LBAY vs. LRGF ETF Comparison

Comparison of Leatherback Long/Short Alternative Yield ETF (LBAY) to iShares FactorSelect MSCI USA ETF (LRGF)

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

$26.54

Average Daily Volume

2,703

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LRGF

iShares FactorSelect MSCI USA ETF

LRGF Description

The investment seeks to track the investment results of the MSCI USA Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI"). 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. The underlying index is designed to select equity securities from MSCI USA Index (the "Parent index") that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.96

Average Daily Volume

91,138

Number of Holdings ^*

272

* may have additional holdings in another (foreign) market

Performance

Period	LBAY	LRGF
30 Days	-3.39%	4.57%
60 Days	-3.50%	6.07%
90 Days	-2.55%	7.74%
12 Months	5.40%	37.24%

23 Overlapping Holdings

Symbol	Grade	Weight in LBAY	Weight in LRGF	Overlap
AAPL	C	-1.53%	6.35%	-1.53%
AGNC	D	4.41%	0.07%	0.07%
AVGO	D	-1.54%	1.82%	-1.54%
AWK	D	3.45%	0.52%	0.52%
BKNG	A	3.37%	1.17%	1.17%
CMCSA	B	4.57%	0.41%	0.41%
CVNA	B	-1.53%	0.02%	-1.53%
CVS	D	4.36%	0.17%	0.17%
DE	A	2.68%	0.03%	0.03%
DKS	C	-1.21%	0.17%	-1.21%
DUOL	A	-1.85%	0.44%	-1.85%
EBAY	D	3.58%	0.31%	0.31%
LLY	F	-1.48%	1.09%	-1.48%
MDT	D	3.86%	0.1%	0.1%
MMM	D	3.53%	0.13%	0.13%
MO	A	4.64%	0.1%	0.1%
MSCI	C	3.15%	0.37%	0.37%
SPGI	C	2.92%	0.43%	0.43%
T	A	3.64%	0.59%	0.59%
TSLA	B	-1.45%	0.76%	-1.45%
V	A	3.89%	1.28%	1.28%
XOM	B	4.78%	0.94%	0.94%
ZBH	C	4.41%	0.03%	0.03%

LBAY Overweight 29 Positions Relative to LRGF

Symbol	Grade	Weight
LW	C	4.96%
ORI	A	4.77%
NEM	D	4.59%
BG	F	4.57%
FIS	C	4.54%
VTRS	A	4.48%
BERY	B	4.14%
ICE	C	4.08%
MTN	C	3.91%
UNP	C	3.77%
LHX	C	3.59%
RIO	D	3.28%
APD	A	3.11%
PCH	D	2.79%
SHAK	C	-1.21%
BURL	A	-1.26%
SITE	D	-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%
DAL	C	-1.53%
TOL	B	-1.54%
PLNT	A	-1.54%
SQ	B	-1.56%
VRT	B	-1.63%
OLLI	D	-1.69%

LBAY Underweight 249 Positions Relative to LRGF

Symbol	Grade	Weight
NVDA	C	-6.55%
MSFT	F	-5.67%
AMZN	C	-3.01%
META	D	-2.16%
GOOG	C	-1.8%
JPM	A	-1.64%
PG	A	-1.26%
WMT	A	-1.03%
APP	B	-0.94%
LIN	D	-0.91%
ABBV	D	-0.9%
UNH	C	-0.89%
PEP	F	-0.87%
JNJ	D	-0.87%
MA	C	-0.75%
BMY	B	-0.72%
MCD	D	-0.63%
FICO	B	-0.61%
KO	D	-0.61%
BK	A	-0.61%
TEAM	A	-0.6%
GS	A	-0.59%
HD	A	-0.58%
LOW	D	-0.58%
MRK	F	-0.57%
MPC	D	-0.57%
CVX	A	-0.54%
COST	B	-0.54%
ABT	B	-0.53%
BLDR	D	-0.53%
GM	B	-0.52%
ED	D	-0.51%
BRK.A	B	-0.5%
MCK	B	-0.5%
WFC	A	-0.5%
FTNT	C	-0.49%
GILD	C	-0.49%
HPE	B	-0.48%
AMAT	F	-0.46%
IBKR	A	-0.46%
VST	B	-0.45%
QCOM	F	-0.45%
NTNX	A	-0.43%
AMGN	D	-0.42%
AMP	A	-0.41%
GEHC	F	-0.41%
PAYX	C	-0.4%
PM	B	-0.4%
CSCO	B	-0.4%
MELI	D	-0.39%
CTAS	B	-0.38%
ETN	A	-0.38%
AFL	B	-0.38%
SPG	B	-0.38%
AYI	B	-0.37%
BAC	A	-0.37%
WSM	B	-0.36%
IT	C	-0.36%
HOLX	D	-0.36%
DELL	C	-0.35%
KR	B	-0.35%
VZ	C	-0.34%
MANH	D	-0.34%
DOCU	A	-0.33%
VLO	C	-0.33%
WY	D	-0.33%
DECK	A	-0.32%
CRH	A	-0.32%
TPR	B	-0.32%
INTU	C	-0.31%
PFE	D	-0.31%
KLAC	D	-0.31%
CR	A	-0.31%
JBL	B	-0.31%
BRX	A	-0.31%
EMR	A	-0.31%
TGT	F	-0.3%
ABNB	C	-0.3%
HRB	D	-0.3%
YUM	B	-0.3%
AIG	B	-0.3%
ANET	C	-0.3%
MLI	C	-0.29%
EQR	B	-0.29%
CNM	D	-0.29%
FERG	B	-0.29%
ELV	F	-0.29%
GTLB	B	-0.28%
PCOR	B	-0.28%
UBER	D	-0.28%
MEDP	D	-0.28%
ADBE	C	-0.28%
MTD	D	-0.27%
ANF	C	-0.27%
EME	C	-0.27%
OTIS	C	-0.27%
TMO	F	-0.27%
RS	B	-0.27%
STLD	B	-0.26%
SYF	B	-0.26%
JHG	A	-0.26%
WING	D	-0.26%
CAT	B	-0.26%
FOXA	B	-0.25%
ALLY	C	-0.25%
AXP	A	-0.24%
BBY	D	-0.24%
RHI	B	-0.24%
BLK	C	-0.24%
GIS	D	-0.23%
DVA	B	-0.23%
PCAR	B	-0.23%
PSA	D	-0.23%
STT	A	-0.22%
AVB	B	-0.22%
NDAQ	A	-0.22%
MSI	B	-0.22%
CRWD	B	-0.22%
COF	B	-0.22%
WFRD	D	-0.21%
AN	C	-0.21%
DUK	C	-0.21%
NUE	C	-0.21%
TT	A	-0.21%
CI	F	-0.21%
ITW	B	-0.21%
TRV	B	-0.2%
SOLV	C	-0.2%
QLYS	C	-0.2%
WEC	A	-0.2%
AMG	B	-0.2%
LRCX	F	-0.2%
HPQ	B	-0.19%
CDNS	B	-0.19%
SBUX	A	-0.19%
PRU	A	-0.19%
LMT	D	-0.19%
NFLX	A	-0.19%
VRTX	F	-0.19%
F	C	-0.18%
ESTC	C	-0.18%
CVLT	B	-0.18%
ETSY	D	-0.18%
PANW	C	-0.18%
SNPS	B	-0.18%
NEE	D	-0.17%
IOT	A	-0.17%
R	B	-0.17%
SYK	C	-0.17%
EXC	C	-0.16%
ADP	B	-0.16%
ORCL	B	-0.16%
MOH	F	-0.16%
IBM	C	-0.16%
HUBS	A	-0.15%
OMC	C	-0.15%
WTS	B	-0.15%
C	A	-0.15%
ACN	C	-0.14%
HUM	C	-0.14%
SMAR	A	-0.14%
GE	D	-0.14%
BBWI	D	-0.14%
AZO	C	-0.14%
RMBS	C	-0.14%
KMI	A	-0.14%
FNF	B	-0.13%
NVT	B	-0.13%
AMD	F	-0.13%
DTE	C	-0.13%
VOYA	B	-0.13%
RL	B	-0.12%
CRM	B	-0.12%
ELF	C	-0.12%
SO	D	-0.12%
CPNG	D	-0.12%
MS	A	-0.11%
GWW	B	-0.11%
OLN	D	-0.11%
RRC	B	-0.11%
ZS	C	-0.11%
OKTA	C	-0.11%
FI	A	-0.11%
MUSA	A	-0.11%
TTEK	F	-0.1%
MDLZ	F	-0.1%
GL	B	-0.1%
COKE	C	-0.1%
PH	A	-0.1%
APA	D	-0.09%
AMT	D	-0.09%
MRO	B	-0.09%
UNM	A	-0.09%
EXE	B	-0.08%
PVH	C	-0.08%
MCHP	D	-0.08%
VLTO	D	-0.08%
HOG	D	-0.08%
TAP	C	-0.07%
SRE	A	-0.07%
SHW	A	-0.07%
ADM	D	-0.07%
LPX	B	-0.07%
CMC	B	-0.07%
ACGL	D	-0.07%
PLD	D	-0.07%
CARR	D	-0.07%
LNTH	D	-0.07%
CHTR	C	-0.07%
ACI	C	-0.06%
RGA	A	-0.06%
SFM	A	-0.05%
FE	C	-0.05%
CRUS	D	-0.05%
PFG	D	-0.05%
COP	C	-0.05%
CEG	D	-0.05%
EG	C	-0.05%
AR	B	-0.04%
THO	B	-0.04%
DOW	F	-0.04%
MRNA	F	-0.04%
BXP	D	-0.04%
XRAY	F	-0.04%
HSY	F	-0.04%
SSD	D	-0.04%
TXN	C	-0.04%
NOW	A	-0.04%
LII	A	-0.03%
HIG	B	-0.03%
MGM	D	-0.03%
MOD	A	-0.03%
UAL	A	-0.03%
AGCO	D	-0.03%
MET	A	-0.03%
PATH	C	-0.02%
NTAP	C	-0.02%
BDX	F	-0.02%
BSX	B	-0.02%
NWSA	B	-0.02%
MUR	D	-0.02%
KHC	F	-0.02%
LYV	A	-0.02%
RPRX	D	-0.01%
EXPD	D	-0.01%
ULTA	F	-0.01%
PSX	C	-0.01%
EOG	A	-0.01%
FDX	B	-0.01%