LBAY vs. AMND

Last updated Apr 1, 2026

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.

Performance

LBAY vs. AMND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leatherback Long/Short Alternative Yield ETF (LBAY) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). The values are adjusted to include any dividend payments, if applicable.

LBAY vs. AMND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LBAY Leatherback Long/Short Alternative Yield ETF	15.90%	4.08%	-3.49%	-8.54%	22.41%	22.27%	4.58%
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	40.42%	13.60%	21.27%	34.91%	4.08%

Returns By Period

LBAY

• 1D: -0.68%
• 1M: -2.73%
• YTD: 15.90%
• 6M: 14.05%
• 1Y: 12.14%
• 3Y*: 4.38%
• 5Y*: 7.44%
• 10Y*: —

AMND

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LBAY vs. AMND - Expense Ratio Comparison

LBAY has a 1.09% expense ratio, which is higher than AMND's 0.75% expense ratio.

LBAY

Leatherback Long/Short Alternative Yield ETF

AMND

ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050

Return for Risk

LBAY vs. AMND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LBAY

LBAY Risk / Return Rank: 43
LBAY Sharpe Ratio Rank: 43
LBAY Sortino Ratio Rank: 45
LBAY Omega Ratio Rank: 39
LBAY Calmar Ratio Rank: 55
LBAY Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LBAY vs. AMND - Risk-Adjusted Trends 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.

	LBAY	AMND	Difference
Sharpe ratio Return per unit of total volatility	0.75	—	—
Sortino ratio Return per unit of downside risk	1.20	—	—
Omega ratio Gain probability vs. loss probability	1.15	—	—
Calmar ratio Return relative to maximum drawdown	1.36	—	—
Martin ratio Return relative to average drawdown	3.16	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LBAY	AMND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	—	—

Correlation

The correlation between LBAY and AMND is 0.52, 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.

Dividends

LBAY vs. AMND - Dividend Comparison

LBAY's dividend yield for the trailing twelve months is around 3.40%, while AMND has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
LBAY Leatherback Long/Short Alternative Yield ETF	3.40%	3.80%	3.77%	3.47%	2.74%	2.96%	0.29%
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	5.14%	6.56%	6.37%	7.10%	2.49%

Drawdowns

Drawdown Indicators

	LBAY	AMND	Difference
Max Drawdown Largest peak-to-trough decline	-15.99%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.99%	—	—
Current Drawdown Current decline from peak	-2.73%	—	—
Average Drawdown Average peak-to-trough decline	-6.77%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	—	—

Volatility

Volatility by Period

	LBAY	AMND	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.49%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.66%	—	—