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

Performance

LBAY vs. XYLD - Performance Comparison

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

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
-1.85%
9.72%
LBAY
XYLD

Returns By Period

In the year-to-date period, LBAY achieves a 3.94% return, which is significantly lower than XYLD's 15.79% return.


LBAY

YTD

3.94%

1M

-4.77%

6M

-1.85%

1Y

6.50%

5Y (annualized)

N/A

10Y (annualized)

N/A

XYLD

YTD

15.79%

1M

1.48%

6M

9.72%

1Y

18.57%

5Y (annualized)

6.63%

10Y (annualized)

6.77%

Key characteristics


LBAYXYLD
Sharpe Ratio0.702.69
Sortino Ratio1.033.65
Omega Ratio1.131.70
Calmar Ratio0.543.05
Martin Ratio2.7023.50
Ulcer Index2.59%0.79%
Daily Std Dev10.06%6.90%
Max Drawdown-15.99%-33.46%
Current Drawdown-7.09%-0.16%

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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.


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 XYLD: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%

Correlation

-0.50.00.51.00.4

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.

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.


Sharpe ratio
The chart of Sharpe ratio for LBAY, currently valued at 0.70, compared to the broader market0.002.004.000.702.69
The chart of Sortino ratio for LBAY, currently valued at 1.03, compared to the broader market-2.000.002.004.006.008.0010.0012.001.033.65
The chart of Omega ratio for LBAY, currently valued at 1.13, compared to the broader market0.501.001.502.002.503.001.131.70
The chart of Calmar ratio for LBAY, currently valued at 0.54, compared to the broader market0.005.0010.0015.000.543.05
The chart of Martin ratio for LBAY, currently valued at 2.70, compared to the broader market0.0020.0040.0060.0080.00100.002.7023.50
LBAY
XYLD

The current LBAY Sharpe Ratio is 0.70, which is lower than the XYLD Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of LBAY and XYLD, 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 Ratio0.000.501.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
0.70
2.69
LBAY
XYLD

Dividends

LBAY vs. XYLD - Dividend Comparison

LBAY's dividend yield for the trailing twelve months is around 3.48%, less than XYLD's 9.43% 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%
XYLD
Global X S&P 500 Covered Call ETF
9.43%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.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-7.09%
-0.16%
LBAY
XYLD

Volatility

LBAY vs. XYLD - Volatility Comparison

Leatherback Long/Short Alternative Yield ETF (LBAY) has a higher volatility of 3.49% compared to Global X S&P 500 Covered Call ETF (XYLD) at 2.45%. 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.


0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.49%
2.45%
LBAY
XYLD