LSAT vs. ACTV

Last updated Jun 3, 2026

LSAT (Leadershares Alphafactor Tactical Focused ETF) and ACTV (LeaderShares Activist Leaders ETF) are both exchange-traded funds - LSAT is a Money Market fund actively managed by Redwood, while ACTV is a Global Equities fund actively managed by Redwood. Both are actively managed. A 0.73 correlation means they provide meaningful diversification when combined. LSAT charges 0.99%/yr vs 0.75%/yr for ACTV.

Performance

LSAT vs. ACTV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leadershares Alphafactor Tactical Focused ETF (LSAT) and LeaderShares Activist Leaders ETF (ACTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LSAT

• 1D: 0.27%
• 1M: 1.70%
• YTD: 10.77%
• 6M: 9.61%
• 1Y: 10.81%
• 3Y*: 11.89%
• 5Y*: 6.09%
• 10Y*: —

ACTV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LSAT vs. ACTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LSAT Leadershares Alphafactor Tactical Focused ETF	10.77%	-1.54%	18.16%	13.64%	-12.99%	25.10%	20.47%
ACTV LeaderShares Activist Leaders ETF	0.00%	3.13%	-1.70%	15.22%	-19.33%	25.52%	27.02%

Correlation

The correlation between LSAT and ACTV is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Oct 28, 2020	0.73

Over the past year, the correlation between LSAT and ACTV has dropped to 0.28 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

LSAT vs. ACTV - Sectors Allocation Comparison

Sectors	LSAT	ACTV
Consumer Cyclical	23.9%	12.0%
Financial Services	23.0%	98.5%
Industrials	13.6%	6.6%
Technology	13.0%	30.1%
Communication Services	8.1%	12.3%
Healthcare	6.2%	7.1%
Consumer Defensive	3.3%	6.8%
Real Estate	3.1%	9.3%
Energy	3.0%	2.1%
Basic Materials	2.8%	1.2%
Utilities	-	3.0%

Return for Risk

LSAT vs. ACTV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LSAT

LSAT Risk / Return Rank: 25
LSAT Sharpe Ratio Rank: 24
LSAT Sortino Ratio Rank: 25
LSAT Omega Ratio Rank: 23
LSAT Calmar Ratio Rank: 27
LSAT Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LSAT vs. ACTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leadershares Alphafactor Tactical Focused ETF (LSAT) and LeaderShares Activist Leaders ETF (ACTV). 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.

	LSAT	ACTV	Difference
Sharpe ratio Return per unit of total volatility	0.86	—	—
Sortino ratio Return per unit of downside risk	1.34	—	—
Omega ratio Gain probability vs. loss probability	1.15	—	—
Calmar ratio Return relative to maximum drawdown	1.35	—	—
Martin ratio Return relative to average drawdown	3.18	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LSAT	ACTV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	—	—

Drawdowns

Drawdown Indicators

	LSAT	ACTV	Difference
Max Drawdown Largest peak-to-trough decline	-20.48%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.48%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-5.56%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	—	—

Volatility

Volatility by Period

	LSAT	ACTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.25%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.76%	—	—

LSAT vs. ACTV - Expense Ratio Comparison

LSAT has a 0.99% expense ratio, which is higher than ACTV's 0.75% expense ratio.

Dividends

LSAT vs. ACTV - Dividend Comparison

LSAT's dividend yield for the trailing twelve months is around 1.71%, more than ACTV's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ACTV LeaderShares Activist Leaders ETF	1.28%	1.28%	0.80%	1.18%	0.28%	7.63%	0.11%
LSAT Leadershares Alphafactor Tactical Focused ETF	1.71%	1.90%	1.31%	1.85%	0.36%	3.44%	0.30%

Frequently Asked Questions

Can I hold both LSAT and ACTV in my portfolio?

LSAT and ACTV have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LSAT or ACTV?

On fees, ACTV is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LSAT or ACTV?

ACTV is cheaper with a 0.75% expense ratio, compared with 0.99% for LSAT.

Which ETF pays a higher dividend yield, LSAT or ACTV?

LSAT has the higher dividend yield at 1.71%, compared with 1.28% for ACTV.

What is the main difference between LSAT and ACTV?

LSAT is categorized as Money Market, while ACTV is Global Equities. Their fees differ too: 0.99% for LSAT and 0.75% for ACTV.