LBAY vs. AMND
Compare and contrast key facts about Leatherback Long/Short Alternative Yield ETF (LBAY) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND).
LBAY and AMND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LBAY is an actively managed fund by Toroso Investments. It was launched on Nov 16, 2020. AMND is a passively managed fund by UBS that tracks the performance of the Alerian Midstream Energy Dividend Index. It was launched on Jul 15, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LBAY or AMND.
Correlation
The correlation between LBAY and AMND is 0.61, 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
LBAY vs. AMND - Performance Comparison
Key characteristics
Returns By Period
LBAY
0.50%
1.12%
-8.88%
-3.02%
N/A
N/A
AMND
N/A
N/A
N/A
N/A
N/A
N/A
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LBAY vs. AMND - Expense Ratio Comparison
LBAY has a 1.09% expense ratio, which is higher than AMND's 0.75% expense ratio.
Risk-Adjusted Performance
LBAY vs. AMND — Risk-Adjusted Performance Rank
LBAY
AMND
LBAY vs. AMND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Leatherback Long/Short Alternative Yield ETF (LBAY) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). 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
LBAY vs. AMND - Dividend Comparison
LBAY's dividend yield for the trailing twelve months is around 3.44%, while AMND has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
LBAY Leatherback Long/Short Alternative Yield ETF | 3.44% | 3.77% | 3.47% | 2.74% | 2.96% | 0.29% |
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 | 3.90% | 5.14% | 6.56% | 6.37% | 7.10% | 2.49% |
Drawdowns
LBAY vs. AMND - Drawdown Comparison
Volatility
LBAY vs. AMND - Volatility Comparison
Leatherback Long/Short Alternative Yield ETF (LBAY) has a higher volatility of 4.62% compared to ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) at 0.00%. This indicates that LBAY's price experiences larger fluctuations and is considered to be riskier than AMND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.