Leatherback Long/Short Alternative Yield ETF (LBAY)
LBAY is an actively managed ETF by Toroso Investments. LBAY launched on Nov 16, 2020 and has a 1.09% expense ratio.
ETF Info
| Issuer | Toroso Investments |
|---|---|
| Inception Date | Nov 16, 2020 |
| Region | North America (U.S.) |
| Category | Long-Short, Actively Managed |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | www.leatherbackam.com |
| Asset Class | Alternatives |
Expense Ratio
LBAY has a high expense ratio of 1.09%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: LBAY vs. AMND, LBAY vs. FTLS, LBAY vs. KMLM, LBAY vs. HTUS, LBAY vs. ^GSPC, LBAY vs. QQQ, LBAY vs. SCHD, LBAY vs. XYLD, LBAY vs. JEPI, LBAY vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Leatherback Long/Short Alternative Yield ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Leatherback Long/Short Alternative Yield ETF had a return of 3.99% year-to-date (YTD) and 9.32% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.99% | 25.45% |
| 1 month | -4.78% | 2.91% |
| 6 months | -1.38% | 14.05% |
| 1 year | 9.32% | 35.64% |
| 5 years (annualized) | N/A | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of LBAY, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.37% | 1.04% | 4.43% | -3.24% | 2.68% | -3.25% | 5.33% | 3.11% | -0.52% | -3.49% | 3.99% | ||
| 2023 | 0.63% | -5.48% | -1.57% | 0.56% | -7.33% | 4.82% | 2.17% | -2.25% | -1.47% | -3.14% | 3.18% | 1.70% | -8.54% |
| 2022 | 5.14% | 1.87% | 4.46% | 0.72% | 6.26% | -6.52% | 1.31% | -0.54% | -6.47% | 10.09% | 5.53% | -0.11% | 22.41% |
| 2021 | -1.55% | 4.25% | 7.72% | 3.92% | 4.23% | -5.49% | 0.96% | 2.57% | -1.65% | 0.40% | -4.12% | 10.20% | 22.27% |
| 2020 | -0.62% | 5.23% | 4.58% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LBAY is 24, indicating that it is in the bottom 24% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Leatherback Long/Short Alternative Yield ETF (LBAY) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Leatherback Long/Short Alternative Yield ETF provided a 3.48% dividend yield over the last twelve months, with an annual payout of $0.91 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $0.91 | $0.90 | $0.81 | $0.73 | $0.06 |
Dividend yield | 3.48% | 3.47% | 2.74% | 2.96% | 0.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Leatherback Long/Short Alternative Yield ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.00 | $0.76 | |
| 2023 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.90 |
| 2022 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.81 |
| 2021 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.73 |
| 2020 | $0.06 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Leatherback Long/Short Alternative Yield ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Leatherback Long/Short Alternative Yield ETF was 15.99%, occurring on Oct 27, 2023. The portfolio has not yet recovered.
The current Leatherback Long/Short Alternative Yield ETF drawdown is 7.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.99% | Jan 9, 2023 | 203 | Oct 27, 2023 | — | — | — |
| -12.95% | Jun 8, 2022 | 77 | Sep 27, 2022 | 40 | Nov 22, 2022 | 117 |
| -10.45% | May 18, 2021 | 43 | Jul 19, 2021 | 118 | Jan 4, 2022 | 161 |
| -5.77% | Apr 21, 2022 | 8 | May 2, 2022 | 16 | May 24, 2022 | 24 |
| -5.34% | Jan 15, 2021 | 10 | Jan 29, 2021 | 15 | Feb 22, 2021 | 25 |
Volatility
Volatility Chart
The current Leatherback Long/Short Alternative Yield ETF volatility is 3.21%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.