LBAY vs. BSV ETF Comparison

Comparison of Leatherback Long/Short Alternative Yield ETF (LBAY) to Vanguard Short-Term Bond ETF (BSV)

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

BSV

Vanguard Short-Term Bond ETF

BSV Description

The investment seeks to track the performance of a market-weighted bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 1 and 5 years and are publicly issued. 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

$77.35

Average Daily Volume

2,070,466

Number of Holdings ^*

441

* may have additional holdings in another (foreign) market

Performance

Period	LBAY	BSV
30 Days	-3.99%	-0.39%
60 Days	-3.40%	-1.31%
90 Days	-2.87%	-0.35%
12 Months	5.05%	5.42%

31 Overlapping Holdings

Symbol	Grade	Weight in LBAY	Weight in BSV	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%	0.02%	0.02%
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%	0.02%	0.02%
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 BSV

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 410 Positions Relative to BSV

Symbol	Grade	Weight
WIT	B	-0.26%
CARR	C	-0.03%
STLA	F	-0.02%
TAP	C	-0.02%
BIIB	F	-0.02%
KLAC	F	-0.02%
NOC	D	-0.02%
NI	A	-0.02%
VOD	F	-0.02%
ETN	A	-0.02%
MCHP	F	-0.02%
OTIS	C	-0.02%
DD	C	-0.02%
VZ	C	-0.02%
CHTR	C	-0.02%
NNN	C	-0.01%
NEU	D	-0.01%
NDAQ	A	-0.01%
NVT	B	-0.01%
NTAP	C	-0.01%
MOS	F	-0.01%
MAS	D	-0.01%
PCAR	B	-0.01%
MA	B	-0.01%
MLM	C	-0.01%
LNC	C	-0.01%
MHK	D	-0.01%
LIN	C	-0.01%
OGS	A	-0.01%
LDOS	C	-0.01%
MCO	B	-0.01%
IVZ	B	-0.01%
HRL	D	-0.01%
HP	C	-0.01%
HOG	D	-0.01%
INTU	B	-0.01%
JHG	B	-0.01%
HES	B	-0.01%
JEF	A	-0.01%
JD	D	-0.01%
IFF	D	-0.01%
HAS	D	-0.01%
L	A	-0.01%
JCI	B	-0.01%
H	B	-0.01%
GXO	B	-0.01%
KMPR	A	-0.01%
KMB	C	-0.01%
ES	C	-0.01%
EQR	C	-0.01%
EQH	C	-0.01%
EPR	C	-0.01%
DHI	F	-0.01%
FTNT	C	-0.01%
EL	F	-0.01%
EFX	F	-0.01%
FRT	B	-0.01%
EA	A	-0.01%
FNB	A	-0.01%
DXC	B	-0.01%
CSL	C	-0.01%
FMC	D	-0.01%
FLS	B	-0.01%
GBDC	D	-0.01%
BC	C	-0.01%
ALLE	C	-0.01%
BAX	F	-0.01%
AIZ	A	-0.01%
CNA	C	-0.01%
CMI	A	-0.01%
AVT	C	-0.01%
CLX	A	-0.01%
AVB	B	-0.01%
BRX	A	-0.01%
ATO	A	-0.01%
AEP	C	-0.01%
AEE	A	-0.01%
ADM	D	-0.01%
CHD	A	-0.01%
ARW	D	-0.01%
CF	A	-0.01%
BKU	A	-0.01%
CE	F	-0.01%
CDNS	B	-0.01%
AON	A	-0.01%
A	D	-0.01%
BEN	C	-0.01%
AN	C	-0.01%
CACC	D	-0.01%
CPT	B	-0.01%
BDN	C	-0.01%
BCSF	C	-0.01%
AMG	B	-0.01%
THG	A	-0.01%
UNM	A	-0.01%
WEC	A	-0.01%
TEL	B	-0.01%
WAL	B	-0.01%
SYK	B	-0.01%
SWK	D	-0.01%
VNT	C	-0.01%
TRMB	B	-0.01%
XEL	A	-0.01%
WPC	C	-0.01%
SLG	B	-0.01%
SKT	A	-0.01%
SITC	D	-0.01%
RS	B	-0.01%
ROST	D	-0.01%
PVH	C	-0.01%
PHM	D	-0.01%
RL	C	-0.01%
PFG	D	-0.01%
DOC	C	-0.01%
RGA	A	-0.01%
PPG	F	-0.01%
SNX	D	-0.01%
SNV	C	-0.01%
MAIN	A	-0.01%
MAA	B	-0.01%
NFG	A	-0.01%
ORLY	B	-0.01%
OPI	F	-0.01%
LNT	A	-0.01%
LII	A	-0.01%
OCSL	F	-0.01%
OC	A	-0.01%
LEG	F	-0.01%
MSI	B	-0.01%
LAZ	B	-0.01%
NTRS	A	-0.01%
MRVL	B	-0.01%
MCK	A	-0.01%
PDM	D	-0.01%
NSC	B	-0.01%
MP	C	-0.01%
KIM	A	-0.01%
KEYS	A	-0.01%
K	A	-0.01%
GSBD	F	-0.01%
HUBB	B	-0.01%
HSY	F	-0.01%
HRB	D	-0.01%
JNPR	D	-0.01%
IPG	D	-0.01%
IP	A	-0.01%
HII	F	-0.01%
ILMN	C	-0.01%
JBHT	C	-0.01%
GWW	B	-0.01%
KSS	F	-0.01%
KRC	B	-0.01%
KR	B	-0.01%
FHN	A	-0.01%
EMR	B	-0.01%
EMN	C	-0.01%
FTV	C	-0.01%
FDX	B	-0.01%
ED	C	-0.01%
CUBE	C	-0.01%
DVN	F	-0.01%
CTVA	C	-0.01%
FAF	A	-0.01%
FLEX	B	-0.01%
DOW	F	-0.01%
DOV	A	-0.01%
COKE	C	-0.01%
ALB	B	-0.01%
CNP	A	-0.01%
CNH	C	-0.01%
BWA	D	-0.01%
BABA	D	-0.01%
CMS	C	-0.01%
AWH	F	-0.01%
AFG	A	-0.01%
BRO	B	-0.01%
BR	A	-0.01%
ADSK	A	-0.01%
ADI	D	-0.01%
CFG	B	-0.01%
BKH	A	-0.01%
APTV	F	-0.01%
APH	A	-0.01%
AMAT	F	-0.01%
CP	F	-0.01%
COST	A	-0.01%
UDR	B	-0.01%
UAL	A	-0.01%
TDY	B	-0.01%
WAB	B	-0.01%
TXT	D	-0.01%
TSLX	C	-0.01%
SWKS	F	-0.01%
VOYA	B	-0.01%
VNO	C	-0.01%
VMC	B	-0.01%
WY	F	-0.01%
WU	F	-0.01%
VFC	C	-0.01%
TKR	D	-0.01%
WM	B	-0.01%
WHR	B	-0.01%
PNW	A	-0.01%
ROK	C	-0.01%
RNR	C	-0.01%
PSEC	D	-0.01%
PSA	C	-0.01%
SCCO	F	-0.01%
RF	A	-0.01%
SBRA	C	-0.01%
GLPI	C	-0.01%
HAL	C	-0.01%
KO	D	-0.01%
ESS	B	-0.01%
KEY	B	-0.01%
KDP	F	-0.01%
HUM	C	-0.01%
NUE	C	-0.01%
LYB	F	-0.01%
OHI	C	-0.01%
LH	B	-0.01%
MET	A	-0.01%
O	C	-0.01%
NXPI	D	-0.01%
MDLZ	F	-0.01%
BHP	F	-0.01%
CRM	B	-0.01%
AZO	C	-0.01%
CME	B	-0.01%
AGR	A	-0.01%
CL	D	-0.01%
DHR	F	-0.01%
DTE	C	-0.01%
EVRG	A	-0.01%
ETR	B	-0.01%
CNO	B	-0.01%
HST	C	-0.01%
GP	F	-0.01%
MAR	A	-0.01%
LRCX	F	-0.01%
MKC	C	-0.01%
AMGN	F	-0.01%
WB	D	-0.01%
VTR	B	-0.01%
SYY	D	-0.01%
SYF	B	-0.01%
ZTS	D	-0.01%
VRSK	A	-0.01%
STLD	B	-0.01%
SRE	A	-0.01%
R	B	-0.01%
PKG	A	-0.01%
PYPL	B	-0.01%
PRU	A	-0.01%
PEG	A	-0.01%
AES	F	-0.01%
ADP	A	-0.01%
ABT	B	-0.01%
HBAN	A	-0.01%
KMI	A	-0.01%
DLTR	F	-0.01%
EOG	A	-0.01%
DGX	A	-0.01%
EIX	B	-0.01%
FSK	A	-0.01%
D	C	-0.01%
LEN	D	-0.01%
NVDA	B	-0.01%
ITW	B	-0.01%
TT	A	-0.01%
AFL	B	-0.01%
ADBE	C	-0.01%
BLK	B	-0.01%
BIDU	F	-0.01%
FANG	C	-0.01%
CSX	C	-0.01%
CSCO	B	-0.01%
EXPE	B	-0.01%
EXC	C	-0.01%
CAH	B	-0.01%
AL	B	-0.01%
BXP	C	-0.01%
TJX	A	-0.01%
WLK	D	-0.01%
PM	B	-0.01%
RSG	A	-0.01%
SHW	B	-0.01%
ROP	B	-0.01%
PG	C	-0.01%
PPL	A	-0.01%
AMT	C	-0.01%
COP	C	-0.01%
STT	B	-0.01%
VLO	C	-0.01%
TMO	F	-0.01%
WEST	C	-0.01%
WMB	A	-0.01%
SLB	C	-0.01%
QCOM	F	-0.01%
RPRX	D	-0.01%
PH	A	-0.01%
CB	C	-0.01%
CPB	D	-0.01%
USB	A	-0.01%
UPS	C	-0.01%
TGT	F	-0.01%
UNH	B	-0.01%
WBA	F	-0.01%
AIG	B	-0.01%
CM	A	-0.01%
AER	A	-0.01%
BK	A	-0.01%
CCI	C	-0.01%
DUK	C	-0.01%
GD	D	-0.01%
ALLY	C	-0.01%
CAF	D	-0.01%
ET	A	-0.01%
FOXA	A	-0.01%
OMC	C	-0.01%
MCD	D	-0.01%
MRK	D	-0.01%
GPN	B	-0.01%
HON	C	-0.01%
JNJ	C	-0.01%
GIS	D	-0.01%
HD	B	-0.01%
GE	D	-0.01%
SBUX	A	-0.01%
SPG	A	-0.01%
LVS	B	-0.01%
NKE	F	-0.01%
MMC	B	-0.01%
PAA	B	-0.01%
TFC	A	-0.01%
TXN	C	-0.01%
STZ	D	-0.01%
PNC	B	-0.01%
RTX	D	-0.01%
PSX	C	-0.01%
PFE	F	-0.01%
ARE	F	-0.01%
ARCC	A	-0.01%
BDX	F	-0.01%
AMP	A	-0.01%
CAT	B	-0.01%
CMA	B	-0.01%
BSX	A	-0.01%
DIS	B	-0.01%
DG	F	-0.01%
DFS	B	-0.01%
EDC	F	-0.01%
ALL	A	-0.01%
COE	C	-0.01%
CAG	F	-0.01%
GOOGL	C	-0.01%
HPQ	B	-0.01%
MPLX	A	-0.01%
GSK	F	-0.01%
LOW	C	-0.01%
OKE	A	-0.01%
MU	D	-0.01%
MTB	A	-0.01%
AMZN	C	-0.01%
AXP	A	-0.01%
EPD	A	-0.01%
DB	D	-0.01%
COF	C	-0.01%
INTC	C	-0.01%
GILD	C	-0.01%
MPC	D	-0.01%
NEE	C	-0.01%
RY	A	-0.01%
PEP	F	-0.01%
AZN	F	-0.01%
BNS	A	-0.01%
FITB	B	-0.01%
HCA	F	-0.01%
EQNR	C	-0.01%
CVX	A	-0.01%
NWG	A	-0.01%
IBM	C	-0.01%
HPE	B	-0.01%
SCHW	B	-0.01%
PCG	A	-0.01%
LUV	C	-0.01%
LMT	D	-0.01%
TSN	B	-0.01%
WMT	A	-0.01%
SO	C	-0.01%
TMUS	B	-0.01%
WELL	A	-0.01%
TD	D	-0.01%
CI	D	-0.01%
ORCL	A	-0.01%
BMO	A	-0.01%
GM	C	-0.01%
ABBV	F	-0.01%
BMY	B	-0.01%
GS	A	-0.01%
MSFT	D	-0.01%
MUFG	B	-0.01%
BA	F	-0.01%
HSBC	A	-0.01%
DELL	B	-0.01%
WFC	A	-0.01%
C	A	-0.01%
MS	A	-0.01%
BAC	A	-0.01%
JPM	A	-0.01%