LBAY vs. ^GSPC
Compare and contrast key facts about Leatherback Long/Short Alternative Yield ETF (LBAY) and S&P 500 (^GSPC).
LBAY is an actively managed fund by Toroso Investments. It was launched on Nov 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LBAY or ^GSPC.
Performance
LBAY vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, LBAY achieves a 4.86% return, which is significantly lower than ^GSPC's 24.72% return.
LBAY
4.86%
-3.99%
0.57%
7.17%
N/A
N/A
^GSPC
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Key characteristics
| LBAY | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 0.74 | 2.54 |
| Sortino Ratio | 1.09 | 3.40 |
| Omega Ratio | 1.13 | 1.47 |
| Calmar Ratio | 0.57 | 3.66 |
| Martin Ratio | 2.85 | 16.26 |
| Ulcer Index | 2.61% | 1.91% |
| Daily Std Dev | 10.09% | 12.23% |
| Max Drawdown | -15.99% | -56.78% |
| Current Drawdown | -6.26% | -0.88% |
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Correlation
The correlation between LBAY and ^GSPC 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. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Leatherback Long/Short Alternative Yield ETF (LBAY) and S&P 500 (^GSPC). 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.
Drawdowns
LBAY vs. ^GSPC - Drawdown Comparison
The maximum LBAY drawdown since its inception was -15.99%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for LBAY and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
LBAY vs. ^GSPC - Volatility Comparison
The current volatility for Leatherback Long/Short Alternative Yield ETF (LBAY) is 3.67%, while S&P 500 (^GSPC) has a volatility of 3.96%. This indicates that LBAY experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.