KCE vs. LBAY ETF Comparison

Comparison of SPDR S&P Capital Markets ETF (KCE) to Leatherback Long/Short Alternative Yield ETF (LBAY)

KCE

SPDR S&P Capital Markets ETF

KCE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded companies that do business as broker-dealers, asset managers, trust and custody banks or exchanges. In seeking to track the performance of the S&P Capital Markets Select Industry Index, the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the capital markets industry group of the S&P Total Market Index ("S&P TMI"). It is non-diversified.

Grade (RS Rating)

Last Trade

$113.94

Average Daily Volume

52,005

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

$25.56

Average Daily Volume

5,517

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KCE	LBAY
30 Days	2.75%	-3.65%
60 Days	1.99%	-5.66%
90 Days	4.07%	-3.82%
12 Months	32.18%	-2.14%

6 Overlapping Holdings

Symbol	Grade	Weight in KCE	Weight in LBAY	Overlap
BLK	B	1.71%	-1.72%	-1.72%
COIN	D	1.53%	-0.81%	-0.81%
ICE	A	1.7%	4.45%	1.7%
MSCI	C	1.7%	2.54%	1.7%
SF	B	1.72%	-1.64%	-1.64%
SPGI	A	1.74%	2.6%	1.74%

KCE Overweight 54 Positions Relative to LBAY

Symbol	Grade	Weight
JEF	A	1.86%
PIPR	A	1.81%
STEP	B	1.8%
PJT	B	1.78%
AMG	C	1.76%
RJF	D	1.76%
MC	A	1.75%
HLNE	B	1.75%
OWL	D	1.75%
MORN	C	1.74%
HLI	A	1.74%
STT	C	1.73%
BGC	B	1.73%
BEN	D	1.73%
JHG	A	1.73%
FHI	C	1.73%
FDS	D	1.73%
VCTR	D	1.72%
TW	D	1.72%
IBKR	B	1.72%
BX	B	1.72%
ARES	C	1.72%
BK	A	1.72%
MCO	A	1.72%
NDAQ	B	1.72%
TPG	D	1.72%
AMP	B	1.71%
APAM	D	1.71%
IVZ	C	1.71%
CG	D	1.71%
CBOE	D	1.7%
CNS	B	1.69%
HOOD	C	1.69%
NTRS	B	1.69%
MKTX	D	1.68%
EVR	A	1.68%
MS	A	1.68%
TROW	B	1.68%
SCHW	C	1.68%
GS	A	1.67%
LPLA	C	1.67%
SEIC	D	1.67%
CME	D	1.66%
KKR	B	1.63%
VIRT	D	1.63%
VRTS	C	1.52%
DFIN	D	1.43%
AMK	B	1.42%
SNEX	B	1.25%
PX	C	0.79%
RILY	F	0.73%
BSIG	C	0.61%
LPRO	F	0.34%
DHIL	F	0.33%

KCE Underweight 49 Positions Relative to LBAY

Symbol	Grade	Weight
BG	B	-5.47%
XOM	D	-5.35%
FIS	D	-5.11%
V	D	-4.92%
ORI	C	-4.85%
AGNC	A	-4.35%
ZBH	F	-4.34%
AWK	C	-4.2%
APD	D	-4.16%
CMCSA	F	-4.04%
LHX	A	-4.03%
NEM	A	-3.99%
ABBV	C	-3.97%
PKG	D	-3.93%
MDT	D	-3.77%
MMM	B	-3.74%
UNP	D	-3.29%
MTN	F	-3.19%
LW	F	-3.1%
JNJ	D	-3.0%
KDP	D	-2.85%
KO	C	-2.85%
BKNG	B	-2.73%
PCH	F	-2.67%
WM	B	-2.62%
T	B	-2.56%
RIO	D	-2.54%
CARR	C	-2.49%
DPZ	D	-2.47%
SOLV	F	-1.64%
DUOL	F	--0.78%
DAL	D	--0.98%
FIX	D	--1.09%
NFLX	C	--1.1%
SITE	F	--1.1%
IRM	A	--1.13%
BURL	B	--1.13%
CMG	D	--1.28%
VRT	D	--1.33%
DKS	D	--1.36%
AAPL	A	--1.36%
SQ	D	--1.39%
EQIX	C	--1.58%
DASH	F	--1.73%
DLR	A	--1.75%
PLNT	C	--1.81%
OLLI	B	--1.83%
TSLA	B	--1.87%
RCL	B	--1.9%