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.
Key characteristics
| LBAY | AMND | |
|---|---|---|
| YTD Return | 4.14% | 36.82% |
| 1Y Return | 8.13% | 40.56% |
| 3Y Return (Ann) | 6.61% | 21.17% |
| Sharpe Ratio | 0.95 | 3.54 |
| Sortino Ratio | 1.38 | 5.04 |
| Omega Ratio | 1.17 | 1.63 |
| Calmar Ratio | 0.68 | 7.38 |
| Martin Ratio | 3.84 | 28.05 |
| Ulcer Index | 2.47% | 1.50% |
| Daily Std Dev | 9.99% | 11.89% |
| Max Drawdown | -15.99% | -18.21% |
| Current Drawdown | -6.90% | -0.88% |
Correlation
The correlation between LBAY and AMND is 0.63, 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
In the year-to-date period, LBAY achieves a 4.14% return, which is significantly lower than AMND's 36.82% 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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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 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 3.47%, less than AMND's 5.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
LBAY Leatherback Long/Short Alternative Yield ETF | 3.47% | 3.47% | 2.74% | 2.96% | 0.29% |
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 | 5.28% | 6.57% | 6.37% | 7.10% | 2.49% |
Drawdowns
LBAY vs. AMND - Drawdown Comparison
The maximum LBAY drawdown since its inception was -15.99%, smaller than the maximum AMND drawdown of -18.21%. Use the drawdown chart below to compare losses from any high point for LBAY and AMND. For additional features, visit the drawdowns tool.
Volatility
LBAY vs. AMND - Volatility Comparison
The current volatility for Leatherback Long/Short Alternative Yield ETF (LBAY) is 3.22%, while ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) has a volatility of 3.68%. This indicates that LBAY experiences smaller price fluctuations and is considered to be less risky than AMND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.