LBAY vs. SCHD
Compare and contrast key facts about Leatherback Long/Short Alternative Yield ETF (LBAY) and Schwab US Dividend Equity ETF (SCHD).
LBAY and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LBAY or SCHD.
Key characteristics
| LBAY | SCHD | |
|---|---|---|
| YTD Return | 2.92% | 3.15% |
| 1Y Return | -0.02% | 11.32% |
| 3Y Return (Ann) | 7.07% | 5.03% |
| Sharpe Ratio | 0.04 | 1.08 |
| Daily Std Dev | 9.40% | 11.53% |
| Max Drawdown | -15.99% | -33.37% |
| Current Drawdown | -8.00% | -3.36% |
Correlation
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.
Performance
LBAY vs. SCHD - Performance Comparison
In the year-to-date period, LBAY achieves a 2.92% return, which is significantly lower than SCHD's 3.15% 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. SCHD - Expense Ratio Comparison
LBAY has a 1.09% expense ratio, which is higher than SCHD's 0.06% expense ratio.
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.
Dividends
LBAY vs. SCHD - Dividend Comparison
LBAY's dividend yield for the trailing twelve months is around 3.43%, which matches SCHD's 3.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LBAY Leatherback Long/Short Alternative Yield ETF | 3.43% | 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 | 3.43% | 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.
Volatility
LBAY vs. SCHD - Volatility Comparison
The current volatility for Leatherback Long/Short Alternative Yield ETF (LBAY) is 2.32%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 3.41%. This indicates that LBAY experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.