LBAY vs. WTIP

Last updated Jun 24, 2026

LBAY (Leatherback Long/Short Alternative Yield ETF) and WTIP (WisdomTree Inflation Plus Fund) are both Long-Short funds. Both are actively managed. Over the past year, LBAY returned 4.26% vs 21.41% for WTIP. At a 0.21 correlation, their price movements are largely independent. LBAY charges 1.09%/yr vs 0.65%/yr for WTIP.

Performance

LBAY vs. WTIP - Performance Comparison

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

Returns By Period

In the year-to-date period, LBAY achieves a 3.90% return, which is significantly lower than WTIP's 6.43% return.

LBAY

• 1D: 0.94%
• 1M: -3.88%
• YTD: 3.90%
• 6M: 4.36%
• 1Y: 4.26%
• 3Y*: 2.12%
• 5Y*: 4.68%
• 10Y*: —

WTIP

• 1D: -2.55%
• 1M: -8.75%
• YTD: 6.43%
• 6M: 5.21%
• 1Y: 21.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LBAY vs. WTIP - Yearly Performance Comparison

	2026 (YTD)	2025
LBAY Leatherback Long/Short Alternative Yield ETF	3.90%	0.26%
WTIP WisdomTree Inflation Plus Fund	6.43%	13.49%

Correlation

The correlation between LBAY and WTIP is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.21

Return for Risk

LBAY vs. WTIP — Risk / Return Rank

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

LBAY

LBAY Risk / Return Rank: 12
LBAY Sharpe Ratio Rank: 12
LBAY Sortino Ratio Rank: 12
LBAY Omega Ratio Rank: 12
LBAY Calmar Ratio Rank: 12
LBAY Martin Ratio Rank: 12

WTIP

WTIP Risk / Return Rank: 37
WTIP Sharpe Ratio Rank: 38
WTIP Sortino Ratio Rank: 33
WTIP Omega Ratio Rank: 42
WTIP Calmar Ratio Rank: 31
WTIP Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LBAY vs. WTIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leatherback Long/Short Alternative Yield ETF (LBAY) and WisdomTree Inflation Plus Fund (WTIP). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LBAY	WTIP	Difference
Sharpe ratio: Return per unit of total volatility	0.27	1.26	-0.98
Sortino ratio: Return per unit of downside risk	0.52	1.66	-1.14
Omega ratio: Gain probability vs. loss probability	1.06	1.26	-0.20
Calmar ratio: Return relative to maximum drawdown	0.31	1.46	-1.15
Martin ratio: Return relative to average drawdown	0.80	6.25	-5.45

LBAY vs. WTIP - Sharpe Ratio Comparison

The current LBAY Sharpe Ratio is 0.27, which is lower than the WTIP Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of LBAY and WTIP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LBAY vs. WTIP - Drawdown Comparison

The maximum LBAY drawdown since its inception was -15.99%, which is greater than WTIP's maximum drawdown of -14.69%. Use the drawdown chart below to compare losses from any high point for LBAY and WTIP.

Drawdown Indicators

	LBAY	WTIP	Difference
Max Drawdown Largest peak-to-trough decline	-15.99%	-14.69%	-1.30%
Max Drawdown (1Y) Largest decline over 1 year	-13.61%	-14.69%	+1.08%
Max Drawdown (3Y) Largest decline over 3 years	-14.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.99%	—	—
Current Drawdown Current decline from peak	-12.80%	-14.69%	+1.89%
Average Drawdown Average peak-to-trough decline	-6.84%	-1.92%	-4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.33%	3.44%	+1.89%

Volatility

LBAY vs. WTIP - Volatility Comparison

The current volatility for Leatherback Long/Short Alternative Yield ETF (LBAY) is 4.22%, while WisdomTree Inflation Plus Fund (WTIP) has a volatility of 10.06%. This indicates that LBAY experiences smaller price fluctuations and is considered to be less risky than WTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LBAY	WTIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	10.06%	-5.84%
Volatility (6M) Calculated over the trailing 6-month period	12.52%	15.91%	-3.39%
Volatility (1Y) Calculated over the trailing 1-year period	15.63%	17.12%	-1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.56%	17.07%	-3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.76%	17.07%	-3.31%

LBAY vs. WTIP - Expense Ratio Comparison

LBAY has a 1.09% expense ratio, which is higher than WTIP's 0.65% expense ratio.

Dividends

LBAY vs. WTIP - Dividend Comparison

LBAY's dividend yield for the trailing twelve months is around 3.89%, more than WTIP's 3.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
LBAY Leatherback Long/Short Alternative Yield ETF	3.89%	3.80%	3.77%	3.47%	2.74%	2.96%	0.29%
WTIP WisdomTree Inflation Plus Fund	3.01%	1.59%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LBAY and WTIP in my portfolio?

LBAY and WTIP have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LBAY or WTIP?

WTIP has higher volatility (10.06%) compared to LBAY (4.22%). In terms of maximum drawdown, LBAY dropped -15.99% vs WTIP's -14.69%.

Which ETF is better, LBAY or WTIP?

On 1-year performance, WTIP leads with 21.41% vs 4.26% for LBAY. On fees, WTIP is cheaper at 0.65% per year. On volatility, LBAY has been the lower-risk option at 4.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LBAY or WTIP?

Over the 1-year period, WTIP has performed better with a 21.41% return vs 4.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LBAY or WTIP?

WTIP is cheaper with a 0.65% expense ratio, compared with 1.09% for LBAY.

Which ETF pays a higher dividend yield, LBAY or WTIP?

LBAY has the higher dividend yield at 3.89%, compared with 3.01% for WTIP.

What is the main difference between LBAY and WTIP?

They also come from different issuers: Toroso Investments and WisdomTree. Their fees differ too: 1.09% for LBAY and 0.65% for WTIP.

Which has better risk-adjusted returns?

WTIP currently has the higher Sharpe Ratio (1.26 vs 0.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.