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

Performance

LBAY vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leatherback Long/Short Alternative Yield ETF (LBAY) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
0.51%
12.85%
LBAY
VOO

Returns By Period

In the year-to-date period, LBAY achieves a 4.86% return, which is significantly lower than VOO's 26.16% return.


LBAY

YTD

4.86%

1M

-3.99%

6M

0.57%

1Y

7.17%

5Y (annualized)

N/A

10Y (annualized)

N/A

VOO

YTD

26.16%

1M

1.77%

6M

13.62%

1Y

32.33%

5Y (annualized)

15.68%

10Y (annualized)

13.18%

Key characteristics


LBAYVOO
Sharpe Ratio0.742.70
Sortino Ratio1.093.60
Omega Ratio1.131.50
Calmar Ratio0.573.90
Martin Ratio2.8517.65
Ulcer Index2.61%1.86%
Daily Std Dev10.09%12.19%
Max Drawdown-15.99%-33.99%
Current Drawdown-6.26%-0.86%

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LBAY vs. VOO - Expense Ratio Comparison

LBAY has a 1.09% expense ratio, which is higher than VOO's 0.03% 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 VOO: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Correlation

-0.50.00.51.00.4

The correlation between LBAY and VOO is 0.43, 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.

Risk-Adjusted Performance

LBAY vs. VOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Leatherback Long/Short Alternative Yield ETF (LBAY) and Vanguard S&P 500 ETF (VOO). 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 0.74, compared to the broader market0.002.004.000.742.70
The chart of Sortino ratio for LBAY, currently valued at 1.09, compared to the broader market-2.000.002.004.006.008.0010.001.093.60
The chart of Omega ratio for LBAY, currently valued at 1.13, compared to the broader market0.501.001.502.002.503.001.131.50
The chart of Calmar ratio for LBAY, currently valued at 0.57, compared to the broader market0.005.0010.0015.000.573.90
The chart of Martin ratio for LBAY, currently valued at 2.85, compared to the broader market0.0020.0040.0060.0080.00100.002.8517.65
LBAY
VOO

The current LBAY Sharpe Ratio is 0.74, which is lower than the VOO Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of LBAY and VOO, 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 Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
0.74
2.70
LBAY
VOO

Dividends

LBAY vs. VOO - Dividend Comparison

LBAY's dividend yield for the trailing twelve months is around 3.45%, more than VOO's 1.24% yield.


TTM20232022202120202019201820172016201520142013
LBAY
Leatherback Long/Short Alternative Yield ETF
3.45%3.47%2.74%2.96%0.29%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VOO
Vanguard S&P 500 ETF
1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

Drawdowns

LBAY vs. VOO - Drawdown Comparison

The maximum LBAY drawdown since its inception was -15.99%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for LBAY and VOO. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-6.26%
-0.86%
LBAY
VOO

Volatility

LBAY vs. VOO - Volatility Comparison

The current volatility for Leatherback Long/Short Alternative Yield ETF (LBAY) is 3.67%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.99%. This indicates that LBAY experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.67%
3.99%
LBAY
VOO