XAR vs. LBAY ETF Comparison

Comparison of SPDR S&P Aerospace & Defense ETF (XAR) to Leatherback Long/Short Alternative Yield ETF (LBAY)

XAR

SPDR S&P Aerospace & Defense ETF

XAR Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the aerospace and defense segment of a U.S. total market composite index. In seeking to track the performance of the S&P Aerospace & Defense Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the aerospace and defense industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$154.98

Average Daily Volume

189,831

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

$26.58

Average Daily Volume

2,398

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XAR	LBAY
30 Days	-2.68%	-4.08%
60 Days	-0.21%	-4.53%
90 Days	8.17%	-1.82%
12 Months	29.93%	7.49%

1 Overlapping Holdings

	Symbol	Grade	Weight in XAR	Weight in LBAY	Overlap
	LHX	A	4.76%	3.32%	3.32%

XAR Overweight 29 Positions Relative to LBAY

Symbol	Grade	Weight
AXON	B	5.18%
CW	B	5.02%
HWM	B	4.8%
RTX	C	4.75%
GE	D	4.53%
BA	F	4.45%
LMT	D	4.45%
GD	C	4.44%
WWD	D	4.43%
NOC	D	4.42%
TDG	C	4.41%
TXT	F	4.4%
HEI	D	4.37%
SPR	C	4.36%
HII	F	4.35%
BWXT	B	4.32%
AVAV	B	3.99%
HXL	F	3.93%
RKLB	A	3.51%
MOG.A	C	1.87%
KTOS	C	1.44%
MRCY	D	1.19%
AIR	F	1.08%
TGI	C	1.01%
ACHR	C	0.78%
CDRE	D	0.52%
ATRO	F	0.21%
DCO	D	0.2%
NPK	F	0.19%

XAR Underweight 53 Positions Relative to LBAY

Symbol	Grade	Weight
LW	B	-5.34%
FIS	B	-5.17%
XOM	C	-5.03%
NEM	D	-4.94%
ORI	D	-4.82%
BG	F	-4.64%
CVS	F	-4.5%
MMM	D	-4.29%
CMCSA	A	-4.26%
AGNC	D	-4.26%
ICE	C	-4.26%
VTRS	B	-4.25%
BERY	A	-4.21%
MO	A	-4.12%
MDT	B	-3.88%
ZBH	C	-3.68%
MTN	F	-3.63%
UNP	D	-3.55%
T	A	-3.53%
AWK	D	-3.53%
APD	B	-3.5%
V	A	-3.49%
RIO	B	-3.49%
EBAY	D	-3.06%
MSCI	C	-3.0%
BKNG	A	-2.87%
KDP	F	-2.84%
DE	B	-2.78%
PCH	F	-2.78%
SPGI	D	-2.73%
SOLV	B	-2.25%
BURL	D	--1.16%
DKS	F	--1.23%
EVR	A	--1.24%
SITE	F	--1.26%
FIX	B	--1.29%
SHOP	B	--1.33%
EQIX	B	--1.36%
KKR	B	--1.48%
AVGO	B	--1.49%
TSLA	A	--1.52%
SF	A	--1.52%
DLR	A	--1.52%
TXRH	A	--1.52%
CVNA	A	--1.55%
OLLI	C	--1.61%
CMG	B	--1.61%
DUOL	A	--1.63%
RCL	B	--1.71%
PLNT	D	--1.75%
SQ	B	--1.89%
DASH	A	--1.92%
VRT	B	--1.95%

XAR: Top Represented Industries & Keywords

Industries: Aerospace & Defense Specialty Industrial Machinery Communication Equipment Computer Systems Diversified Industrials Security & Protection Services