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

Performance

LBAY vs. SCHD - Performance Comparison

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

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
-1.85%
10.88%
LBAY
SCHD

Returns By Period

In the year-to-date period, LBAY achieves a 3.94% return, which is significantly lower than SCHD's 16.26% return.


LBAY

YTD

3.94%

1M

-4.77%

6M

-1.85%

1Y

6.50%

5Y (annualized)

N/A

10Y (annualized)

N/A

SCHD

YTD

16.26%

1M

0.84%

6M

10.89%

1Y

25.41%

5Y (annualized)

12.67%

10Y (annualized)

11.40%

Key characteristics


LBAYSCHD
Sharpe Ratio0.702.27
Sortino Ratio1.033.27
Omega Ratio1.131.40
Calmar Ratio0.543.34
Martin Ratio2.7012.25
Ulcer Index2.59%2.05%
Daily Std Dev10.06%11.06%
Max Drawdown-15.99%-33.37%
Current Drawdown-7.09%-1.54%

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LBAY vs. SCHD - Expense Ratio Comparison

LBAY has a 1.09% expense ratio, which is higher than SCHD's 0.06% expense ratio.


LBAY
Leatherback Long/Short Alternative Yield ETF
Expense ratio chart for LBAY: current value at 1.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.09%
Expense ratio chart for SCHD: current value at 0.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.06%

Correlation

-0.50.00.51.00.7

The correlation between LBAY and SCHD is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Risk-Adjusted Performance

LBAY vs. SCHD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Leatherback Long/Short Alternative Yield ETF (LBAY) and Schwab US Dividend Equity ETF (SCHD). 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.


Sharpe ratio
The chart of Sharpe ratio for LBAY, currently valued at 0.70, compared to the broader market0.002.004.000.702.27
The chart of Sortino ratio for LBAY, currently valued at 1.03, compared to the broader market-2.000.002.004.006.008.0010.0012.001.033.27
The chart of Omega ratio for LBAY, currently valued at 1.13, compared to the broader market0.501.001.502.002.503.001.131.40
The chart of Calmar ratio for LBAY, currently valued at 0.54, compared to the broader market0.005.0010.0015.000.543.34
The chart of Martin ratio for LBAY, currently valued at 2.70, compared to the broader market0.0020.0040.0060.0080.00100.002.7012.25
LBAY
SCHD

The current LBAY Sharpe Ratio is 0.70, which is lower than the SCHD Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of LBAY and SCHD, 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 Ratio0.000.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
0.70
2.27
LBAY
SCHD

Dividends

LBAY vs. SCHD - Dividend Comparison

LBAY's dividend yield for the trailing twelve months is around 3.48%, more than SCHD's 3.40% yield.


TTM20232022202120202019201820172016201520142013
LBAY
Leatherback Long/Short Alternative Yield ETF
3.48%3.47%2.74%2.96%0.29%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SCHD
Schwab US Dividend Equity ETF
3.40%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%2.63%2.47%

Drawdowns

LBAY vs. SCHD - Drawdown Comparison

The maximum LBAY drawdown since its inception was -15.99%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for LBAY and SCHD. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-7.09%
-1.54%
LBAY
SCHD

Volatility

LBAY vs. SCHD - Volatility Comparison

Leatherback Long/Short Alternative Yield ETF (LBAY) and Schwab US Dividend Equity ETF (SCHD) have volatilities of 3.49% and 3.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%JuneJulyAugustSeptemberOctoberNovember
3.49%
3.39%
LBAY
SCHD