS	B	-0.01%
PYPL	B	-0.01%
RPM	A	-0.01%
ROST	D	-0.01%
PWR	A	-0.01%
PSX	C	-0.01%
RL	C	-0.01%
RIV	A	-0.01%
PFG	D	-0.01%
SCS	C	-0.01%
SCHW	B	-0.01%
RGA	A	-0.01%
REXR	F	-0.01%
SBUX	A	-0.01%
SAVE	F	-0.01%
REGN	F	-0.01%
SPG	A	-0.01%
SAFE	F	-0.01%
EG	C	-0.01%
PPG	F	-0.01%
SON	F	-0.01%
SNX	D	-0.01%
SNV	C	-0.01%
MOS	F	-0.01%
MAS	D	-0.01%
PCAR	B	-0.01%
MA	B	-0.01%
LYB	F	-0.01%
NHI	D	-0.01%
NEU	D	-0.01%
MLM	C	-0.01%
OTIS	C	-0.01%
LOW	C	-0.01%
NDAQ	A	-0.01%
LNC	C	-0.01%
MHK	D	-0.01%
LIN	C	-0.01%
NXPI	D	-0.01%
MU	D	-0.01%
MTB	A	-0.01%
MDLZ	F	-0.01%
NVT	B	-0.01%
MCO	B	-0.01%
NUE	C	-0.01%
MCHP	F	-0.01%
NTAP	C	-0.01%
HUM	C	-0.01%
HST	C	-0.01%
GPC	D	-0.01%
GP	F	-0.01%
HRL	D	-0.01%
HR	B	-0.01%
GOOGL	C	-0.01%
HPQ	B	-0.01%
HP	C	-0.01%
HOG	D	-0.01%
INTU	B	-0.01%
HIW	C	-0.01%
HIG	B	-0.01%
HES	B	-0.01%
IFF	D	-0.01%
IEX	C	-0.01%
HAS	D	-0.01%
H	B	-0.01%
GXO	B	-0.01%
ESS	B	-0.01%
ESGR	B	-0.01%
ES	C	-0.01%
EQR	C	-0.01%
EQH	C	-0.01%
EPRT	B	-0.01%
EPR	C	-0.01%
FTNT	C	-0.01%
FRT	B	-0.01%
FNF	B	-0.01%
EW	C	-0.01%
EVRG	A	-0.01%
ETR	B	-0.01%
ETN	A	-0.01%
CAG	F	-0.01%
BSX	A	-0.01%
BRX	A	-0.01%
AAT	B	-0.01%
AAP	D	-0.01%
CAT	B	-0.01%
PEG	A	-0.01%
PECO	A	-0.01%
DOC	C	-0.01%
DHR	F	-0.01%
DHI	F	-0.01%
DG	F	-0.01%
DFS	B	-0.01%
EL	F	-0.01%
EFX	F	-0.01%
FE	C	-0.01%
EE	A	-0.01%
EA	A	-0.01%
DXC	B	-0.01%
CTS	C	-0.01%
DTE	C	-0.01%
CSL	C	-0.01%
FMC	D	-0.01%
FLS	B	-0.01%
FLO	D	-0.01%
DOX	D	-0.01%
BC	C	-0.01%
BBY	D	-0.01%
ALLE	C	-0.01%
ALL	A	-0.01%
COE	C	-0.01%
BAX	F	-0.01%
AIZ	A	-0.01%
CNO	B	-0.01%
AZO	C	-0.01%
CNA	C	-0.01%
CMI	A	-0.01%
AXS	A	-0.01%
AVT	C	-0.01%
CME	B	-0.01%
CMA	B	-0.01%
CLX	A	-0.01%
AVB	B	-0.01%
AGR	A	-0.01%
AGO	B	-0.01%
ATO	A	-0.01%
CL	D	-0.01%
CINF	A	-0.01%
AES	F	-0.01%
AEP	C	-0.01%
AEE	A	-0.01%
ADP	A	-0.01%
ADM	D	-0.01%
CHRW	B	-0.01%
CHH	A	-0.01%
CHD	A	-0.01%
BMO	A	-0.01%
ARW	D	-0.01%
ADC	A	-0.01%
ACGL	C	-0.01%
CF	A	-0.01%
ARE	F	-0.01%
ARCC	A	-0.01%
CE	F	-0.01%
CDNS	B	-0.01%
AON	A	-0.01%
CRM	B	-0.01%
CBT	D	-0.01%
CBOE	C	-0.01%
BEN	C	-0.01%
AN	C	-0.01%
AMP	A	-0.01%
CACC	D	-0.01%
CPT	B	-0.01%
BDN	C	-0.01%
BCSF	C	-0.01%
AMH	C	-0.01%
AMG	B	-0.01%
AAL	B	-0.01%
TGT	F	-0.01%
TDY	B	-0.01%
TAP	C	-0.01%
TRV	B	-0.01%
XYL	D	-0.01%
XRAY	F	-0.01%
TMO	F	-0.01%
TKR	D	-0.01%
TJX	A	-0.01%
PH	A	-0.01%
PG	C	-0.01%
OPI	F	-0.01%
LII	A	-0.01%
LEN	D	-0.01%
LEG	F	-0.01%
LAZ	B	-0.01%
MRVL	B	-0.01%
MRO	B	-0.01%
MP	C	-0.01%
KIM	A	-0.01%
KEYS	A	-0.01%
KEX	B	-0.01%
K	A	-0.01%
GIS	D	-0.01%
KSS	F	-0.01%
KRG	B	-0.01%
KRC	B	-0.01%
KR	B	-0.01%
KOF	F	-0.01%
KMI	A	-0.01%
KLAC	F	-0.01%
GD	D	-0.01%
UPS	C	-0.01%
WELL	A	-0.01%
UHS	D	-0.01%
UDR	B	-0.01%
WBS	A	-0.01%
WBA	F	-0.01%
WAB	B	-0.01%
TXT	D	-0.01%
TT	A	-0.01%
TSLX	C	-0.01%
TSCO	D	-0.01%
SWX	B	-0.01%
SWKS	F	-0.01%
VOYA	B	-0.01%
VNO	C	-0.01%
VMI	B	-0.01%
SUI	C	-0.01%
STT	B	-0.01%
VMC	B	-0.01%
VLO	C	-0.01%
STLA	F	-0.01%
STE	D	-0.01%
WY	F	-0.01%
WU	F	-0.01%
WTRG	B	-0.01%
WEST	C	-0.01%
WRB	A	-0.01%
VFC	C	-0.01%
WMB	A	-0.01%
WM	B	-0.01%
WLK	D	-0.01%
WHR	B	-0.01%
PNW	A	-0.01%
SNA	A	-0.01%
RYN	D	-0.01%
PNR	A	-0.01%
QRVO	F	-0.01%
PM	B	-0.01%
PLD	F	-0.01%
SLB	C	-0.01%
SJM	D	-0.01%
RSG	A	-0.01%
QCOM	F	-0.01%
SIGI	C	-0.01%
RPRX	D	-0.01%
ROP	B	-0.01%
ROK	C	-0.01%
RNR	C	-0.01%
RJF	A	-0.01%
PSEC	D	-0.01%
PSA	C	-0.01%
RF	A	-0.01%
SBRA	C	-0.01%
REG	A	-0.01%
PRE	D	-0.01%
PPL	A	-0.01%
SO	C	-0.01%
MAR	A	-0.01%
MAIN	A	-0.01%
MAA	B	-0.01%
NOC	D	-0.01%
OMC	C	-0.01%
MRK	D	-0.01%
USB	A	-0.01%
UNH	B	-0.01%
UAL	A	-0.01%
RY	A	-0.01%
SHW	B	-0.01%
SCCO	F	-0.01%
BHP	F	-0.01%
BDX	F	-0.01%
CARR	C	-0.01%
DIS	B	-0.01%
DD	C	-0.01%
DB	D	-0.01%
EDC	F	-0.01%
COF	C	-0.01%
NEE	C	-0.01%
MET	A	-0.01%
GSK	F	-0.01%
HAL	C	-0.01%
EPD	A	-0.01%
GM	C	-0.01%
GILD	C	-0.01%
KO	D	-0.01%
SRE	A	-0.01%
WMT	A	-0.01%
PNC	B	-0.01%
PFE	F	-0.01%
PRU	A	-0.01%
AIG	B	-0.01%
CI	D	-0.01%
BNS	A	-0.01%
CFG	B	-0.01%
COP	C	-0.01%
TFC	A	-0.01%
HPE	B	-0.01%
HD	B	-0.01%
HCA	F	-0.01%
EQNR	C	-0.01%
FOXA	A	-0.01%
CB	C	-0.01%
PEP	F	-0.01%
D	C	-0.01%
CSCO	B	-0.01%
FITB	B	-0.01%
ALLY	C	-0.01%
BABA	D	-0.01%
LUV	C	-0.01%
NI	A	-0.01%
VOD	F	-0.01%
RTX	D	-0.01%
AZN	F	-0.01%
IBM	C	-0.01%
DT	D	-0.01%
ORCL	A	-0.01%
NWG	A	-0.01%
CHTR	C	-0.01%
BMY	B	-0.01%
ABT	B	-0.01%
AMZN	C	-0.01%
AMGN	F	-0.01%
DELL	B	-0.01%
MUFG	B	-0.01%
MS	A	-0.01%
INTC	C	-0.01%
C	A	-0.01%
AXP	A	-0.01%
VZ	C	-0.01%
PCG	A	-0.01%
TD	D	-0.01%
WFC	A	-0.01%
TMUS	B	-0.01%
MSFT	D	-0.01%
GS	A	-0.01%
JPM	A	-0.01%
BA	F	-0.01%
HSBC	A	-0.01%
ABBV	F	-0.01%
BAC	A	-0.01%
GE	D	-0.01%