LSAF vs. ABCS

Last updated Aug 2, 2026

LSAF (LeaderShares AlphaFactor US Core Equity ETF) and ABCS (Alpha Blue Capital US Small-Mid Cap Dynamic ETF) are both Mid Cap Blend Equities funds - LSAF tracks the AlphaFactor US Core Equity Index while ABCS tracks the BNY Mellon ABC Index. Both are passively managed. Over the past year, LSAF returned 30.03% vs 25.77% for ABCS. Their correlation of 0.91 means they have usually moved in the same direction. LSAF charges 0.75%/yr vs 0.27%/yr for ABCS.

Performance

LSAF vs. ABCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LeaderShares AlphaFactor US Core Equity ETF (LSAF) and Alpha Blue Capital US Small-Mid Cap Dynamic ETF (ABCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LSAF achieves a 19.96% return, which is significantly higher than ABCS's 16.54% return.

LSAF

• 1D: -0.55%
• 1M: 2.49%
• 6M: 17.23%
• YTD: 19.96%
• 1Y: 30.03%
• 3Y*: 18.58%
• 5Y*: 10.90%
• 10Y*: —
• ALL TIME*: 11.02%

ABCS

• 1D: -0.47%
• 1M: 3.51%
• 6M: 14.48%
• YTD: 16.54%
• 1Y: 25.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.96%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ABCS Alpha Blue Capital US Small-Mid Cap Dynamic ETF	$78.00K	$72.55K	$66.49K
LSAF LeaderShares AlphaFactor US Core Equity ETF	$265.84K	$205.64K	$201.86K

LSAF vs. ABCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LSAF LeaderShares AlphaFactor US Core Equity ETF	19.96%	12.01%	18.09%	-0.35%
ABCS Alpha Blue Capital US Small-Mid Cap Dynamic ETF	16.54%	7.95%	14.47%	-0.06%

Correlation

The correlation between LSAF and ABCS is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (All Time) Calculated using the full available price history since Dec 20, 2023	0.91

The correlation between LSAF and ABCS has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

LSAF vs. ABCS - Sectors Allocation Comparison

Sectors	LSAF	ABCS
Consumer Cyclical	19.9%	14.1%
Financial Services	16.2%	21.0%
Technology	15.4%	13.8%
Industrials	10.7%	11.5%
Healthcare	7.8%	16.9%
Basic Materials	5.8%	3.4%
Communication Services	4.7%	2.0%
Consumer Defensive	4.1%	4.7%
Energy	3.3%	5.3%
Real Estate	2.1%	4.5%
Utilities	0.9%	3.0%

Return for Risk

LSAF vs. ABCS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LSAF

LSAF Risk / Return Rank: 88
LSAF Sharpe Ratio Rank: 85
LSAF Sortino Ratio Rank: 87
LSAF Omega Ratio Rank: 82
LSAF Calmar Ratio Rank: 93
LSAF Martin Ratio Rank: 91

ABCS

ABCS Risk / Return Rank: 78
ABCS Sharpe Ratio Rank: 78
ABCS Sortino Ratio Rank: 81
ABCS Omega Ratio Rank: 75
ABCS Calmar Ratio Rank: 80
ABCS Martin Ratio Rank: 75

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LSAF vs. ABCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LeaderShares AlphaFactor US Core Equity ETF (LSAF) and Alpha Blue Capital US Small-Mid Cap Dynamic ETF (ABCS). 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.

	LSAF	ABCS	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.78	+0.25
Sortino ratio: Return per unit of downside risk	2.98	2.65	+0.33
Omega ratio: Gain probability vs. loss probability	1.35	1.32	+0.03
Calmar ratio: Return relative to maximum drawdown	4.41	2.90	+1.51
Martin ratio: Return relative to average drawdown	14.86	9.35	+5.51

LSAF vs. ABCS - Sharpe Ratio Comparison

The current LSAF Sharpe Ratio is 2.03, which is comparable to the ABCS Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of LSAF and ABCS, 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

LSAF vs. ABCS - Drawdown Comparison

The maximum LSAF drawdown since its inception was -41.67%, which is greater than ABCS's maximum drawdown of -20.52%. Use the drawdown chart below to compare losses from any high point for LSAF and ABCS.

Drawdown Indicators

	LSAF	ABCS	Difference
Max Drawdown Largest peak-to-trough decline	-41.67%	-20.52%	-21.15%
Max Drawdown (1Y) Largest decline over 1 year	-6.58%	-8.33%	+1.75%
Max Drawdown (3Y) Largest decline over 3 years	-20.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.94%	—	—
Current Drawdown Current decline from peak	-1.48%	-1.27%	-0.21%
Average Drawdown Average peak-to-trough decline	-6.21%	-3.34%	-2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	2.58%	-0.63%

Volatility

LSAF vs. ABCS - Volatility Comparison

LeaderShares AlphaFactor US Core Equity ETF (LSAF) has a higher volatility of 4.21% compared to Alpha Blue Capital US Small-Mid Cap Dynamic ETF (ABCS) at 3.89%. This indicates that LSAF's price experiences larger fluctuations and is considered to be riskier than ABCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSAF	ABCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	3.89%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	10.49%	9.39%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	14.36%	13.59%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.38%	16.91%	+1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.73%	16.91%	+4.82%

LSAF vs. ABCS - Expense Ratio Comparison

LSAF has a 0.75% expense ratio, which is higher than ABCS's 0.27% expense ratio.

Dividends

LSAF vs. ABCS - Dividend Comparison

LSAF's dividend yield for the trailing twelve months is around 0.57%, less than ABCS's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ABCS Alpha Blue Capital US Small-Mid Cap Dynamic ETF	1.12%	1.37%	1.39%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%
LSAF LeaderShares AlphaFactor US Core Equity ETF	0.57%	0.69%	0.42%	0.84%	0.96%	0.37%	0.53%	0.71%	0.20%

Frequently Asked Questions

Can I hold both LSAF and ABCS in my portfolio?

With a correlation of 0.91, LSAF and ABCS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, LSAF or ABCS?

LSAF has higher volatility (4.21%) compared to ABCS (3.89%). In terms of maximum drawdown, LSAF dropped -41.67% vs ABCS's -20.52%.

Which ETF is better, LSAF or ABCS?

On 1-year performance, LSAF leads with 30.03% vs 25.77% for ABCS. On fees, ABCS is cheaper at 0.27% per year. On volatility, ABCS has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LSAF or ABCS?

Over the 1-year period, LSAF has performed better with a 30.03% return vs 25.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LSAF or ABCS?

ABCS is cheaper with a 0.27% expense ratio, compared with 0.75% for LSAF.

Which ETF pays a higher dividend yield, LSAF or ABCS?

ABCS has the higher dividend yield at 1.12%, compared with 0.57% for LSAF.

What is the main difference between LSAF and ABCS?

LSAF tracks AlphaFactor US Core Equity Index, while ABCS tracks BNY Mellon ABC Index. They also come from different issuers: Redwood and Alpha Architect. Their fees differ too: 0.75% for LSAF and 0.27% for ABCS.

Which has better risk-adjusted returns?

LSAF currently has the higher Sharpe Ratio (2.03 vs 1.78), 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.