XLF vs. LBAY ETF Comparison

Comparison of SPDR Select Sector Fund - Financial (XLF) to Leatherback Long/Short Alternative Yield ETF (LBAY)

XLF

SPDR Select Sector Fund - Financial

XLF Description

The investment seeks investment results that, before expenses, correspond to the price and yield performance of publicly traded equity securities of companies in The Financial Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: diversified financial services; insurance; commercial banks; capital markets; REITs; consumer finance; thrifts & mortgage finance; and real estate management & development. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.73

Average Daily Volume

39,210,793

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

$26.54

Average Daily Volume

2,703

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XLF	LBAY
30 Days	7.68%	-3.39%
60 Days	11.64%	-3.50%
90 Days	14.59%	-2.55%
12 Months	46.19%	5.40%

5 Overlapping Holdings

Symbol	Grade	Weight in XLF	Weight in LBAY	Overlap
FIS	C	0.7%	4.54%	0.7%
ICE	C	1.31%	4.08%	1.31%
MSCI	C	0.69%	3.15%	0.69%
SPGI	C	2.38%	2.92%	2.38%
V	A	7.49%	3.89%	3.89%

XLF Overweight 67 Positions Relative to LBAY

Symbol	Grade	Weight
BRK.A	B	12.45%
JPM	A	10.0%
MA	C	6.24%
BAC	A	4.5%
WFC	A	3.6%
GS	A	2.7%
MS	A	2.4%
AXP	A	2.36%
PGR	A	2.19%
BLK	C	2.12%
BX	A	1.9%
C	A	1.89%
FI	A	1.76%
SCHW	B	1.74%
MMC	B	1.58%
CB	C	1.57%
KKR	A	1.48%
PYPL	B	1.27%
PNC	B	1.2%
AON	A	1.19%
CME	A	1.17%
USB	A	1.14%
MCO	B	1.1%
COF	B	1.02%
AJG	B	0.94%
TFC	A	0.9%
TRV	B	0.85%
BK	A	0.83%
AMP	A	0.8%
AFL	B	0.8%
ALL	A	0.75%
MET	A	0.71%
AIG	B	0.71%
PRU	A	0.65%
DFS	B	0.63%
ACGL	D	0.54%
MTB	A	0.52%
HIG	B	0.5%
NDAQ	A	0.47%
FITB	A	0.46%
WTW	B	0.46%
GPN	B	0.43%
RJF	A	0.43%
STT	A	0.41%
TROW	B	0.39%
BRO	B	0.38%
HBAN	A	0.37%
SYF	B	0.37%
CPAY	A	0.37%
RF	A	0.35%
CINF	A	0.34%
NTRS	A	0.31%
CBOE	B	0.3%
CFG	B	0.3%
PFG	D	0.27%
FDS	B	0.27%
KEY	B	0.26%
WRB	A	0.26%
EG	C	0.23%
L	A	0.22%
JKHY	D	0.18%
AIZ	A	0.16%
MKTX	D	0.15%
ERIE	D	0.15%
GL	B	0.14%
IVZ	B	0.12%
BEN	C	0.1%

XLF Underweight 47 Positions Relative to LBAY

Symbol	Grade	Weight
LW	C	-4.96%
XOM	B	-4.78%
ORI	A	-4.77%
MO	A	-4.64%
NEM	D	-4.59%
BG	F	-4.57%
CMCSA	B	-4.57%
VTRS	A	-4.48%
ZBH	C	-4.41%
AGNC	D	-4.41%
CVS	D	-4.36%
BERY	B	-4.14%
MTN	C	-3.91%
MDT	D	-3.86%
UNP	C	-3.77%
T	A	-3.64%
LHX	C	-3.59%
EBAY	D	-3.58%
MMM	D	-3.53%
AWK	D	-3.45%
BKNG	A	-3.37%
RIO	D	-3.28%
APD	A	-3.11%
PCH	D	-2.79%
DE	A	-2.68%
SHAK	C	--1.21%
DKS	C	--1.21%
BURL	A	--1.26%
SITE	D	--1.27%
RBLX	C	--1.29%
EQIX	A	--1.38%
TSLA	B	--1.45%
EVR	B	--1.46%
SF	B	--1.48%
LLY	F	--1.48%
DKNG	B	--1.49%
DLR	B	--1.51%
CVNA	B	--1.53%
AAPL	C	--1.53%
DAL	C	--1.53%
TOL	B	--1.54%
PLNT	A	--1.54%
AVGO	D	--1.54%
SQ	B	--1.56%
VRT	B	--1.63%
OLLI	D	--1.69%
DUOL	A	--1.85%