IAT vs. LBAY ETF Comparison

Comparison of iShares U.S. Regional Banks ETF (IAT) to Leatherback Long/Short Alternative Yield ETF (LBAY)

IAT

iShares U.S. Regional Banks ETF

IAT Description

The investment seeks to track the investment results of an index composed of U.S. equities in the regional banks sector. The fund generally invests at least 90% of its assets in securities of the index and in depositary receipts representing securities of the index. It seeks to track the investment results of the Dow Jones U.S. Select Regional Banks Index (the "underlying index"), which measures the performance of the regional bank sector of the U.S. equity market. The underlying index is a subset of the Dow Jones U.S. Bank Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.96

Average Daily Volume

382,733

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LBAY

Leatherback Long/Short Alternative Yield ETF

LBAY Description

The investment seeks capital appreciation and income. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing long positions in securities believed to provide sustainable shareholder yield (defined as dividends plus buybacks plus debt paydowns) and taking short positions in securities expected to decline in price. It will generally have net exposure of 75% - 110% long. The fund's long positions are generally expected to be comprised of equity securities or depositary receipts, although long positions may also include investment-grade corporate bonds and convertible bonds. It is non-diversified.

Grade (RS Rating)

Last Trade

$26.45

Average Daily Volume

2,577

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IAT	LBAY
30 Days	11.14%	-3.99%
60 Days	14.67%	-3.40%
90 Days	15.87%	-2.87%
12 Months	59.59%	5.05%

0 Overlapping Holdings

	Symbol	Grade	Weight in IAT	Weight in LBAY	Overlap

IAT Overweight 34 Positions Relative to LBAY

Symbol	Grade	Weight
PNC	B	14.13%
USB	A	13.33%
TFC	A	10.67%
MTB	A	4.88%
FITB	B	4.77%
HBAN	A	4.58%
FCNCA	A	4.56%
RF	A	4.3%
CFG	B	3.74%
KEY	B	3.18%
EWBC	A	2.56%
FHN	A	1.95%
WBS	A	1.84%
WAL	B	1.77%
PNFP	B	1.7%
CFR	B	1.59%
ZION	B	1.57%
WTFC	A	1.56%
CMA	B	1.54%
CBSH	B	1.5%
SSB	B	1.44%
SNV	C	1.43%
PB	B	1.4%
BPOP	C	1.24%
GBCI	B	1.14%
FNB	A	1.06%
HOMB	A	1.02%
UBSI	B	1.0%
UMBF	B	0.96%
FFIN	B	0.95%
OZK	B	0.91%
VLY	B	0.85%
BOKF	B	0.46%
TFSL	A	0.14%

IAT Underweight 52 Positions Relative to LBAY

Symbol	Grade	Weight
LW	C	-4.96%
XOM	B	-4.78%
ORI	A	-4.77%
MO	A	-4.64%
NEM	D	-4.59%
BG	D	-4.57%
CMCSA	B	-4.57%
FIS	C	-4.54%
VTRS	A	-4.48%
ZBH	C	-4.41%
AGNC	C	-4.41%
CVS	D	-4.36%
BERY	C	-4.14%
ICE	C	-4.08%
MTN	C	-3.91%
V	A	-3.89%
MDT	D	-3.86%
UNP	C	-3.77%
T	A	-3.64%
LHX	C	-3.59%
EBAY	D	-3.58%
MMM	D	-3.53%
AWK	C	-3.45%
BKNG	A	-3.37%
RIO	D	-3.28%
MSCI	C	-3.15%
APD	A	-3.11%
SPGI	C	-2.92%
PCH	F	-2.79%
DE	B	-2.68%
SHAK	C	--1.21%
DKS	D	--1.21%
BURL	B	--1.26%
SITE	F	--1.27%
RBLX	C	--1.29%
EQIX	A	--1.38%
TSLA	B	--1.45%
EVR	B	--1.46%
SF	B	--1.48%
LLY	F	--1.48%
DKNG	B	--1.49%
DLR	B	--1.51%
CVNA	B	--1.53%
AAPL	C	--1.53%
DAL	B	--1.53%
TOL	B	--1.54%
PLNT	A	--1.54%
AVGO	D	--1.54%
SQ	A	--1.56%
VRT	B	--1.63%
OLLI	D	--1.69%
DUOL	A	--1.85%

IAT: Top Represented Industries & Keywords

Industries: Banks - Regional - US Banks - Global