LBAY vs. FTLS ETF Comparison

Comparison of Leatherback Long/Short Alternative Yield ETF (LBAY) to First Trust Long/Short Equity (FTLS)

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

FTLS

First Trust Long/Short Equity

FTLS Description

The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.59

Average Daily Volume

128,344

Number of Holdings ^*

384

* may have additional holdings in another (foreign) market

Performance

Period	LBAY	FTLS
30 Days	-3.99%	1.17%
60 Days	-3.40%	4.53%
90 Days	-2.87%	3.65%
12 Months	5.05%	20.51%

15 Overlapping Holdings

Symbol	Grade	Weight in LBAY	Weight in FTLS	Overlap
AAPL	C	-1.53%	7.44%	-1.53%
APD	A	3.11%	-0.7%	-0.7%
AVGO	D	-1.54%	1.06%	-1.54%
BURL	B	-1.26%	-0.03%	-1.26%
CMCSA	B	4.57%	-0.65%	-0.65%
DE	B	2.68%	-0.48%	-0.48%
FIS	C	4.54%	1.0%	1.0%
LLY	F	-1.48%	0.84%	-1.48%
MMM	D	3.53%	-0.3%	-0.3%
MO	A	4.64%	1.51%	1.51%
ORI	A	4.77%	0.15%	0.15%
TOL	B	-1.54%	0.65%	-1.54%
TSLA	B	-1.45%	-0.32%	-1.45%
XOM	B	4.78%	-0.45%	-0.45%
ZBH	C	4.41%	-0.36%	-0.36%

LBAY Overweight 37 Positions Relative to FTLS

Symbol	Grade	Weight
LW	C	4.96%
NEM	D	4.59%
BG	D	4.57%
VTRS	A	4.48%
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%
AWK	C	3.45%
BKNG	A	3.37%
RIO	D	3.28%
MSCI	C	3.15%
SPGI	C	2.92%
PCH	F	2.79%
SHAK	C	-1.21%
DKS	D	-1.21%
SITE	F	-1.27%
RBLX	C	-1.29%
EQIX	A	-1.38%
EVR	B	-1.46%
SF	B	-1.48%
DKNG	B	-1.49%
DLR	B	-1.51%
CVNA	B	-1.53%
DAL	B	-1.53%
PLNT	A	-1.54%
SQ	A	-1.56%
VRT	B	-1.63%
OLLI	D	-1.69%
DUOL	A	-1.85%

LBAY Underweight 369 Positions Relative to FTLS

Symbol	Grade	Weight
NVDA	B	-4.84%
MSFT	D	-4.45%
AMZN	C	-2.74%
TMUS	B	-2.32%
SCHW	B	-2.26%
C	A	-2.18%
LOW	C	-2.16%
ACN	B	-2.11%
PM	B	-1.92%
QCOM	F	-1.88%
JNJ	C	-1.85%
META	D	-1.77%
FDX	B	-1.69%
PH	A	-1.64%
CME	B	-1.57%
VLO	C	-1.43%
GOOGL	C	-1.4%
MPC	D	-1.37%
USB	A	-1.35%
KMI	A	-1.23%
LNG	A	-1.19%
CL	D	-1.17%
GOOG	C	-1.17%
BRK.A	B	-1.13%
ILMN	C	-1.13%
CTAS	B	-1.09%
TRV	B	-1.05%
TFC	A	-1.02%
HPQ	B	-1.0%
HWM	A	-0.97%
JPM	A	-0.93%
ALL	A	-0.88%
SYY	D	-0.83%
FANG	C	-0.83%
SYF	B	-0.79%
NTAP	C	-0.75%
PBR	D	-0.73%
JBL	C	-0.73%
TWLO	A	-0.72%
AFL	B	-0.7%
RL	C	-0.67%
EAT	A	-0.65%
CSL	C	-0.6%
PNR	A	-0.56%
CF	A	-0.55%
NVR	D	-0.55%
INSM	C	-0.54%
VLTO	C	-0.49%
BJ	A	-0.47%
MAS	D	-0.46%
GEN	B	-0.45%
VRSN	C	-0.45%
OKTA	C	-0.45%
CROX	D	-0.44%
ZIM	C	-0.44%
FLEX	B	-0.44%
NTRS	A	-0.42%
GL	C	-0.41%
NVS	F	-0.41%
FFIV	B	-0.4%
VICI	C	-0.4%
PENN	C	-0.4%
SWK	D	-0.4%
CAG	F	-0.38%
DBX	B	-0.36%
EXP	B	-0.35%
CRS	B	-0.34%
SNA	A	-0.33%
TKO	A	-0.32%
WRB	A	-0.32%
JAZZ	B	-0.31%
LPX	B	-0.31%
TTC	C	-0.31%
AYI	B	-0.29%
CCK	D	-0.29%
ALLY	C	-0.29%
PI	D	-0.27%
ASO	F	-0.27%
SPYV	A	-0.26%
SCHV	A	-0.26%
IWD	A	-0.26%
EWBC	A	-0.25%
CNK	C	-0.24%
RPRX	D	-0.23%
KNSL	B	-0.22%
AIZ	A	-0.22%
SAM	C	-0.21%
WHD	B	-0.21%
ALSN	B	-0.2%
MGY	A	-0.2%
MSM	C	-0.2%
COLB	B	-0.19%
UHS	D	-0.19%
HRB	D	-0.19%
EXEL	B	-0.19%
THO	B	-0.18%
PNFP	B	-0.17%
ALKS	C	-0.17%
GLBE	B	-0.17%
ADMA	B	-0.17%
CALM	A	-0.16%
UMBF	B	-0.16%
STNG	F	-0.16%
TWST	F	-0.16%
SFM	A	-0.16%
MATX	C	-0.15%
PRI	B	-0.15%
CRC	A	-0.15%
SKYW	C	-0.15%
GM	C	-0.14%
AXS	A	-0.14%
CSWI	B	-0.13%
PAA	B	-0.13%
GMS	B	-0.13%
CBSH	B	-0.13%
CBT	D	-0.13%
LEG	F	-0.13%
LOGI	D	-0.13%
GFF	A	-0.13%
BFH	C	-0.13%
SIGI	C	-0.13%
FTDR	B	-0.12%
SMPL	B	-0.12%
ZWS	B	-0.12%
VRNA	B	-0.12%
MTG	C	-0.12%
TCBI	C	-0.11%
AM	A	-0.11%
ENLC	A	-0.11%
HESM	B	-0.11%
OPCH	D	-0.11%
PPC	C	-0.11%
BFAM	D	-0.11%
WGO	C	-0.11%
KRG	B	-0.11%
TBBK	B	-0.1%
LOPE	C	-0.1%
THG	A	-0.1%
MMS	F	-0.1%
ABM	B	-0.1%
NSA	C	-0.1%
ESNT	F	-0.09%
KFY	B	-0.09%
PRGS	A	-0.09%
DBRG	F	-0.09%
CARG	B	-0.09%
VCYT	B	-0.09%
CUBI	B	-0.09%
LCII	C	-0.09%
YOU	D	-0.09%
GRBK	D	-0.09%
EXTR	C	-0.09%
GBCI	B	-0.09%
LANC	C	-0.08%
UBSI	B	-0.08%
RDFN	D	-0.08%
TXG	F	-0.08%
EPR	C	-0.08%
KMPR	A	-0.08%
BOH	B	-0.08%
FOLD	F	-0.08%
RLI	A	-0.08%
PAYO	A	-0.08%
NMIH	C	-0.07%
EBC	B	-0.07%
BCRX	D	-0.07%
FHB	B	-0.07%
PBH	A	-0.07%
PLXS	B	-0.07%
WMB	A	-0.07%
REVG	C	-0.07%
AVNT	B	-0.07%
HAYW	B	-0.07%
AZZ	A	-0.07%
ICFI	F	-0.06%
ADUS	D	-0.06%
WFG	C	-0.06%
BRC	D	-0.06%
OTEX	F	-0.06%
PLMR	A	-0.06%
AUB	B	-0.06%
ROIC	A	-0.06%
SUPN	C	-0.06%
MQ	D	-0.06%
COLL	F	-0.05%
TRMD	F	-0.05%
GSL	F	-0.05%
AMPH	F	-0.05%
CDNA	D	-0.04%
MYGN	F	-0.04%
VSAT	F	--0.01%
VIST	B	--0.02%
CBU	B	--0.02%
AMRK	F	--0.02%
GPRE	F	--0.02%
RXST	F	--0.02%
DNB	B	--0.02%
COTY	F	--0.02%
HLN	C	--0.02%
KD	B	--0.02%
RIVN	F	--0.02%
SAIA	B	--0.02%
FRO	D	--0.02%
HON	C	--0.02%
LKFN	C	--0.02%
COHR	B	--0.02%
UWMC	D	--0.02%
WOLF	F	--0.02%
AER	A	--0.02%
IBOC	B	--0.02%
NVEE	F	--0.02%
EA	A	--0.02%
CVX	A	--0.02%
RUN	F	--0.02%
ENS	F	--0.02%
ARM	F	--0.02%
FSLR	F	--0.02%
ASPN	F	--0.02%
OSK	C	--0.03%
BE	B	--0.03%
UTZ	D	--0.03%
HHH	B	--0.03%
PRCT	B	--0.03%
WMT	A	--0.03%
PAR	A	--0.03%
ICHR	C	--0.03%
CNNE	B	--0.03%
GE	D	--0.03%
GKOS	B	--0.03%
BVN	D	--0.03%
SDGR	C	--0.03%
NEOG	F	--0.03%
OSIS	A	--0.03%
NWSA	A	--0.03%
RDY	F	--0.03%
CLH	C	--0.03%
PSMT	D	--0.03%
ARLO	C	--0.03%
AMRC	F	--0.03%
AZTA	D	--0.03%
TMO	F	--0.03%
DIOD	D	--0.03%
SLGN	A	--0.03%
FAST	B	--0.03%
BIRK	D	--0.03%
AMD	F	--0.03%
STZ	D	--0.04%
CTRA	B	--0.04%
GATX	A	--0.04%
ATEC	C	--0.04%
CFLT	B	--0.04%
EQT	B	--0.04%
ERJ	A	--0.04%
AMAT	F	--0.04%
APO	B	--0.04%
FFIN	B	--0.04%
TFIN	B	--0.04%
MARA	B	--0.04%
IRTC	C	--0.04%
CRDO	B	--0.04%
APPN	B	--0.04%
ENR	B	--0.04%
RCL	A	--0.04%
RH	C	--0.04%
ALB	B	--0.04%
LMND	B	--0.05%
SOFI	B	--0.05%
AEO	F	--0.05%
ACVA	B	--0.05%
ACIW	B	--0.05%
VRRM	F	--0.05%
UPST	B	--0.05%
LYFT	C	--0.05%
DLB	B	--0.06%
CDW	F	--0.06%
COP	C	--0.06%
TTD	B	--0.06%
ZD	B	--0.06%
WST	C	--0.06%
MSA	F	--0.06%
VAL	F	--0.06%
VNT	C	--0.07%
KTOS	B	--0.07%
MMYT	B	--0.07%
BA	F	--0.07%
MUFG	B	--0.07%
SSB	B	--0.07%
SE	A	--0.07%
AVY	F	--0.07%
IDCC	B	--0.07%
AVAV	C	--0.07%
HCA	F	--0.07%
MAT	D	--0.08%
CCOI	B	--0.08%
NSIT	F	--0.08%
NXPI	D	--0.08%
R	B	--0.09%
TRMB	B	--0.09%
DY	D	--0.09%
STM	F	--0.1%
GPC	D	--0.1%
VVV	D	--0.1%
ING	F	--0.1%
HII	F	--0.11%
ARGX	B	--0.11%
HAE	C	--0.11%
KEYS	A	--0.12%
SLB	C	--0.12%
HQY	A	--0.13%
BKR	A	--0.13%
STE	D	--0.13%
ABT	B	--0.14%
PKG	A	--0.15%
NFLX	A	--0.15%
TM	F	--0.15%
ASX	D	--0.15%
INTC	C	--0.15%
IPG	D	--0.16%
MU	D	--0.16%
INFY	C	--0.16%
GSK	F	--0.16%
VMC	B	--0.16%
SYK	B	--0.17%
EFX	F	--0.19%
URI	C	--0.2%
GWRE	A	--0.2%
BWXT	B	--0.2%
FMX	F	--0.2%
HSBC	A	--0.21%
PCAR	B	--0.22%
DEO	F	--0.22%
CCEP	C	--0.23%
PANW	B	--0.25%
KR	B	--0.25%
TYL	B	--0.25%
GEHC	D	--0.26%
PG	C	--0.26%
SAP	B	--0.27%
OMC	C	--0.27%
NSC	B	--0.27%
BABA	D	--0.28%
SNPS	B	--0.29%
WAT	C	--0.3%
UL	D	--0.3%
LMT	D	--0.32%
ISRG	A	--0.32%
MDLZ	F	--0.33%
TTWO	A	--0.33%
NOW	A	--0.35%
CMI	A	--0.36%
TXN	C	--0.36%
BK	A	--0.37%
HDB	C	--0.38%
UNH	B	--0.4%
MCD	D	--0.41%
ASML	F	--0.41%
ORCL	A	--0.41%
MSI	B	--0.43%
MLM	C	--0.46%
WM	B	--0.47%
PNC	B	--0.51%
GD	D	--0.52%
VRSK	A	--0.55%
PAYX	B	--0.57%
PEP	F	--0.57%
ETN	A	--0.58%
LIN	C	--0.59%
CDNS	B	--0.69%
DIS	B	--0.73%