LSAT vs. SPY
Compare and contrast key facts about Leadershares Alphafactor Tactical Focused ETF (LSAT) and SPDR S&P 500 ETF (SPY).
LSAT and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LSAT or SPY.
Key characteristics
| LSAT | SPY | |
|---|---|---|
| YTD Return | 22.76% | 26.77% |
| 1Y Return | 33.75% | 37.43% |
| 3Y Return (Ann) | 7.06% | 10.15% |
| Sharpe Ratio | 2.56 | 3.06 |
| Sortino Ratio | 3.60 | 4.08 |
| Omega Ratio | 1.44 | 1.58 |
| Calmar Ratio | 3.01 | 4.44 |
| Martin Ratio | 15.51 | 20.11 |
| Ulcer Index | 2.14% | 1.85% |
| Daily Std Dev | 12.99% | 12.18% |
| Max Drawdown | -20.48% | -55.19% |
| Current Drawdown | -0.77% | -0.31% |
Correlation
The correlation between LSAT and SPY is 0.71, 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.
Performance
LSAT vs. SPY - Performance Comparison
In the year-to-date period, LSAT achieves a 22.76% return, which is significantly lower than SPY's 26.77% 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. SPY - Expense Ratio Comparison
LSAT has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
LSAT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Leadershares Alphafactor Tactical Focused ETF (LSAT) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
LSAT's dividend yield for the trailing twelve months is around 1.51%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSAT Leadershares Alphafactor Tactical Focused ETF | 1.51% | 1.85% | 0.36% | 3.44% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
LSAT vs. SPY - Drawdown Comparison
The maximum LSAT drawdown since its inception was -20.48%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LSAT and SPY. For additional features, visit the drawdowns tool.
Volatility
LSAT vs. SPY - Volatility Comparison
Leadershares Alphafactor Tactical Focused ETF (LSAT) and SPDR S&P 500 ETF (SPY) have volatilities of 3.98% and 3.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.