LSAT vs. BERZ
Compare and contrast key facts about Leadershares Alphafactor Tactical Focused ETF (LSAT) and MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ).
LSAT and BERZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LSAT is an actively managed fund by Redwood Investment Management. It was launched on Oct 27, 2020. BERZ is a passively managed fund by BMO Financial Group that tracks the performance of the Solactive FANG Innovation Index. It was launched on Aug 17, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LSAT or BERZ.
Key characteristics
| LSAT | BERZ | |
|---|---|---|
| YTD Return | 22.76% | -65.32% |
| 1Y Return | 33.75% | -75.13% |
| 3Y Return (Ann) | 7.06% | -57.22% |
| Sharpe Ratio | 2.56 | -1.06 |
| Sortino Ratio | 3.60 | -2.21 |
| Omega Ratio | 1.44 | 0.76 |
| Calmar Ratio | 3.01 | -0.77 |
| Martin Ratio | 15.51 | -1.41 |
| Ulcer Index | 2.14% | 53.09% |
| Daily Std Dev | 12.99% | 70.92% |
| Max Drawdown | -20.48% | -97.18% |
| Current Drawdown | -0.77% | -97.11% |
Correlation
The correlation between LSAT and BERZ is -0.52. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
LSAT vs. BERZ - Performance Comparison
In the year-to-date period, LSAT achieves a 22.76% return, which is significantly higher than BERZ's -65.32% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LSAT vs. BERZ - Expense Ratio Comparison
LSAT has a 0.99% expense ratio, which is higher than BERZ's 0.95% expense ratio.
Risk-Adjusted Performance
LSAT vs. BERZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Leadershares Alphafactor Tactical Focused ETF (LSAT) and MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ). 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.
Dividends
LSAT vs. BERZ - Dividend Comparison
LSAT's dividend yield for the trailing twelve months is around 1.51%, while BERZ has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
LSAT Leadershares Alphafactor Tactical Focused ETF | 1.51% | 1.85% | 0.36% | 3.44% | 0.31% |
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LSAT vs. BERZ - Drawdown Comparison
The maximum LSAT drawdown since its inception was -20.48%, smaller than the maximum BERZ drawdown of -97.18%. Use the drawdown chart below to compare losses from any high point for LSAT and BERZ. For additional features, visit the drawdowns tool.
Volatility
LSAT vs. BERZ - Volatility Comparison
The current volatility for Leadershares Alphafactor Tactical Focused ETF (LSAT) is 3.98%, while MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a volatility of 22.61%. This indicates that LSAT experiences smaller price fluctuations and is considered to be less risky than BERZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.