LBAY vs. MDEV ETF Comparison
Comparison of Leatherback Long/Short Alternative Yield ETF (LBAY) to First Trust Indxx Medical Devices ETF (MDEV)
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
$26.28
Average Daily Volume
2,775
52
MDEV
First Trust Indxx Medical Devices ETF
MDEV Description
First Trust Exchange-Traded Fund VI - First Trust Indxx Medical Devices ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund invests in the public equity markets across the globe. It invests in the stocks of companies operating in the medical devices industry that includes companies that focus on developing equipment, instruments, and machines to diagnose, monitor, and treat diseases. The fund invests in growth and value stocks of companies across diversified market capitalizations. It replicates the performance of the Indxx Global Medical Equipment Index, by using full replication technique. First Trust Exchange-Traded Fund VI - First Trust Indxx Medical Devices ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$20.89
Average Daily Volume
286
29
Performance
| Period | LBAY | MDEV |
|---|---|---|
| 30 Days | -5.60% | -4.79% |
| 60 Days | -5.78% | -3.79% |
| 90 Days | -1.88% | -0.39% |
| 12 Months | 5.39% | 16.49% |
LBAY Overweight 50 Positions Relative to MDEV
| Symbol | Grade | Weight | |
|---|---|---|---|
| LW | C | 4.96% | |
| XOM | B | 4.78% | |
| ORI | A | 4.77% | |
| MO | A | 4.64% | |
| NEM | F | 4.59% | |
| BG | D | 4.57% | |
| CMCSA | B | 4.57% | |
| FIS | B | 4.54% | |
| VTRS | A | 4.48% | |
| AGNC | C | 4.41% | |
| CVS | F | 4.36% | |
| BERY | D | 4.14% | |
| ICE | D | 4.08% | |
| MTN | C | 3.91% | |
| V | A | 3.89% | |
| UNP | D | 3.77% | |
| T | A | 3.64% | |
| LHX | B | 3.59% | |
| EBAY | D | 3.58% | |
| MMM | D | 3.53% | |
| AWK | C | 3.45% | |
| BKNG | A | 3.37% | |
| RIO | F | 3.28% | |
| MSCI | A | 3.15% | |
| APD | A | 3.11% | |
| SPGI | C | 2.92% | |
| PCH | D | 2.79% | |
| DE | D | 2.68% | |
| SHAK | B | -1.21% | |
| DKS | D | -1.21% | |
| BURL | C | -1.26% | |
| SITE | D | -1.27% | |
| RBLX | B | -1.29% | |
| EQIX | B | -1.38% | |
| TSLA | B | -1.45% | |
| EVR | A | -1.46% | |
| SF | A | -1.48% | |
| LLY | F | -1.48% | |
| DKNG | B | -1.49% | |
| DLR | A | -1.51% | |
| CVNA | A | -1.53% | |
| AAPL | C | -1.53% | |
| DAL | A | -1.53% | |
| TOL | B | -1.54% | |
| PLNT | A | -1.54% | |
| AVGO | C | -1.54% | |
| SQ | A | -1.56% | |
| VRT | A | -1.63% | |
| OLLI | D | -1.69% | |
| DUOL | B | -1.85% |
LBAY Underweight 27 Positions Relative to MDEV
| Symbol | Grade | Weight | |
|---|---|---|---|
| PEN | B | -2.45% | |
| WST | C | -2.44% | |
| GMED | A | -2.44% | |
| MASI | A | -2.42% | |
| PODD | A | -2.39% | |
| ISRG | A | -2.36% | |
| DXCM | C | -2.3% | |
| SYK | A | -2.29% | |
| WAT | B | -2.24% | |
| BIO | C | -2.22% | |
| BSX | B | -2.14% | |
| ALGN | D | -2.12% | |
| ABT | B | -2.11% | |
| EW | C | -2.07% | |
| HOLX | D | -2.07% | |
| STE | D | -2.07% | |
| RMD | C | -2.05% | |
| BDX | F | -2.04% | |
| RVTY | D | -2.03% | |
| GEHC | D | -1.94% | |
| A | D | -1.93% | |
| TMO | D | -1.91% | |
| DHR | D | -1.89% | |
| BAX | F | -1.85% | |
| MTD | F | -1.8% | |
| TFX | F | -1.72% | |
| EXAS | F | -1.53% |
LBAY: Top Represented Industries & Keywords
MDEV: Top Represented Industries & Keywords
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