LBAY vs. AIFD
LBAY (Leatherback Long/Short Alternative Yield ETF) and AIFD (TCW Artificial Intelligence ETF) are both exchange-traded funds - LBAY is a Long-Short fund actively managed by Toroso Investments, while AIFD is a Artificial Intelligence fund actively managed by TCW. Both are actively managed. Over the past year, LBAY returned 12.00% vs 55.82% for AIFD. Their -0.28 correlation means they have often moved in opposite directions in the past. LBAY charges 1.09%/yr vs 0.75%/yr for AIFD.
Performance
LBAY vs. AIFD - Performance Comparison
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Returns By Period
In the year-to-date period, LBAY achieves a 10.68% return, which is significantly lower than AIFD's 30.44% return.
LBAY
- 1D
- -1.39%
- 1M
- 2.18%
- 6M
- 4.80%
- YTD
- 10.68%
- 1Y
- 12.00%
- 3Y*
- 2.86%
- 5Y*
- 5.90%
- 10Y*
- —
- ALL TIME*
- 8.58%
AIFD
- 1D
- 1.48%
- 1M
- -5.02%
- 6M
- 27.69%
- YTD
- 30.44%
- 1Y
- 55.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 34.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $710.64K | $728.72K | $1.19M | |
| $78.40K | $43.68K | $38.59K |
LBAY vs. AIFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LBAY Leatherback Long/Short Alternative Yield ETF | 10.68% | 4.08% | -6.84% |
AIFD TCW Artificial Intelligence ETF | 30.44% | 28.30% | 15.22% |
Correlation
The correlation between LBAY and AIFD is -0.41, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.41 |
Correlation (All Time) Calculated using the full available price history since May 6, 2024 | -0.28 |
The correlation between LBAY and AIFD shifts across timeframes, from -0.41 (1 year) to -0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LBAY vs. AIFD — Risk / Return Rank
LBAY
AIFD
LBAY vs. AIFD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leatherback Long/Short Alternative Yield ETF (LBAY) and TCW Artificial Intelligence ETF (AIFD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LBAY | AIFD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.28 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 2.60 | -1.70 |
| Martin ratioReturn relative to average drawdown | 2.00 | 10.64 | -8.64 |
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Drawdowns
LBAY vs. AIFD - Drawdown Comparison
The maximum LBAY drawdown since its inception was -15.99%, smaller than the maximum AIFD drawdown of -33.20%. Use the drawdown chart below to compare losses from any high point for LBAY and AIFD.
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Drawdown Indicators
| LBAY | AIFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.99% | -33.20% | +17.21% |
Max Drawdown (1Y)Largest decline over 1 year | -13.61% | -20.22% | +6.61% |
Max Drawdown (3Y)Largest decline over 3 years | -14.57% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.99% | — | — |
Current DrawdownCurrent decline from peak | -7.11% | -14.44% | +7.33% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -5.98% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.11% | 4.93% | +1.18% |
Volatility
LBAY vs. AIFD - Volatility Comparison
The current volatility for Leatherback Long/Short Alternative Yield ETF (LBAY) is 6.70%, while TCW Artificial Intelligence ETF (AIFD) has a volatility of 11.69%. This indicates that LBAY experiences smaller price fluctuations and is considered to be less risky than AIFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LBAY | AIFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 11.69% | -4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 13.83% | 25.06% | -11.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.91% | 30.35% | -13.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 30.57% | -16.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.99% | 30.57% | -16.58% |
LBAY vs. AIFD - Expense Ratio Comparison
LBAY has a 1.09% expense ratio, which is higher than AIFD's 0.75% expense ratio.
Dividends
LBAY vs. AIFD - Dividend Comparison
LBAY's dividend yield for the trailing twelve months is around 3.75%, while AIFD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AIFD TCW Artificial Intelligence ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LBAY Leatherback Long/Short Alternative Yield ETF | 3.75% | 3.80% | 3.77% | 3.47% | 2.74% | 2.96% | 0.29% |
Frequently Asked Questions
LBAY and AIFD have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIFD has higher volatility (11.69%) compared to LBAY (6.70%). In terms of maximum drawdown, LBAY dropped -15.99% vs AIFD's -33.20%.
On 1-year performance, AIFD leads with 55.82% vs 12.00% for LBAY. On fees, AIFD is cheaper at 0.75% per year. On volatility, LBAY has been the lower-risk option at 6.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AIFD has performed better with a 55.82% return vs 12.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AIFD is cheaper with a 0.75% expense ratio, compared with 1.09% for LBAY.
LBAY has the higher dividend yield at 3.75%, compared with 0.00% for AIFD.
LBAY is categorized as Long-Short, while AIFD is Artificial Intelligence. They also come from different issuers: Toroso Investments and TCW. Their fees differ too: 1.09% for LBAY and 0.75% for AIFD.
AIFD currently has the higher Sharpe Ratio (1.73 vs 0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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