LBAY vs. BTAL ETF Comparison

Comparison of Leatherback Long/Short Alternative Yield ETF (LBAY) to QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL)

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

$25.92

Average Daily Volume

3,030

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BTAL

QuantShares U.S. Market Neutral Anti Beta Fund ETF

BTAL Description

The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Anti-Beta Index. The Target Anti-Beta Index is a market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

Grade (RS Rating)

Last Trade

$19.26

Average Daily Volume

301,078

Number of Holdings ^*

388

* may have additional holdings in another (foreign) market

Performance

Period	LBAY	BTAL
30 Days	-4.36%	3.77%
60 Days	-1.31%	2.67%
90 Days	-1.49%	3.60%
12 Months	0.58%	1.37%

20 Overlapping Holdings

Symbol	Grade	Weight in LBAY	Weight in BTAL	Overlap
ABBV	B	4.32%	0.45%	0.45%
AGNC	A	4.2%	-0.44%	-0.44%
AVGO	A	-1.73%	-0.53%	-1.73%
AWK	B	4.18%	-0.45%	-0.45%
BG	C	5.26%	0.41%	0.41%
BLK	D	-1.67%	-0.4%	-1.67%
CARR	B	2.81%	-0.44%	-0.44%
CMG	A	-1.85%	0.34%	-1.85%
DAL	C	-0.97%	-0.43%	-0.97%
DASH	D	-1.69%	-0.44%	-1.69%
JNJ	F	2.95%	0.43%	0.43%
NEM	B	3.75%	0.4%	0.4%
OLLI	B	-1.48%	0.46%	-1.48%
ORI	C	4.74%	0.4%	0.4%
PKG	B	4.25%	0.43%	0.43%
SITE	F	-1.19%	-0.37%	-1.19%
SQ	F	-1.36%	-0.41%	-1.36%
TSLA	C	-1.86%	-0.44%	-1.86%
WM	C	2.44%	0.42%	0.42%
XOM	D	5.09%	0.4%	0.4%

LBAY Overweight 33 Positions Relative to BTAL

Symbol	Grade	Weight
FIS	B	5.05%
V	D	4.87%
ZBH	F	4.41%
ICE	B	4.24%
APD	B	4.14%
LHX	B	3.97%
MDT	C	3.84%
CMCSA	F	3.82%
MMM	B	3.47%
UNP	D	3.25%
DPZ	B	3.19%
LW	C	3.1%
MTN	F	3.05%
PCH	F	2.83%
KDP	B	2.82%
KO	B	2.77%
RIO	D	2.56%
BKNG	A	2.51%
MSCI	D	2.5%
SPGI	B	2.43%
SOLV	F	1.72%
NFLX	A	-0.98%
FIX	C	-1.0%
IRM	A	-1.0%
BURL	B	-1.06%
DKS	B	-1.09%
VRT	D	-1.36%
PLNT	B	-1.5%
EQIX	C	-1.56%
AAPL	B	-1.61%
DLR	A	-1.66%
RCL	B	-1.79%
SF	D	-1.93%

LBAY Underweight 368 Positions Relative to BTAL

Symbol	Grade	Weight
TPL	B	-0.56%
MKL	C	-0.49%
BMRN	C	-0.48%
AGL	C	-0.48%
HPQ	B	-0.47%
VFC	C	-0.47%
SRPT	C	-0.47%
GWRE	B	-0.47%
ULTA	D	-0.46%
ROP	B	-0.46%
LLY	A	-0.46%
AON	C	-0.46%
HQY	B	-0.45%
CACI	A	-0.45%
NEU	D	-0.45%
FOXF	C	-0.45%
HUM	C	-0.45%
GLW	B	-0.45%
LULU	F	-0.45%
MUSA	B	-0.45%
ELV	B	-0.45%
HEI	A	-0.45%
VRSN	C	-0.45%
NTAP	A	-0.45%
TJX	A	-0.45%
SBAC	D	-0.45%
BMY	F	-0.44%
O	B	-0.44%
CHD	A	-0.44%
WELL	A	-0.44%
JNPR	B	-0.44%
ROL	A	-0.44%
BRO	A	-0.44%
HON	A	-0.44%
AME	D	-0.44%
OHI	A	-0.44%
CHH	D	-0.44%
KMI	B	-0.44%
MMC	A	-0.44%
VRSK	A	-0.44%
AVB	A	-0.44%
TMUS	B	-0.44%
CLH	A	-0.44%
HRB	B	-0.44%
ALKS	C	-0.44%
WH	C	-0.44%
HLT	B	-0.44%
BJ	B	-0.43%
EDR	A	-0.43%
IBM	C	-0.43%
MCD	D	-0.43%
DCI	D	-0.43%
PGR	D	-0.43%
XEL	D	-0.43%
PNW	B	-0.43%
L	D	-0.43%
GPC	D	-0.43%
EQR	B	-0.43%
SO	B	-0.43%
WTW	D	-0.43%
BWXT	D	-0.43%
GD	C	-0.43%
FTNT	D	-0.43%
VZ	C	-0.43%
ELS	C	-0.43%
DECK	B	-0.43%
RSG	C	-0.43%
AMCR	B	-0.43%
LMT	C	-0.43%
ON	C	-0.43%
T	B	-0.43%
MCK	A	-0.43%
LNG	D	-0.43%
MRK	B	-0.43%
YUM	C	-0.43%
PNM	C	-0.43%
ADC	B	-0.43%
MSI	A	-0.43%
CPB	C	-0.42%
CSCO	F	-0.42%
MDU	C	-0.42%
PCAR	D	-0.42%
ACGL	B	-0.42%
MAN	D	-0.42%
CHRW	B	-0.42%
MSFT	A	-0.42%
DLB	F	-0.42%
CINF	D	-0.42%
UNH	C	-0.42%
MSM	F	-0.42%
DRI	D	-0.42%
ORLY	C	-0.42%
RNR	C	-0.42%
PAG	D	-0.42%
HIG	B	-0.42%
AEE	D	-0.42%
RTX	B	-0.42%
WRB	D	-0.42%
FOXA	B	-0.42%
GIS	D	-0.42%
GILD	D	-0.42%
WEC	D	-0.42%
MOH	F	-0.42%
CI	D	-0.42%
FLO	D	-0.42%
GLPI	C	-0.42%
DGX	B	-0.42%
ALL	D	-0.42%
SNX	A	-0.42%
WPC	D	-0.42%
SBRA	B	-0.42%
FFIV	D	-0.42%
SNA	D	-0.42%
CW	C	-0.42%
AIZ	D	-0.42%
J	D	-0.42%
LNT	C	-0.42%
X	F	-0.42%
VICI	D	-0.42%
DUK	B	-0.42%
CDW	D	-0.42%
SLGN	D	-0.41%
CNC	D	-0.41%
DOX	F	-0.41%
CTSH	D	-0.41%
CBOE	D	-0.41%
AMGN	B	-0.41%
TNET	F	-0.41%
OXY	D	-0.41%
FLS	D	-0.41%
KR	D	-0.41%
KBR	D	-0.41%
ED	D	-0.41%
LPLA	B	-0.41%
RYAN	C	-0.41%
MPC	D	-0.41%
RLI	D	-0.41%
MSA	C	-0.41%
DD	B	-0.41%
TRV	D	-0.41%
AXS	B	-0.41%
CSX	D	-0.41%
TXRH	B	-0.41%
SIGI	F	-0.41%
TSCO	B	-0.41%
CACC	F	-0.41%
TDY	D	-0.41%
CMS	C	-0.41%
WEN	F	-0.41%
CB	B	-0.41%
PFE	C	-0.41%
TXT	D	-0.41%
FCN	D	-0.41%
AVT	B	-0.41%
CHE	D	-0.4%
FANG	D	-0.4%
NOC	F	-0.4%
ST	C	-0.4%
THG	D	-0.4%
RGA	B	-0.4%
UNM	D	-0.4%
ASGN	D	-0.4%
ERIE	D	-0.4%
SFM	B	-0.4%
TGNA	F	-0.39%
MUR	D	-0.39%
DBX	F	-0.39%
CME	D	-0.39%
CF	D	-0.39%
KHC	D	-0.39%
EG	D	-0.39%
IBKR	B	-0.39%
CFLT	C	-0.39%
CTVA	D	-0.39%
MOS	F	-0.38%
WTM	C	-0.37%
FMC	F	-0.37%
FIVE	F	-0.36%
SAIC	D	-0.36%
DG	F	-0.36%
PAYC	F	-0.35%
LSCC	F	-0.34%
AZO	C	-0.3%
PATH	F	--0.26%
MDB	F	--0.27%
IOT	F	--0.33%
CELH	F	--0.33%
RGEN	F	--0.34%
FYBR	B	--0.35%
ALB	F	--0.36%
VST	B	--0.36%
RNG	D	--0.36%
OZK	F	--0.36%
TXG	F	--0.37%
BRZE	F	--0.37%
SEDG	F	--0.37%
SHLS	F	--0.37%
AA	C	--0.38%
OWL	D	--0.38%
RIG	F	--0.38%
U	F	--0.38%
TDOC	F	--0.38%
DAR	F	--0.38%
W	F	--0.39%
EL	F	--0.39%
EXAS	F	--0.39%
CLVT	F	--0.39%
VEEV	D	--0.39%
FCX	D	--0.39%
CSGP	F	--0.39%
TOST	C	--0.39%
GNRC	C	--0.39%
SLB	F	--0.4%
IQV	D	--0.4%
WCC	C	--0.4%
COTY	F	--0.4%
UGI	D	--0.4%
AES	B	--0.4%
VLY	F	--0.4%
WBS	F	--0.4%
ALIT	F	--0.4%
CG	D	--0.4%
LYFT	D	--0.4%
BLDR	D	--0.4%
URI	D	--0.4%
ROKU	F	--0.41%
KEY	D	--0.41%
D	C	--0.41%
JEF	C	--0.41%
CMA	D	--0.41%
SSD	D	--0.41%
POWI	C	--0.41%
WAL	D	--0.41%
CNXC	D	--0.41%
CC	D	--0.41%
OPEN	F	--0.41%
MRNA	B	--0.41%
BKH	D	--0.41%
XPO	D	--0.41%
AVA	D	--0.41%
UAA	D	--0.41%
TPG	C	--0.41%
TWLO	F	--0.41%
FFIN	D	--0.41%
CE	D	--0.41%
GTLS	F	--0.41%
SNV	D	--0.41%
ZI	F	--0.41%
DAY	F	--0.41%
LEN	D	--0.41%
CHX	F	--0.41%
MRVL	B	--0.41%
TGT	D	--0.42%
IDXX	C	--0.42%
ETRN	B	--0.42%
USFD	C	--0.42%
USB	D	--0.42%
CRL	F	--0.42%
EQT	C	--0.42%
ITT	D	--0.42%
INTC	F	--0.42%
KRC	F	--0.42%
JHG	B	--0.42%
ZION	D	--0.42%
CAR	F	--0.42%
LNC	B	--0.42%
PNFP	D	--0.42%
NVCR	C	--0.42%
CEG	B	--0.42%
CHK	D	--0.42%
TREX	C	--0.43%
WBA	F	--0.43%
HCP	A	--0.43%
TER	B	--0.43%
IAC	F	--0.43%
NET	D	--0.43%
TTD	B	--0.43%
AXON	C	--0.43%
TOL	C	--0.43%
CFG	D	--0.43%
PNR	D	--0.43%
MHK	D	--0.43%
ABNB	D	--0.43%
MPWR	A	--0.43%
TROW	B	--0.43%
NWE	C	--0.43%
PYPL	D	--0.43%
LAMR	C	--0.43%
TRU	D	--0.43%
AR	B	--0.43%
CWEN	B	--0.43%
RYN	C	--0.44%
REXR	D	--0.44%
DOCS	B	--0.44%
RUN	C	--0.44%
BLD	B	--0.44%
SEE	C	--0.44%
AXTA	B	--0.44%
NTRA	B	--0.44%
COIN	B	--0.44%
ELF	B	--0.44%
SWK	D	--0.44%
SHW	D	--0.44%
SNAP	B	--0.44%
TFX	D	--0.44%
CBRE	D	--0.44%
WMS	C	--0.44%
EFX	B	--0.44%
CUZ	C	--0.44%
CVNA	C	--0.44%
RMBS	D	--0.44%
EXP	D	--0.44%
DUOL	C	--0.44%
THO	F	--0.44%
BX	C	--0.44%
GXO	F	--0.44%
ENPH	C	--0.44%
MGM	D	--0.45%
NVT	B	--0.45%
AMKR	B	--0.45%
LPX	B	--0.45%
JLL	B	--0.45%
ALLY	C	--0.45%
PINS	B	--0.45%
KKR	B	--0.45%
ILMN	F	--0.45%
RMD	B	--0.45%
RH	D	--0.46%
ICUI	B	--0.46%
APG	B	--0.46%
RIVN	C	--0.46%
WOLF	C	--0.46%
PLD	C	--0.46%
LITE	B	--0.46%
FOUR	C	--0.46%
FND	B	--0.46%
DKNG	C	--0.46%
SMCI	C	--0.46%
BXP	C	--0.46%
ELAN	B	--0.46%
MKSI	B	--0.46%
CCL	C	--0.46%
SMG	D	--0.46%
ALGN	F	--0.46%
ZS	C	--0.47%
VNO	C	--0.47%
RBLX	F	--0.47%
NCLH	D	--0.47%
MU	A	--0.47%
UBER	C	--0.48%
SAM	C	--0.48%
EXPE	C	--0.48%
SAIA	D	--0.48%
ARWR	C	--0.48%
PLTR	B	--0.48%
NTLA	C	--0.49%
CZR	F	--0.49%
HOOD	B	--0.49%
AFRM	F	--0.49%
CRSP	B	--0.51%
DNLI	C	--0.51%
COHR	A	--0.52%
GH	B	--0.52%
Z	B	--0.53%
NVDA	A	--0.54%
PENN	C	--0.54%
PTON	C	--0.54%
CHWY	C	--0.59%