KMLM vs. LBAY
Compare and contrast key facts about KFA Mount Lucas Index Strategy ETF (KMLM) and Leatherback Long/Short Alternative Yield ETF (LBAY).
KMLM and LBAY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KMLM is an actively managed fund by CICC. It was launched on Dec 2, 2020. 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: KMLM or LBAY.
Performance
KMLM vs. LBAY - Performance Comparison
Returns By Period
In the year-to-date period, KMLM achieves a -1.63% return, which is significantly lower than LBAY's 4.16% return.
KMLM
-1.63%
-0.18%
-3.96%
-7.65%
N/A
N/A
LBAY
4.16%
-5.60%
-2.66%
7.52%
N/A
N/A
Key characteristics
| KMLM | LBAY | |
|---|---|---|
| Sharpe Ratio | -0.83 | 0.78 |
| Sortino Ratio | -1.07 | 1.14 |
| Omega Ratio | 0.88 | 1.14 |
| Calmar Ratio | -0.34 | 0.57 |
| Martin Ratio | -1.33 | 3.05 |
| Ulcer Index | 6.56% | 2.52% |
| Daily Std Dev | 10.57% | 9.92% |
| Max Drawdown | -25.42% | -15.99% |
| Current Drawdown | -23.50% | -6.89% |
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KMLM vs. LBAY - Expense Ratio Comparison
KMLM has a 0.90% expense ratio, which is lower than LBAY's 1.09% expense ratio.
Correlation
The correlation between KMLM and LBAY is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
KMLM vs. LBAY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KFA Mount Lucas Index Strategy ETF (KMLM) 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
KMLM vs. LBAY - Dividend Comparison
KMLM has not paid dividends to shareholders, while LBAY's dividend yield for the trailing twelve months is around 3.47%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
KMLM KFA Mount Lucas Index Strategy ETF | 0.00% | 0.00% | 8.12% | 6.94% | 0.00% |
LBAY Leatherback Long/Short Alternative Yield ETF | 3.47% | 3.47% | 2.74% | 2.96% | 0.29% |
Drawdowns
KMLM vs. LBAY - Drawdown Comparison
The maximum KMLM drawdown since its inception was -25.42%, which is greater than LBAY's maximum drawdown of -15.99%. Use the drawdown chart below to compare losses from any high point for KMLM and LBAY. For additional features, visit the drawdowns tool.
Volatility
KMLM vs. LBAY - Volatility Comparison
KFA Mount Lucas Index Strategy ETF (KMLM) and Leatherback Long/Short Alternative Yield ETF (LBAY) have volatilities of 3.17% and 3.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.