LSAT vs. LSAF
Compare and contrast key facts about Leadershares Alphafactor Tactical Focused ETF (LSAT) and LeaderShares AlphaFactor US Core Equity ETF (LSAF).
LSAT and LSAF 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. It was launched on Oct 27, 2020. 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.
Performance
LSAT vs. LSAF - Performance Comparison
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LSAT vs. LSAF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LSAT Leadershares Alphafactor Tactical Focused ETF | 1.40% | -1.54% | 18.16% | 13.64% | -12.99% | 25.10% | 20.47% |
LSAF LeaderShares AlphaFactor US Core Equity ETF | 1.81% | 12.01% | 18.09% | 15.48% | -13.12% | 22.75% | 13.21% |
Returns By Period
In the year-to-date period, LSAT achieves a 1.40% return, which is significantly lower than LSAF's 1.81% return.
LSAT
- 1D
- 1.77%
- 1M
- -1.78%
- YTD
- 1.40%
- 6M
- -2.97%
- 1Y
- 0.13%
- 3Y*
- 9.21%
- 5Y*
- 5.57%
- 10Y*
- —
LSAF
- 1D
- 2.31%
- 1M
- -3.24%
- YTD
- 1.81%
- 6M
- 3.31%
- 1Y
- 16.99%
- 3Y*
- 15.43%
- 5Y*
- 8.67%
- 10Y*
- —
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LSAT vs. LSAF - Expense Ratio Comparison
LSAT has a 0.99% expense ratio, which is higher than LSAF's 0.75% expense ratio.
Return for Risk
LSAT vs. LSAF — Risk / Return Rank
LSAT
LSAF
LSAT vs. LSAF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leadershares Alphafactor Tactical Focused ETF (LSAT) and LeaderShares AlphaFactor US Core Equity ETF (LSAF). 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 | LSAF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.01 | 0.87 | -0.87 |
Sortino ratioReturn per unit of downside risk | 0.13 | 1.38 | -1.25 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.18 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.07 | 1.36 | -1.29 |
Martin ratioReturn relative to average drawdown | 0.21 | 6.16 | -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
| LSAT | LSAF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | 0.87 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.47 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.42 | +0.24 |
Correlation
The correlation between LSAT and LSAF 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
LSAT vs. LSAF - Dividend Comparison
LSAT's dividend yield for the trailing twelve months is around 1.87%, more than LSAF's 0.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LSAT Leadershares Alphafactor Tactical Focused ETF | 1.87% | 1.90% | 1.31% | 1.85% | 0.36% | 3.44% | 0.30% | 0.00% | 0.00% |
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% |
Drawdowns
LSAT vs. LSAF - Drawdown Comparison
The maximum LSAT drawdown since its inception was -20.48%, smaller than the maximum LSAF drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for LSAT and LSAF.
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Drawdown Indicators
| LSAT | LSAF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.48% | -41.67% | +21.19% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -12.96% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | -24.94% | +4.46% |
Current DrawdownCurrent decline from peak | -6.77% | -4.42% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -6.45% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 2.86% | +1.36% |
Volatility
LSAT vs. LSAF - Volatility Comparison
The current volatility for Leadershares Alphafactor Tactical Focused ETF (LSAT) is 4.05%, while LeaderShares AlphaFactor US Core Equity ETF (LSAF) has a volatility of 5.02%. This indicates that LSAT experiences smaller price fluctuations and is considered to be less risky than LSAF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSAT | LSAF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 5.02% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 9.35% | 11.01% | -1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.26% | 19.56% | -2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 18.38% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 22.04% | -5.14% |