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LBAY vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between LBAY and QQQ is 0.41, 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.


-0.50.00.51.0
Correlation: 0.4

Performance

LBAY vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leatherback Long/Short Alternative Yield ETF (LBAY) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

30.00%40.00%50.00%60.00%70.00%80.00%90.00%NovemberDecember2025FebruaryMarchApril
40.60%
66.31%
LBAY
QQQ

Key characteristics

Sharpe Ratio

LBAY:

-0.36

QQQ:

0.47

Sortino Ratio

LBAY:

-0.41

QQQ:

0.82

Omega Ratio

LBAY:

0.95

QQQ:

1.11

Calmar Ratio

LBAY:

-0.32

QQQ:

0.52

Martin Ratio

LBAY:

-0.70

QQQ:

1.79

Ulcer Index

LBAY:

7.13%

QQQ:

6.64%

Daily Std Dev

LBAY:

13.85%

QQQ:

25.28%

Max Drawdown

LBAY:

-15.99%

QQQ:

-82.98%

Current Drawdown

LBAY:

-12.20%

QQQ:

-12.28%

Returns By Period

In the year-to-date period, LBAY achieves a 1.77% return, which is significantly higher than QQQ's -7.43% return.


LBAY

YTD

1.77%

1M

-4.18%

6M

-7.16%

1Y

-4.58%

5Y*

N/A

10Y*

N/A

QQQ

YTD

-7.43%

1M

-2.44%

6M

-4.30%

1Y

12.01%

5Y*

17.97%

10Y*

16.64%

*Annualized

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LBAY vs. QQQ - Expense Ratio Comparison

LBAY has a 1.09% expense ratio, which is higher than QQQ's 0.20% expense ratio.


Expense ratio chart for LBAY: current value is 1.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
LBAY: 1.09%
Expense ratio chart for QQQ: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QQQ: 0.20%

Risk-Adjusted Performance

LBAY vs. QQQ — Risk-Adjusted Performance Rank

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

LBAY
The Risk-Adjusted Performance Rank of LBAY is 77
Overall Rank
The Sharpe Ratio Rank of LBAY is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of LBAY is 66
Sortino Ratio Rank
The Omega Ratio Rank of LBAY is 66
Omega Ratio Rank
The Calmar Ratio Rank of LBAY is 55
Calmar Ratio Rank
The Martin Ratio Rank of LBAY is 99
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 5757
Overall Rank
The Sharpe Ratio Rank of QQQ is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 5656
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 5656
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6262
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5555
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

LBAY vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Leatherback Long/Short Alternative Yield ETF (LBAY) and Invesco QQQ (QQQ). 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.


The chart of Sharpe ratio for LBAY, currently valued at -0.36, compared to the broader market-1.000.001.002.003.004.00
LBAY: -0.36
QQQ: 0.47
The chart of Sortino ratio for LBAY, currently valued at -0.41, compared to the broader market-2.000.002.004.006.008.00
LBAY: -0.41
QQQ: 0.82
The chart of Omega ratio for LBAY, currently valued at 0.95, compared to the broader market0.501.001.502.002.50
LBAY: 0.95
QQQ: 1.11
The chart of Calmar ratio for LBAY, currently valued at -0.32, compared to the broader market0.002.004.006.008.0010.0012.00
LBAY: -0.32
QQQ: 0.52
The chart of Martin ratio for LBAY, currently valued at -0.70, compared to the broader market0.0020.0040.0060.00
LBAY: -0.70
QQQ: 1.79

The current LBAY Sharpe Ratio is -0.36, which is lower than the QQQ Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of LBAY and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.36
0.47
LBAY
QQQ

Dividends

LBAY vs. QQQ - Dividend Comparison

LBAY's dividend yield for the trailing twelve months is around 3.75%, more than QQQ's 0.63% yield.


TTM20242023202220212020201920182017201620152014
LBAY
Leatherback Long/Short Alternative Yield ETF
3.75%3.77%3.47%2.74%2.96%0.29%0.00%0.00%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ
0.63%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

LBAY vs. QQQ - Drawdown Comparison

The maximum LBAY drawdown since its inception was -15.99%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for LBAY and QQQ. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-12.20%
-12.28%
LBAY
QQQ

Volatility

LBAY vs. QQQ - Volatility Comparison

The current volatility for Leatherback Long/Short Alternative Yield ETF (LBAY) is 7.66%, while Invesco QQQ (QQQ) has a volatility of 16.86%. This indicates that LBAY experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
7.66%
16.86%
LBAY
QQQ