Leatherback Long/Short Alternative Yield ETF (LBAY) belongs to the Long-Short category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with LBAY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to LBAY
LBAY charges 1.09% annually. There are 15 ETFs in the Long-Short category with lower expense ratios, going as low as 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Flexible Equity Active ETF | 0.40% | 1.61B | May 2026 | LBAY vs BFLX | |
| Proshares Large Cap Core Plus | 0.45% | 515.52M | Jul 2009 | LBAY vs CSM | |
| Aptus International Enhanced Yield ETF | 0.45% | 490.37M | Jul 2021 | LBAY vs IDUB | |
| Arin Tactical Tail Risk ETF | 0.63% | — | Oct 2025 | LBAY vs ATTR | |
| ProShares Long Online/Short Stores ETF | 0.65% | 7.48M | Nov 2017 | LBAY vs CLIX |
Best Risk-Adjusted Alternatives to LBAY
LBAY has a PortfoliosLab risk / return rank of 28. There are 16 ETFs in the Long-Short category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 96 | 447.61M | Dec 2009 | LBAY vs CLSE | |
| Franklin Liberty Systematic Style Premia ETF | 88 | 1.04B | Dec 2019 | LBAY vs FLSP | |
| NYLI Hedge Multi-Strategy Tracker ETF | 83 | 1.02B | Mar 2009 | LBAY vs QAI | |
| ProShares Hedge Replication | 80 | 22.00M | Jul 2011 | LBAY vs HDG | |
| Aptus International Enhanced Yield ETF | 78 | 490.37M | Jul 2021 | LBAY vs IDUB |
Top Performing LBAY Alternatives (YTD)
LBAY is at 10.68% YTD. There are 7 ETFs in the Long-Short category with higher YTD returns, going as high as 24.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 24.37% | 447.61M | Dec 2009 | LBAY vs CLSE | |
| Harbor Long-Short Equity ETF | 23.37% | 15.30M | Dec 2023 | LBAY vs LSEQ | |
| Aptus International Enhanced Yield ETF | 15.21% | 490.37M | Jul 2021 | LBAY vs IDUB | |
| Efficient Market Portfolio Plus ETF | 14.62% | — | Dec 2024 | LBAY vs EMPB | |
| Militia Long/Short Equity ETF | 13.55% | 138.61M | Jan 2025 | LBAY vs ORR |
Lowest Volatility Alternatives to LBAY
LBAY has 16.91% 1-year volatility. There are 17 ETFs in the Long-Short category with lower 1-year volatility, going as low as 3.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Arin Tactical Tail Risk ETF | 3.30% | — | Oct 2025 | LBAY vs ATTR | |
| ProShares Hedge Replication | 6.41% | 22.00M | Jul 2011 | LBAY vs HDG | |
| Federated Hermes MDT Market Neutral ETF | 6.65% | 106.80M | Sep 2025 | LBAY vs MKTN | |
| NYLI Hedge Multi-Strategy Tracker ETF | 6.85% | 1.02B | Mar 2009 | LBAY vs QAI | |
| AltShares Event-Driven ETF | 7.57% | 8.62M | Dec 2014 | LBAY vs EVNT |
Lowest Drawdown Alternatives to LBAY
LBAY has a 1-year max drawdown of -13.61%. There are 16 ETFs in the Long-Short category with shallower 1-year drawdowns, going as shallow as -3.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Event-Driven ETF | -3.35% | 8.62M | Dec 2014 | LBAY vs EVNT | |
| NYLI Hedge Multi-Strategy Tracker ETF | -3.71% | 1.02B | Mar 2009 | LBAY vs QAI | |
| First Trust Long/Short Equity ETF | -3.79% | 2.49B | Sep 2014 | LBAY vs FTLS | |
| ProShares Hedge Replication | -3.97% | 22.00M | Jul 2011 | LBAY vs HDG | |
| Franklin Liberty Systematic Style Premia ETF | -4.03% | 1.04B | Dec 2019 | LBAY vs FLSP |
Other ETFs from Toroso Investments
The 5 most viewed Toroso Investments ETFs shown here include RPAR, SPAX, SFYF and span 7 categories. AUM among these funds goes as high as $574M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| RPAR Risk Parity ETF | Global Allocation, Diversified Portfolio | 43 | 2.65% | 574.06M | Dec 2019 | LBAY vs RPAR | |
| Robinson Alternative Yield Pre-merger SPAC ETF | Actively Managed | — | — | 23.48M | Jun 2021 | LBAY vs SPAX | |
| SoFi Social 50 ETF | Large Cap Growth Equities | 41 | 6.06% | 40.01M | May 2019 | LBAY vs SFYF | |
| SoFi Next 500 ETF | Mid Cap Growth Equities | — | — | 25.80M | Apr 2019 | LBAY vs SFYX | |
| Adasina Social Justice All Cap Global ETF | Global Equities, ESG | 49 | 11.63% | 270.00M | Dec 2020 | LBAY vs JSTC |
Often Compared With LBAY
Investors most often compare LBAY with KMLM, HTUS, SPEDX. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare LBAY with Any Fund or Stock
Compare LBAY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair LBAY with funds that move differently
Leatherback Long/Short Alternative Yield ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to LBAY.
Explore LBAY Diversifiers