LBAY vs. KMLM
Compare and contrast key facts about Leatherback Long/Short Alternative Yield ETF (LBAY) and KFA Mount Lucas Index Strategy ETF (KMLM).
LBAY and KMLM 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. KMLM is an actively managed fund by CICC. It was launched on Dec 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LBAY or KMLM.
Key characteristics
| LBAY | KMLM | |
|---|---|---|
| YTD Return | 5.22% | -2.65% |
| 1Y Return | 10.92% | -10.94% |
| 3Y Return (Ann) | 7.13% | 3.33% |
| Sharpe Ratio | 1.07 | -0.88 |
| Sortino Ratio | 1.55 | -1.12 |
| Omega Ratio | 1.19 | 0.87 |
| Calmar Ratio | 0.70 | -0.38 |
| Martin Ratio | 4.46 | -1.23 |
| Ulcer Index | 2.39% | 7.85% |
| Daily Std Dev | 9.94% | 11.01% |
| Max Drawdown | -15.99% | -25.42% |
| Current Drawdown | -5.94% | -24.30% |
Correlation
The correlation between LBAY and KMLM is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
LBAY vs. KMLM - Performance Comparison
In the year-to-date period, LBAY achieves a 5.22% return, which is significantly higher than KMLM's -2.65% 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. KMLM - Expense Ratio Comparison
LBAY has a 1.09% expense ratio, which is higher than KMLM's 0.90% expense ratio.
Risk-Adjusted Performance
LBAY vs. KMLM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Leatherback Long/Short Alternative Yield ETF (LBAY) and KFA Mount Lucas Index Strategy ETF (KMLM). 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. KMLM - Dividend Comparison
LBAY's dividend yield for the trailing twelve months is around 3.44%, while KMLM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
LBAY Leatherback Long/Short Alternative Yield ETF | 3.44% | 3.47% | 2.74% | 2.96% | 0.29% |
KMLM KFA Mount Lucas Index Strategy ETF | 0.00% | 0.00% | 8.12% | 6.94% | 0.00% |
Drawdowns
LBAY vs. KMLM - Drawdown Comparison
The maximum LBAY drawdown since its inception was -15.99%, smaller than the maximum KMLM drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for LBAY and KMLM. For additional features, visit the drawdowns tool.
Volatility
LBAY vs. KMLM - Volatility Comparison
Leatherback Long/Short Alternative Yield ETF (LBAY) has a higher volatility of 3.37% compared to KFA Mount Lucas Index Strategy ETF (KMLM) at 3.20%. This indicates that LBAY's price experiences larger fluctuations and is considered to be riskier than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.