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.
Key characteristics
| FTLS | LBAY | |
|---|---|---|
| YTD Return | 6.37% | 2.93% |
| 1Y Return | 19.26% | 0.69% |
| 3Y Return (Ann) | 9.15% | 7.22% |
| Sharpe Ratio | 2.03 | -0.11 |
| Daily Std Dev | 9.36% | 9.55% |
| Max Drawdown | -20.53% | -15.99% |
| Current Drawdown | -3.15% | -7.99% |
Correlation
The correlation between FTLS and LBAY is 0.49, 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.
Performance
FTLS vs. LBAY - Performance Comparison
In the year-to-date period, FTLS achieves a 6.37% return, which is significantly higher than LBAY's 2.93% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 1.40%, less than LBAY's 3.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTLS First Trust Long/Short Equity ETF | 1.40% | 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 | 3.43% | 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
First Trust Long/Short Equity ETF (FTLS) has a higher volatility of 3.11% compared to Leatherback Long/Short Alternative Yield ETF (LBAY) at 2.79%. This indicates that FTLS's price experiences larger fluctuations and is considered to be riskier than LBAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.