SPEDX vs. LBAY

In the year-to-date period, SPEDX achieves a -4.69% return, which is significantly lower than LBAY's 2.72% return.

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SPEDX has a 0.91% expense ratio, which is lower than LBAY's 1.09% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Alger Dynamic Opportunities Fund (SPEDX) and Leatherback Long/Short Alternative Yield ETF (LBAY). 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.

The current SPEDX Sharpe Ratio is 0.86, which is higher than the LBAY Sharpe Ratio of -0.31. The chart below compares the historical Sharpe Ratios of SPEDX and LBAY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

SPEDX has not paid dividends to shareholders, while LBAY's dividend yield for the trailing twelve months is around 3.70%.

The maximum SPEDX drawdown since its inception was -32.93%, which is greater than LBAY's maximum drawdown of -15.99%. Use the drawdown chart below to compare losses from any high point for SPEDX and LBAY. For additional features, visit the drawdowns tool.

The current volatility for Alger Dynamic Opportunities Fund (SPEDX) is 3.36%, while Leatherback Long/Short Alternative Yield ETF (LBAY) has a volatility of 7.72%. This indicates that SPEDX experiences smaller price fluctuations and is considered to be less risky than LBAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.