LBAY vs. SMN ETF Comparison

Comparison of Leatherback Long/Short Alternative Yield ETF (LBAY) to ProShares UltraShort Basic Materials (SMN)
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 *

52

* may have additional holdings in another (foreign) market
SMN

ProShares UltraShort Basic Materials

SMN Description The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Basic MaterialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the basic materials sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$13.56

Average Daily Volume

3,852

Number of Holdings *

43

* may have additional holdings in another (foreign) market
Performance
Period LBAY SMN
30 Days -3.39% 3.94%
60 Days -3.50% 1.90%
90 Days -2.55% -1.90%
12 Months 5.40% -23.79%
2 Overlapping Holdings
Symbol Grade Weight in LBAY Weight in SMN Overlap
APD A 3.26% 8.28% 3.26%
NEM D 4.79% 5.65% 4.79%
LBAY Overweight 50 Positions Relative to SMN
Symbol Grade Weight
ORI A 4.81%
XOM B 4.75%
LW C 4.73%
MO A 4.71%
BG F 4.66%
CVS D 4.57%
VTRS A 4.53%
CMCSA B 4.49%
FIS C 4.4%
ZBH C 4.39%
AGNC D 4.38%
BERY B 4.27%
ICE C 4.09%
V A 3.87%
MTN C 3.86%
T A 3.74%
MDT D 3.7%
UNP C 3.67%
AWK D 3.6%
EBAY D 3.53%
MMM D 3.44%
BKNG A 3.4%
RIO D 3.38%
LHX C 3.36%
MSCI C 3.01%
SPGI C 2.89%
DE A 2.8%
PCH D 2.8%
SHAK C -1.13%
DKS C -1.19%
SITE D -1.24%
RBLX C -1.25%
BURL A -1.27%
LLY F -1.38%
EQIX A -1.41%
AVGO D -1.45%
SF B -1.46%
EVR B -1.46%
TSLA B -1.5%
DAL C -1.51%
TOL B -1.55%
CVNA B -1.56%
PLNT A -1.56%
DKNG B -1.56%
AAPL C -1.56%
DLR B -1.58%
OLLI D -1.61%
SQ B -1.63%
VRT B -1.81%
DUOL A -1.9%
LBAY Underweight 41 Positions Relative to SMN
Symbol Grade Weight
LIN D -18.22%
ECL D -7.77%
DD D -7.23%
DOW F -6.27%
PPG F -4.81%
LYB F -3.74%
CTVA C -3.36%
FCX D -2.96%
NUE C -2.59%
IFF D -2.28%
CE F -2.25%
FMC D -2.05%
EMN D -1.67%
CF B -1.59%
RPM A -1.53%
ALB C -1.36%
RS B -1.28%
MOS F -1.21%
RGLD C -1.17%
STLD B -1.13%
AXTA A -1.0%
HUN F -0.74%
ASH D -0.73%
SMG D -0.7%
VVV F -0.64%
NGVT B -0.55%
NEU C -0.55%
AA B -0.52%
OLN D -0.45%
CC C -0.45%
ESI A -0.44%
SXT B -0.44%
CMC B -0.41%
FUL F -0.4%
CBT C -0.4%
WLK D -0.39%
ATI D -0.37%
CRS A -0.35%
X C -0.28%
WOR F -0.24%
BTU B -0.1%
Compare ETFs