VSMV vs. LBAY ETF Comparison

Comparison of VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) to Leatherback Long/Short Alternative Yield ETF (LBAY)

VSMV

VictoryShares US Multi-Factor Minimum Volatility ETF

VSMV Description

The investment seeks to provide investment results that track the performance of the Nasdaq Victory US Multi-Factor Minimum Volatility Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in securities included in the Nasdaq Victory US Multi-Factor Minimum Volatility Index (the index). The index utilizes a rules-based approach designed to generate investment returns with less volatility than the broader U.S. market.

Grade (RS Rating)

Last Trade

$48.22

Average Daily Volume

12,316

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$27.64

Average Daily Volume

2,466

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VSMV	LBAY
30 Days	0.66%	0.47%
60 Days	3.03%	2.17%
90 Days	6.27%	7.53%
12 Months	23.12%	7.20%

4 Overlapping Holdings

Symbol	Grade	Weight in VSMV	Weight in LBAY	Overlap
ABBV	B	3.64%	3.56%	3.56%
CMCSA	C	0.22%	3.92%	0.22%
TXRH	B	0.29%	-1.27%	-1.27%
V	C	0.24%	3.43%	0.24%

VSMV Overweight 62 Positions Relative to LBAY

Symbol	Grade	Weight
AAPL	C	9.69%
MSFT	C	9.41%
WMT	B	4.4%
LMT	A	3.76%
JNJ	C	3.73%
UNH	C	3.25%
MRK	F	3.11%
KMB	C	3.07%
RSG	D	3.01%
AFL	A	2.96%
WM	D	2.81%
CTSH	B	2.48%
GOOGL	D	2.33%
HSY	D	2.3%
CVX	F	2.23%
NTAP	D	2.18%
CSCO	B	2.17%
FAST	C	2.15%
LDOS	A	1.75%
EG	B	1.61%
GD	C	1.51%
WRB	D	1.51%
DECK	C	1.5%
TXT	D	1.47%
SNA	B	1.39%
AKAM	D	1.39%
KMI	C	1.38%
BMY	C	1.38%
KR	B	1.11%
MUSA	D	0.97%
ULTA	D	0.9%
FOXA	B	0.84%
SSNC	C	0.83%
UNM	B	0.81%
NYT	B	0.78%
SAIC	C	0.64%
COKE	C	0.35%
CSX	C	0.33%
CAH	C	0.29%
NVR	B	0.28%
SKX	C	0.28%
CSL	B	0.26%
VRSK	D	0.26%
UFPI	C	0.25%
CLX	C	0.25%
EXPD	B	0.24%
MA	B	0.24%
PRU	C	0.24%
OC	C	0.24%
CNC	D	0.23%
EOG	D	0.23%
MAT	D	0.23%
CI	C	0.23%
HD	B	0.23%
TROW	C	0.21%
THO	C	0.21%
BLD	C	0.21%
TGT	C	0.2%
VLO	F	0.19%
CHRD	F	0.19%
MPC	F	0.19%
CNM	F	0.18%

VSMV Underweight 52 Positions Relative to LBAY

Symbol	Grade	Weight
BG	F	-4.88%
NEM	C	-4.71%
ORI	B	-4.7%
XOM	D	-4.69%
FIS	C	-4.65%
MMM	B	-4.51%
LW	D	-4.38%
VTRS	D	-4.16%
AGNC	B	-4.13%
MO	C	-4.02%
ICE	C	-3.99%
ZBH	F	-3.97%
MDT	B	-3.9%
AWK	C	-3.67%
UNP	D	-3.45%
EBAY	B	-3.21%
RIO	B	-3.21%
PKG	B	-3.17%
APD	B	-3.06%
MTN	D	-3.04%
T	B	-3.0%
LHX	C	-2.98%
PCH	C	-2.9%
CARR	B	-2.87%
SPGI	C	-2.81%
MSCI	C	-2.69%
DE	A	-2.61%
BKNG	B	-2.58%
KDP	B	-2.57%
KO	B	-2.53%
SOLV	D	-2.14%
EVR	B	--1.13%
FIX	B	--1.14%
BURL	C	--1.21%
SHOP	C	--1.22%
SITE	D	--1.23%
DKS	D	--1.23%
EQIX	B	--1.25%
DLR	B	--1.27%
AVGO	C	--1.35%
DUOL	C	--1.36%
VRT	C	--1.45%
CMG	D	--1.46%
SQ	D	--1.64%
KKR	B	--1.65%
CVNA	B	--1.69%
SF	B	--1.7%
OLLI	C	--1.7%
TSLA	C	--1.81%
RCL	B	--1.87%
PLNT	C	--1.89%
DASH	B	--1.93%