LBAY vs. FLSP
Compare and contrast key facts about Leatherback Long/Short Alternative Yield ETF (LBAY) and Franklin Liberty Systematic Style Premia ETF (FLSP).
LBAY and FLSP 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. FLSP is an actively managed fund by Franklin Templeton. It was launched on Dec 18, 2019.
Performance
LBAY vs. FLSP - Performance Comparison
Loading graphics...
LBAY vs. FLSP - 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% |
FLSP Franklin Liberty Systematic Style Premia ETF | 1.08% | 15.56% | 11.75% | 3.14% | 0.44% | 11.44% | -0.78% |
Returns By Period
In the year-to-date period, LBAY achieves a 15.90% return, which is significantly higher than FLSP's 1.08% return.
LBAY
- 1D
- -0.68%
- 1M
- -2.73%
- YTD
- 15.90%
- 6M
- 14.05%
- 1Y
- 12.14%
- 3Y*
- 4.38%
- 5Y*
- 7.44%
- 10Y*
- —
FLSP
- 1D
- 0.63%
- 1M
- -1.63%
- YTD
- 1.08%
- 6M
- 5.31%
- 1Y
- 13.76%
- 3Y*
- 10.39%
- 5Y*
- 8.49%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LBAY vs. FLSP - Expense Ratio Comparison
LBAY has a 1.09% expense ratio, which is higher than FLSP's 0.65% expense ratio.
Return for Risk
LBAY vs. FLSP — Risk / Return Rank
LBAY
FLSP
LBAY vs. FLSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leatherback Long/Short Alternative Yield ETF (LBAY) and Franklin Liberty Systematic Style Premia ETF (FLSP). 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 | FLSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 1.12 | -0.37 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.59 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.23 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.29 | -0.92 |
Martin ratioReturn relative to average drawdown | 3.16 | 10.40 | -7.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| LBAY | FLSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 1.12 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.64 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.30 | +0.43 |
Correlation
The correlation between LBAY and FLSP is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
LBAY vs. FLSP - Dividend Comparison
LBAY's dividend yield for the trailing twelve months is around 3.40%, more than FLSP's 2.62% yield.
| 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% |
FLSP Franklin Liberty Systematic Style Premia ETF | 2.62% | 2.65% | 1.18% | 1.19% | 2.18% | 1.19% | 8.08% |
Drawdowns
LBAY vs. FLSP - Drawdown Comparison
The maximum LBAY drawdown since its inception was -15.99%, smaller than the maximum FLSP drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for LBAY and FLSP.
Loading graphics...
Drawdown Indicators
| LBAY | FLSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.99% | -22.75% | +6.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.71% | -6.66% | -3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -15.99% | -9.52% | -6.47% |
Current DrawdownCurrent decline from peak | -2.73% | -2.12% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -6.42% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 1.46% | +2.72% |
Volatility
LBAY vs. FLSP - Volatility Comparison
Leatherback Long/Short Alternative Yield ETF (LBAY) has a higher volatility of 5.55% compared to Franklin Liberty Systematic Style Premia ETF (FLSP) at 3.54%. This indicates that LBAY's price experiences larger fluctuations and is considered to be riskier than FLSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| LBAY | FLSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 3.54% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | 7.12% | +5.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.19% | 12.38% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 13.41% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.66% | 13.67% | -0.01% |