IGV vs. LBAY ETF Comparison

Comparison of iShares Expanded Tech-Software Sector ETF (IGV) to Leatherback Long/Short Alternative Yield ETF (LBAY)

IGV

iShares Expanded Tech-Software Sector ETF

IGV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Technology Software IndexTM (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of U.S.-traded stocks of software-related companies in the United States and Canada. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$87.88

Average Daily Volume

3,669,451

Number of Holdings ^*

116

* 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

$25.71

Average Daily Volume

5,371

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IGV	LBAY
30 Days	12.75%	-3.53%
60 Days	8.67%	-3.28%
90 Days	5.52%	-4.33%
12 Months	27.70%	-1.44%

0 Overlapping Holdings

	Symbol	Grade	Weight in IGV	Weight in LBAY	Overlap

IGV Overweight 116 Positions Relative to LBAY

Symbol	Grade	Weight
ADBE	B	9.42%
CRM	C	8.66%
MSFT	A	8.38%
ORCL	A	8.17%
INTU	B	7.11%
NOW	B	4.62%
PANW	B	4.32%
SNPS	B	3.8%
CRWD	A	3.7%
CDNS	B	3.52%
ROP	B	2.5%
ADSK	B	2.15%
PLTR	B	2.02%
WDAY	D	1.91%
FTNT	D	1.54%
DDOG	B	1.52%
FICO	A	1.49%
EA	B	1.42%
HUBS	D	1.24%
ANSS	C	1.17%
TEAM	D	1.11%
TTWO	C	1.05%
MSTR	D	0.98%
PTC	B	0.88%
TYL	B	0.86%
SNAP	C	0.71%
ZS	B	0.68%
ZM	D	0.63%
APP	A	0.61%
MANH	B	0.61%
GEN	B	0.55%
NTNX	D	0.54%
BSY	D	0.49%
GWRE	A	0.47%
DOCU	D	0.44%
DT	F	0.43%
ESTC	B	0.37%
DSGX	A	0.34%
OTEX	D	0.34%
CFLT	D	0.28%
SPSC	B	0.28%
IOT	C	0.24%
PCOR	C	0.24%
SMAR	B	0.24%
AZPN	C	0.23%
ALTR	B	0.23%
MARA	B	0.22%
CVLT	A	0.22%
DBX	D	0.22%
S	D	0.22%
APPF	B	0.21%
QLYS	D	0.21%
GTLB	D	0.2%
TENB	D	0.2%
HCP	A	0.2%
VRNS	B	0.2%
PATH	F	0.2%
BILL	F	0.19%
DLB	D	0.19%
CLSK	D	0.16%
CCCS	D	0.16%
U	F	0.16%
ACIW	A	0.16%
WK	F	0.15%
QTWO	C	0.15%
BOX	D	0.15%
TDC	C	0.14%
BLKB	D	0.13%
ALRM	D	0.13%
IDCC	A	0.12%
FIVN	F	0.12%
ENV	C	0.12%
ZETA	B	0.11%
PEGA	D	0.11%
DV	F	0.11%
AI	B	0.11%
CWAN	C	0.11%
RPD	C	0.1%
BL	D	0.1%
RIOT	F	0.1%
PD	C	0.09%
PRGS	B	0.09%
VRNT	C	0.09%
FRSH	D	0.09%
RNG	D	0.09%
LSPD	F	0.08%
NCNO	C	0.08%
AUR	C	0.08%
BRZE	D	0.08%
RAMP	D	0.08%
AGYS	A	0.08%
SPT	D	0.07%
YOU	B	0.07%
VERX	B	0.07%
VYX	D	0.07%
INTA	B	0.06%
EVBG	B	0.06%
ALKT	B	0.05%
CXM	D	0.05%
APPN	D	0.05%
BB	F	0.05%
ADEA	C	0.05%
PRO	F	0.05%
ZUO	D	0.05%
PWSC	B	0.05%
JAMF	D	0.04%
ATEN	D	0.04%
MTTR	C	0.04%
AVPT	B	0.04%
NABL	B	0.04%
ASAN	D	0.04%
MODN	B	0.04%
SWI	B	0.03%
ETWO	D	0.03%
SEMR	D	0.02%
MLNK	C	0.02%

IGV Underweight 52 Positions Relative to LBAY

Symbol	Grade	Weight
BG	B	-5.34%
FIS	B	-5.17%
XOM	C	-5.13%
V	D	-5.04%
ORI	C	-4.81%
ABBV	C	-4.65%
ICE	A	-4.44%
PKG	C	-4.38%
ZBH	F	-4.3%
AGNC	A	-4.29%
APD	D	-4.28%
AWK	C	-4.21%
LHX	A	-4.05%
NEM	B	-4.0%
MDT	D	-3.85%
CMCSA	D	-3.81%
MMM	B	-3.69%
UNP	D	-3.31%
DPZ	C	-3.27%
MTN	F	-3.17%
LW	F	-3.13%
JNJ	F	-3.04%
CARR	B	-2.95%
KDP	D	-2.85%
KO	B	-2.78%
BKNG	B	-2.7%
PCH	F	-2.7%
WM	B	-2.56%
RIO	C	-2.54%
SPGI	B	-2.53%
MSCI	C	-2.52%
SOLV	F	-1.66%
DAL	D	--0.99%
FIX	C	--1.08%
NFLX	A	--1.09%
IRM	A	--1.12%
BURL	B	--1.13%
DKS	C	--1.16%
SITE	F	--1.17%
AAPL	A	--1.31%
CMG	C	--1.31%
VRT	C	--1.37%
SQ	D	--1.37%
EQIX	D	--1.59%
SF	B	--1.62%
TSLA	B	--1.72%
BLK	B	--1.72%
DLR	A	--1.73%
PLNT	B	--1.76%
DASH	D	--1.77%
RCL	B	--1.79%
OLLI	B	--1.82%