LBAY vs. IVES ETF Comparison

Comparison of Leatherback Long/Short Alternative Yield ETF (LBAY) to Wedbush ETFMG Global Cloud Technology ETF (IVES)

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

$25.64

Average Daily Volume

5,431

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IVES

Wedbush ETFMG Global Cloud Technology ETF

IVES Description

The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”

Grade (RS Rating)

Last Trade

$46.19

Average Daily Volume

4,046

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LBAY	IVES
30 Days	-3.14%	4.02%
60 Days	-3.60%	2.26%
90 Days	-4.95%	0.30%
12 Months	-1.12%	33.18%

0 Overlapping Holdings

	Symbol	Grade	Weight in LBAY	Weight in IVES	Overlap

LBAY Overweight 55 Positions Relative to IVES

Symbol	Grade	Weight
BG	B	5.47%
XOM	D	5.35%
FIS	B	5.11%
V	C	4.92%
ORI	D	4.85%
ICE	A	4.45%
AGNC	A	4.35%
ZBH	D	4.34%
AWK	B	4.2%
APD	D	4.16%
CMCSA	F	4.04%
LHX	B	4.03%
NEM	A	3.99%
ABBV	C	3.97%
PKG	C	3.93%
MDT	D	3.77%
MMM	B	3.74%
UNP	D	3.29%
MTN	F	3.19%
LW	F	3.1%
JNJ	F	3.0%
KDP	D	2.85%
KO	A	2.85%
BKNG	B	2.73%
PCH	F	2.67%
WM	B	2.62%
SPGI	B	2.6%
T	B	2.56%
RIO	C	2.54%
MSCI	C	2.54%
CARR	C	2.49%
DPZ	D	2.47%
SOLV	F	1.64%
DUOL	F	-0.78%
COIN	C	-0.81%
DAL	D	-0.98%
FIX	D	-1.09%
NFLX	A	-1.1%
SITE	F	-1.1%
IRM	B	-1.13%
BURL	B	-1.13%
CMG	D	-1.28%
VRT	C	-1.33%
DKS	C	-1.36%
AAPL	A	-1.36%
SQ	C	-1.39%
EQIX	C	-1.58%
SF	B	-1.64%
BLK	B	-1.72%
DASH	C	-1.73%
DLR	B	-1.75%
PLNT	B	-1.81%
OLLI	B	-1.83%
TSLA	B	-1.87%
RCL	B	-1.9%

LBAY Underweight 46 Positions Relative to IVES

Symbol	Grade	Weight
OTEX	C	-4.64%
ESTC	B	-4.43%
DDOG	B	-3.22%
NET	B	-3.16%
SMCI	B	-3.15%
NTAP	A	-2.92%
MDB	D	-2.92%
OKTA	C	-2.9%
PSTG	B	-2.8%
NTNX	C	-2.67%
IOT	C	-2.57%
MSTR	D	-2.53%
GDS	B	-2.17%
CFLT	C	-1.82%
INFA	B	-1.8%
APPF	B	-1.75%
GTLB	C	-1.52%
DBX	D	-1.43%
HCP	A	-1.31%
SMAR	B	-1.16%
KD	C	-1.16%
CVLT	B	-1.01%
KC	F	-0.81%
FROG	B	-0.77%
BLKB	D	-0.76%
BOX	D	-0.74%
ZETA	B	-0.73%
NCNO	B	-0.7%
VNET	C	-0.67%
TDC	C	-0.65%
DOCN	C	-0.6%
NABL	B	-0.55%
INTA	C	-0.51%
RNG	F	-0.5%
APPN	D	-0.43%
PDFS	B	-0.42%
SWI	B	-0.39%
JAMF	C	-0.39%
EVBG	B	-0.28%
FSLY	F	-0.2%
GDYN	C	-0.15%
RXT	B	-0.13%
DOMO	C	-0.06%
BLZE	D	-0.05%
EGHT	D	-0.05%
UIS	D	-0.05%