LBAY vs. XYLD
Compare and contrast key facts about Leatherback Long/Short Alternative Yield ETF (LBAY) and Global X S&P 500 Covered Call ETF (XYLD).
LBAY and XYLD 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. XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LBAY or XYLD.
Key characteristics
| LBAY | XYLD | |
|---|---|---|
| YTD Return | 5.22% | 15.90% |
| 1Y Return | 10.92% | 19.19% |
| 3Y Return (Ann) | 7.13% | 4.76% |
| Sharpe Ratio | 1.07 | 2.80 |
| Sortino Ratio | 1.55 | 3.80 |
| Omega Ratio | 1.19 | 1.74 |
| Calmar Ratio | 0.70 | 2.99 |
| Martin Ratio | 4.46 | 24.40 |
| Ulcer Index | 2.39% | 0.79% |
| Daily Std Dev | 9.94% | 6.87% |
| Max Drawdown | -15.99% | -33.46% |
| Current Drawdown | -5.94% | 0.00% |
Correlation
The correlation between LBAY and XYLD is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
LBAY vs. XYLD - Performance Comparison
In the year-to-date period, LBAY achieves a 5.22% return, which is significantly lower than XYLD's 15.90% 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. XYLD - Expense Ratio Comparison
LBAY has a 1.09% expense ratio, which is higher than XYLD's 0.60% expense ratio.
Risk-Adjusted Performance
LBAY vs. XYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Leatherback Long/Short Alternative Yield ETF (LBAY) and Global X S&P 500 Covered Call ETF (XYLD). 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. XYLD - Dividend Comparison
LBAY's dividend yield for the trailing twelve months is around 3.44%, less than XYLD's 9.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LBAY Leatherback Long/Short Alternative Yield ETF | 3.44% | 3.47% | 2.74% | 2.96% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 9.09% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.24% | 4.65% | 4.15% | 2.49% |
Drawdowns
LBAY vs. XYLD - Drawdown Comparison
The maximum LBAY drawdown since its inception was -15.99%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for LBAY and XYLD. For additional features, visit the drawdowns tool.
Volatility
LBAY vs. XYLD - Volatility Comparison
Leatherback Long/Short Alternative Yield ETF (LBAY) has a higher volatility of 3.37% compared to Global X S&P 500 Covered Call ETF (XYLD) at 2.34%. This indicates that LBAY's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.