FTLS vs. LBAY
Compare and contrast key facts about First Trust Long/Short Equity ETF (FTLS) and Leatherback Long/Short Alternative Yield ETF (LBAY).
FTLS and LBAY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTLS is an actively managed fund by First Trust. It was launched on Sep 9, 2014. LBAY is an actively managed fund by Toroso Investments. It was launched on Nov 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTLS or LBAY.
Performance
FTLS vs. LBAY - Performance Comparison
Returns By Period
In the year-to-date period, FTLS achieves a 17.97% return, which is significantly higher than LBAY's 5.21% return.
FTLS
17.97%
2.15%
8.15%
20.58%
10.31%
8.68%
LBAY
5.21%
-3.61%
0.84%
7.53%
N/A
N/A
Key characteristics
| FTLS | LBAY | |
|---|---|---|
| Sharpe Ratio | 2.14 | 0.75 |
| Sortino Ratio | 3.01 | 1.10 |
| Omega Ratio | 1.39 | 1.13 |
| Calmar Ratio | 4.64 | 0.58 |
| Martin Ratio | 15.73 | 2.86 |
| Ulcer Index | 1.31% | 2.63% |
| Daily Std Dev | 9.62% | 10.09% |
| Max Drawdown | -20.53% | -15.99% |
| Current Drawdown | -0.02% | -5.95% |
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FTLS vs. LBAY - Expense Ratio Comparison
FTLS has a 1.60% expense ratio, which is higher than LBAY's 1.09% expense ratio.
Correlation
The correlation between FTLS and LBAY is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FTLS vs. LBAY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Long/Short Equity ETF (FTLS) and Leatherback Long/Short Alternative Yield ETF (LBAY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FTLS vs. LBAY - Dividend Comparison
FTLS's dividend yield for the trailing twelve months is around 1.52%, less than LBAY's 3.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTLS First Trust Long/Short Equity ETF | 1.52% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% | 0.51% |
LBAY Leatherback Long/Short Alternative Yield ETF | 3.44% | 3.47% | 2.74% | 2.96% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTLS vs. LBAY - Drawdown Comparison
The maximum FTLS drawdown since its inception was -20.53%, which is greater than LBAY's maximum drawdown of -15.99%. Use the drawdown chart below to compare losses from any high point for FTLS and LBAY. For additional features, visit the drawdowns tool.
Volatility
FTLS vs. LBAY - Volatility Comparison
The current volatility for First Trust Long/Short Equity ETF (FTLS) is 2.38%, while Leatherback Long/Short Alternative Yield ETF (LBAY) has a volatility of 3.00%. This indicates that FTLS experiences smaller price fluctuations and is considered to be less risky than LBAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.