LSAF vs. LSAT
Compare and contrast key facts about LeaderShares AlphaFactor US Core Equity ETF (LSAF) and Leadershares Alphafactor Tactical Focused ETF (LSAT).
LSAF and LSAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LSAF is a passively managed fund by Redwood that tracks the performance of the AlphaFactor US Core Equity Index. It was launched on Oct 2, 2018. LSAT is an actively managed fund by Redwood. It was launched on Oct 27, 2020.
Performance
LSAF vs. LSAT - Performance Comparison
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LSAF vs. LSAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LSAF LeaderShares AlphaFactor US Core Equity ETF | 1.81% | 12.01% | 18.09% | 15.48% | -13.12% | 22.75% | 13.21% |
LSAT Leadershares Alphafactor Tactical Focused ETF | 1.40% | -1.54% | 18.16% | 13.64% | -12.99% | 25.10% | 20.47% |
Returns By Period
In the year-to-date period, LSAF achieves a 1.81% return, which is significantly higher than LSAT's 1.40% return.
LSAF
- 1D
- 2.31%
- 1M
- -3.24%
- YTD
- 1.81%
- 6M
- 3.31%
- 1Y
- 16.99%
- 3Y*
- 15.43%
- 5Y*
- 8.67%
- 10Y*
- —
LSAT
- 1D
- 1.77%
- 1M
- -1.78%
- YTD
- 1.40%
- 6M
- -2.97%
- 1Y
- 0.13%
- 3Y*
- 9.21%
- 5Y*
- 5.57%
- 10Y*
- —
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LSAF vs. LSAT - Expense Ratio Comparison
LSAF has a 0.75% expense ratio, which is lower than LSAT's 0.99% expense ratio.
Return for Risk
LSAF vs. LSAT — Risk / Return Rank
LSAF
LSAT
LSAF vs. LSAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LeaderShares AlphaFactor US Core Equity ETF (LSAF) and Leadershares Alphafactor Tactical Focused ETF (LSAT). 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.
| LSAF | LSAT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 0.01 | +0.87 |
Sortino ratioReturn per unit of downside risk | 1.38 | 0.13 | +1.25 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.02 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 0.07 | +1.29 |
Martin ratioReturn relative to average drawdown | 6.16 | 0.21 | +5.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LSAF | LSAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.01 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.34 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.65 | -0.24 |
Correlation
The correlation between LSAF and LSAT is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LSAF vs. LSAT - Dividend Comparison
LSAF's dividend yield for the trailing twelve months is around 0.67%, less than LSAT's 1.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LSAF LeaderShares AlphaFactor US Core Equity ETF | 0.67% | 0.69% | 0.42% | 0.84% | 0.96% | 0.37% | 0.53% | 0.71% | 0.20% |
LSAT Leadershares Alphafactor Tactical Focused ETF | 1.87% | 1.90% | 1.31% | 1.85% | 0.36% | 3.44% | 0.30% | 0.00% | 0.00% |
Drawdowns
LSAF vs. LSAT - Drawdown Comparison
The maximum LSAF drawdown since its inception was -41.67%, which is greater than LSAT's maximum drawdown of -20.48%. Use the drawdown chart below to compare losses from any high point for LSAF and LSAT.
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Drawdown Indicators
| LSAF | LSAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.67% | -20.48% | -21.19% |
Max Drawdown (1Y)Largest decline over 1 year | -12.96% | -13.54% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -24.94% | -20.48% | -4.46% |
Current DrawdownCurrent decline from peak | -4.42% | -6.77% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -6.45% | -5.68% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 4.22% | -1.36% |
Volatility
LSAF vs. LSAT - Volatility Comparison
LeaderShares AlphaFactor US Core Equity ETF (LSAF) has a higher volatility of 5.02% compared to Leadershares Alphafactor Tactical Focused ETF (LSAT) at 4.05%. This indicates that LSAF's price experiences larger fluctuations and is considered to be riskier than LSAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSAF | LSAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 4.05% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 9.35% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 17.26% | +2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 16.28% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.04% | 16.90% | +5.14% |